Each year the MTN fintech group organizes Momo hackathons for developers, entrepreneurs, and companies to show their coding skills by providing solutions to the financial inclusion challenges faced in Africa’s ever-growing digitization space.
This year’s event will be no different from previous years. Developers and companies will be competing by building innovative applications with the MTN MOMO API that will accelerate financial inclusion and literacy in the country/market they are in.
According to MTN Group chief fintech officer Serigne Dioum, MTN plans to build a pan-African platform that will be the backbone for economic growth in Africa. As a result, MTN must invest in its young talent in order to enable them to create opportunities and leverage the MTN momo platform.
“MTN is committed to extending financial and digital inclusion across the continent in furtherance of its strategy to build a pan-African Fintech platform that will power the digital economy and serve as a catalyst for social and economic growth in Africa,” said Serigne Dioum, MTN Group Chief Fintech Officer.
“With our Open API Platform, we reach out to Africa’s resourceful talents and enable them to grow and create opportunities by leveraging our MoMo Platform. We have no doubt that it is by collaborating with the talents of Africa that we will expand the service offering available on MoMo,” he added.
The Momo hackathon hosted by MTN this year will take place in ten(10) countries/momo markets this year, expanding from the five(5) used in previous years.
The countries include: eSwatini, Zambia, Congo Brazzaville, Rwanda, Uganda, Cameroon, Benin, Cote d’Ivoire, Ghana, and Guinea Conakry.
The challenge is scheduled to run from 18th July to August 2022. Developers then have four(4) weeks to submit ideas for an innovative financial and transactional app that includes the usage of MTN mobile money APIs.
Here is what you need to know about the MOMo hackathon challenge 2022
- Developers will be required to create mobile applications that use MTN Momo APIs; the application needs to target consumers, merchants, or businesses.
- The mobile application needs to provide value and practical solutions that can be deployed in the applicant’s registered market. It should go beyond payment uses cases but must utilize MTM Momo APIs.
- MTN in each participating country will select the top 12 applicants to progress to the prototyping phase.
- All 12 preselected applicants in the prototyping phase will make a live demo of their mobile application to the adjudicator.
How to register for this year’s MTN MOMO Hackathon challenge
- Visithttps://momo2022.hackerearth.comand clickRegister.
- Sign up to create a free account.
- Enter your Full Name, country, and team name and hit submit.
- Click on Submit idea
- Idea dashboard will open for you to finish up.
- Follow the prompts to complete the setup
Prizes
1st Prize: USD 5000 – equivalent in local currency.
*inclusive of all applicable taxes, foreign exchange conversion rates, and charges as well as transfer fees
2nd Prize: USD 3000 – equivalent in local currency.
*inclusive of all applicable taxes, foreign exchange conversion rates, and charges as well as transfer fees.
3rd Prize: USD 2000 -equivalent in local currency.
*inclusive of all applicable taxes, foreign exchange conversion rates, and charges as well as transfer fees.
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