Technology

Dubai, UAE; 5 December 2016: Visa (NYSE: V), a global payments technology company, hosted a 2 day 'Digital payments Hackathon' in partnership with Dubai Internet City during the 2016 UAE Innovation Week. Developers, application designers and business owners competed in an extensive challenge, at in5 innovation centre for technology, in Dubai Knowledge Park, to determine the following concept in digital payments remedies that better Dubai's objective to be a truly Smart City.

From transport to recreation, the theme of innovation was diverse however the end objective was to address a customer dealing with problem making use of a Visa Application Programming Interface (API) through the Visa Developer Platform. Under the support of the Smart City vision, participants were given 24 Hr in between 25 and 26 November 2016 to utilize their innovation expertise and code a completely secure application that were after that offered and checked before the panel of judges compromising of Visa executives, repayments industry specialists and innovation entrepreneurs.

Karl Tlais, Senior Director, Innovation & Strategic Collaborations CEMEA, Visa, one of the courts at the obstacle, claimed: "The Visa Digital Settlements Hackathon gives us an outstanding opportunity to examine the imagination and leverage the potential of the entrepreneurial spirit in Dubai. By working very closely with the technology savvy community, we wish to locate a resourceful idea that can be changed right into a real life remedy for Dubai's residents. Hosting it as part of the UAE Innovation Week was a tactically crucial choice for us as we sustain the country's vision to construct an ecosystem of innovative thinkers and developers."

Ammar Malik, Exec Director, Dubai Internet City, claimed: "As Dubai journeys on its transformation into one of the smartest and most innovative cities on the planet, it is inspiring to see our business partners add to this vision through innovative and progressive suggestions. Over the last 20 years, Dubai Internet City has actually come to be home to global services like Visa, in addition to local business owners whose suggestions have far getting to impact. The Visa Innovation Centre in Dubai Internet City and the Visa Development Platform with each other are reimagining the future of repayment innovations and producing possibilities for pioneers in Dubai and the region. Together with Visa, our Hackathon for the 2016 UAE Innovation Week combined world-class trendsetters for which we will continuously enable chances to scale growth."

Teams were judged on 5 criteria: execution, influence, creativity, design and Visa API usage with 4 winning suggestions picked. Furthermore, any kind of group that used the Mobile Link API, an open platform for budding application developers, has the opportunity to win a trip to the Mobile World Congress to be kept in Barcelona in February 2017.

The Visa Digital Payments Hackathon is lined up to Visa's ongoing efforts in owning innovation in the digital payments market in the UAE and was arranged by Angelhack, the world's largest and most diverse global hacker community in partnership with Decode Dubai by in5, TECOM Group's integrated innovation platform, and GSMA, an organization that represents the rate of interests of mobile operators worldwide.

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