Bangalore, October 27th, 2016: PayPal, the global leader in online payments, today opened registrations for the third edition of its annual two-day Opportunity Hack. The hackathon will be open to NGOs focusing on the economic empowerment of underprivileged sections of society and developers interested in creating tech-based solutions for challenges faced by these non-profit organizations.
A global program, Opportunity Hack is already a key community initiative for PayPal in San Jose, California and Chandler, Arizona. Introduced in India in 2014, PayPal’s employee base in the country of over 1,200 highly skilled technologists has been an integral part of the initiative. In 2015, nearly 240 developers clocked about 8,600 hours to help 26 NGOs develop technologybased prototypes to solve real-world challenges.
“As a technology leader, we at PayPal strongly believe that the right technological intervention has the power to facilitate social change and create a sustainable impact in the community. Opportunity Hack is a great platform for us to leverage our greatest strength – our vast base of enthusiastic, expert technologists and use their skills to help bring to life executable, resultoriented solutions for key on-ground challenges faced by NGOs across the country. The hackathon also focuses on engaging our wider tech community by bringing together developers to work with the non-profits and PayPal technologists,” says Guru Bhat, General Manager, Chennai and Bengaluru, Technology Centers.
The previous editions of the Opportunity Hack in India have seen path-breaking solutions, including:
Guru further added, “Based on PayPal’s overall mission of transforming money and becoming an everyday part of people’s financial lives, the theme for Opportunity Hack 2016 is Economic Empowerment. The hackathon will focus on enabling solutions for projects that address critical issues such as Financial Literacy, Entrepreneurship Development, Microfinancing as well as Higher Education and Livelihood Enhancement, among others.”
During the hackathon, teams that develop the most innovative and impactful solutions will be awarded prizes totaling Rs. 2,10,000. The winning non-profit organizations will also receive vouchers for an additional Rs. 30,000 to support their community initiatives. Interested NGOs can find more information on the registration process for Opportunity Hack at http://bit.ly/ohackappchennai2016, while coders can register at http://bit.ly/ohackchennai2016.
The Opportunity Hack 2016 will be held at PayPal’s world-class Global Technology Product Center in Sholinganallur, Chennai on November 12th and 13th 2016. The last day for registration by NGOs is Monday, October 31, 2016, while developers can enroll until Friday, November 11, 2016.
At PayPal (Nasdaq:PYPL), we put people at the center of everything we do. Founded in 1998, we continue to be at the forefront of the digital payments revolution. PayPal gives people better ways to manage and move their money, offering them choice and flexibility in how they are able to send money, pay or get paid. We operate an open, secure and technology agnostic payments platform that businesses use to securely transact with their customers online, in stores and increasingly on mobile devices. In 2015, 28% of the 4.9 billion payments we processed were made on a mobile device. With our 192 million active customer accounts, PayPal is a truly global payments platform that is available to people in more than 200 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PYPL financial information, visit https://investor.paypal-corp.com.