{"id":4385,"date":"2023-10-20T06:05:05","date_gmt":"2023-10-20T06:05:05","guid":{"rendered":"https:\/\/razorpay.com\/newsroom\/?p=4385"},"modified":"2023-10-27T06:14:17","modified_gmt":"2023-10-27T06:14:17","slug":"razorpay-pos-awarded-first-prize-at-rbis-global-hackathon-harbinger-for-drishtipay-a-solution-which-facilitates-ease-to-use-digital-payments-for-visually-impaired","status":"publish","type":"post","link":"https:\/\/razorpay.com\/newsroom\/razorpay-pos-awarded-first-prize-at-rbis-global-hackathon-harbinger-for-drishtipay-a-solution-which-facilitates-ease-to-use-digital-payments-for-visually-impaired\/","title":{"rendered":"Razorpay POS Awarded First Prize at RBI&#8217;s Global Hackathon, HARBINGER for \u2018DrishtiPay\u2019, a Solution Which Facilitates Ease-to-Use Digital Payments For Visually-Impaired"},"content":{"rendered":"<p><b>INDIA, Bengaluru, 20 October 2023:<\/b><span style=\"font-weight: 400;\">\u00a0 <\/span><a href=\"https:\/\/razorpay.com\/\"><b>Razorpay<\/b><\/a><b>,<\/b><span style=\"font-weight: 500;\"> India\u2019s Leading Full-Stack Payments, and Banking Platform for Businesses <\/span><span style=\"font-weight: 400;\">has secured the <\/span><b>top spot at the RBI\u2019s 2nd Global Hackathon<\/b><span style=\"font-weight: 400;\"> &#8211; \u2018Ha<\/span><b>RBI<\/b><span style=\"font-weight: 400;\">nger 2023\u2019 for its remarkable product, \u2018<\/span><b>DrishtiPay\u2019,<\/b> <b>which facilitates easy-to-use, innovative Card and UPI payments for the visually impaired<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Designed by Razorpay\u2019s POS Team (earlier known as Ezetap), the solution \u2018DrishtiPay\u2019 integrates with UPI apps and cards, to facilitate digital payments for the visually impaired. <\/span><b>DrishtiPay operates seamlessly with feature phones, even in the absence of an internet connection, in case of card transactions. <\/b><span style=\"font-weight: 400;\">With a tap of a card or through an NFC-enabled phone, it allows visually impaired users to provide OTP securely for transacting instead of struggling to enter a PIN. <\/span><b>DrishtiPay is designed to contribute to the ease and accessibility of financial services while bringing efficiency and inclusion.<\/b><span style=\"font-weight: 400;\"> The prestigious award was presented by <\/span><b>Shri T. Rabi Sankar, Deputy Governor of the Reserve Bank of India<\/b><span style=\"font-weight: 400;\">, recognizing the exceptional innovation and inclusivity brought forth by DrishtiPay.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Ha<\/span><b>RBI<\/b><span style=\"font-weight: 400;\">nger hackathon\u2019s second edition was launched in February\u201923 with the theme \u2018Inclusive Digital Services\u2019. <\/span><b>In October, it received proposals from 154 teams spanning various countries, including India, Australia, Canada, Germany, Singapore, Sweden, the UK, and the USA<\/b><span style=\"font-weight: 400;\">. The competition sought innovative ideas in four key areas:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">User-friendly digital banking services for differently-abled individuals;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">RegTech solutions to streamline compliance for Regulated Entities (REs);\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exploring use cases for Central Bank Digital Currency (CBDC) in retail transactions, even in offline scenarios;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enhancements to improve Transactions Per Second (TPS) and blockchain scalability.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">During the initial phase, 28 proposals were shortlisted by external expert judges, across the four problem statements. The final evaluation phase occurred on October 10-11, 2023, in Bengaluru, where 28 finalist teams presented their solutions for the designated problem statements to the panel of jurors who evaluated the winners and runners-up based on parameters like innovation, technology, demonstration, user experience, security and ease of implementation, among others.<\/span><\/p>\n<p><b>Proud of this accomplishment, <\/b><b>Byas Nambisan,<\/b><b> Head of Razorpay POS said<\/b><span style=\"font-weight: 400;\">, \u201c<\/span><i><span style=\"font-weight: 400;\">DrishtiPay is a shining example of what&#8217;s possible when technology and empathy converge. <\/span><\/i><b><i>With its seamless features and accessibility for differently-abled, senior citizens, and special needs alike, DrishtiPay is the bridge towards inclusivity and technological advancement<\/i><\/b><i><span style=\"font-weight: 400;\">. Our Razors have always been the backbone of our innovation and we are thrilled that our team has won. The future holds even more exciting possibilities, and we&#8217;re excited to see how razors will further push the boundaries.\u201d\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The POS device enabled with DrishtiPay is meticulously engineered to articulate transactions in the customer&#8217;s preferred language, offering a personalized and inclusive experience, while the merchant&#8217;s interface remains in their chosen language. In addition to its proficiency in facilitating card payments, DrishtiPay is designed to enhance the efficiency of UPI transactions by seamlessly integrating with well-established UPI applications.\u00a0<\/span><\/p>\n<p><b>Meet the brains behind the innovative product from Razorpay POS Team:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Anand N A, Senior Director, Product QA Engineering &amp; Program Management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apurva Gupta, Senior Manager, Product Development Engineering<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bhaskar Chatterjee, Vice President, Product Management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deepak Nair, Associate Director, Product Development Engineering<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mohit Srivastava, Manager, Product Development Engineering<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Raghav Gupta, Product Development Engineer<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INDIA, Bengaluru, 20 October 2023:\u00a0 Razorpay, India\u2019s Leading Full-Stack Payments, and Banking Platform for Businesses has secured the top spot at the RBI\u2019s 2nd Global Hackathon &#8211; \u2018HaRBInger 2023\u2019 for its remarkable product, \u2018DrishtiPay\u2019, which facilitates easy-to-use, innovative Card and UPI payments for the visually impaired.\u00a0 Designed by Razorpay\u2019s POS Team (earlier known as Ezetap),<\/p>\n","protected":false},"author":14,"featured_media":4386,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[30],"tags":[114,33,113,42],"class_list":{"0":"post-4385","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured-stories","8":"tag-hackathon","9":"tag-razorpay","10":"tag-razorpay-pos","11":"tag-rbi"},"modified_by":"Anu Saraswat","_links":{"self":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/comments?post=4385"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4385\/revisions"}],"predecessor-version":[{"id":4387,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4385\/revisions\/4387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media\/4386"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media?parent=4385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/categories?post=4385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/tags?post=4385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}