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NITI Aayog partnered with PhonePe

Published on February 19, 2022
Current Context: NITI Aayog has entered into a partnership with PhonePe.
NITI Aayog partnered with PhonePe
  • They have partnered to launch the first-ever open-to-all hackathon event for finding creative solutions for the FinTech sector.
  • The hackathon will grant opportunities to innovators, digital creators and developers to showcase their innovative ideas which will benefit the FinTech sector.
  • The participants are required to make use of any open-data APIs similar to PhonePe Pulse in their innovative ideas and frameworks like account aggregator as a foundation to power some of the use cases.
  • They can also make use of open data platforms like Setu AA Sandbox to develop their ideas.
  • They can also make use of reports of RBI and government data platforms.
  • The participated member in a group should be from 1 to 5 members.
  • The 1st prize amount is Rs 1,50,000, 2nd prize amount is Rs 1,00,000 and 3rd prize amount is Rs 75,000.
  • Static Part: 
    • HQ of NITI Aayog: New Delhi
    • Chairperson of NITI Aayog: PM Narendra Modi
    • CEO of NITI Aayog: Amitabh Kant
    • HQ of PhonePe: Bengaluru

Question: 

Q.1 In partnership with which organization has NITI Aayog launched the first-ever open-to-all hackathon event for finding creative solutions for the FinTech sector?
a. Axis Bank
b. IIT Kanpur
c. PhonePe
d. IIM Ahmedabad
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