Global payments provider Paysafe announced on Monday it is set to host its first global hackathon in five of its developer locations, which are Sofia (Bulgaria), Vienna (Austria), Hyderabad (India), Montreal and Calgary (Canada). According to Paysafe, this hackathon is specifically created to identify new ideas, talent, and innovation that align with the company’s technology ambitions.
“Along with the opportunity to win large cash prizes, the successful hackers will have the opportunity to discuss rewarding career opportunities at Paysafe, a sought-after employer in payments with multiple employer awards and a Glassdoor rating of 4.2 globally.”
The top three winners of the online challenge will receive a cash prize; 1st place wins $3,000, 2nd place wins $2,000 and 3rd place wins $1,000. The top 50 participants in each location will be contacted directly and invited to the on-site event. individuals will be required to present their work in front of a jury and the location winner will be awarded a $5,000 prize and the overall global champion, who will be chosen from the five local winners, will win an additional grand prize of $20,000. Speaking about the hackathon, Paysafe’s Chief Product & Transformation Officer, Karim Ahmad added:
“At Paysafe, we promote an entrepreneurial culture where we want to empower our team to develop technology which can revolutionize the way consumers pay around the world. We are committed to leading in innovation and developing the next big thing in payments.”