1. realme – India’s fastest growing smartphone brand

realme is a technology brand that specializes in providing high-quality smartphones with thebest design and performance. The brand was officially established on May 04th, 2018 by itsfounder Sky Li and Madhav Sheth in India, together with a young team who have richexperience in the smartphone industry. Realme is committed to offering powerfulperformance, stylish design, sincere services and exploring more possibilities ofsmartphones. Realme has launched 16 smartphones, which includes realme 1, realme 2,realme 3, realme 2 Pro, realme 3 Pro, realme U1, realme C1, realme C2, realme 3i, realme X,realme 5 and realme 5 Pro, realme XT, realme 5s and ultimate flagship realme X2. Realmehas also introduced smartphone accessories such as power banks, buds 2, realme budswireless and an all new realme buds air. As per both Counterpoint and IDC, realme hasbecome the 4th largest smatphone brand in India since Q4 2018. CMR has claimed realmeas No. 1 Quality Smartphone Brand in India with the lowest return rate and the highestcustomer satisfaction on reliability.

2. realme paySa – Yeh Kya Hai?

Incepted in 2019, realme PaySa is the latest entrant to India’s financial services landscape.We aspire to bring a meaningful change in the lives of our customers by making theiraccess to financial services simpler, cheaper and faster.

realme PaySa is available on Google Playstore & realme app store to download and use as aBeta app. After completion of the beta phase, we plan to pre-install on all realme phones.The platform aims to cater to both individual and SME customers and we believe that co-development of products with customers and other stakeholders is the key to our long-term success. We plan to cover financial needs of our users across their life cycle with 4business lines – lending, payments, savings & protection. Within the next 2 years, we wouldbe happy to have onboarded 25mn financial services clients.

The beta version of the app that was launched on 17th Dec’19 offers free credit report,mobile screen insurance, personal loans and business loans. We expect to expand ourproduct offering in 2020 and become a full stack financial service platform.

3. Why realme paySa UPI hackathon?

We are amazed at the growth of UPI, quick adoption by the Indian consumers and theexponential growth in digital payments that is yet to come. Mobile payment is one of themain pillars of our financial services platform and we are studying UPI closely. We stronglybelieve that our long terms success depends on our ability to consistently innovate andsolve real-life problems or make life better. With the UPI Hackathon event, we plan toidentify new solutions, use cases and co-create the future of UPI in India. NPCI and HDFCBank, with their deep experience in digital payments are supporting us to identify the nextbest disruptive innovations. We think we can do better when we do it together.

4. What is the UPI Hackathon all about & theme kya hai?

Dream, conceptualise the storyline, share the story, convince us that the story will trulychange India, show willingness to implement, take our support to make the proof of conceptand with a bit of luck, win the grand prize. Really simple, isn’t it?

The theme is to work with UPI as the base payment service/platform and provide veryinnovative or crazy solutions that either make life simpler, save costs, help solve a problemor bring new business opportunities. It could be for individuals or small businesses or itcould be useful to urban or rural India.

You could be a student, a start-up with a solution, employees working in very largecompanies, a payment company or a coder, we are all ears! Please read the documentcarefully to read rules of the game.

5. Mujhe kya milega (Rewards)?

a) Your chance to have a meaningful impact and be part of India’s digital payment storyb) 5 finalist teams will get a chance to present their ideas to big corporate and digital

payment leaders on 9th May 2020, a large platform with great visibilityc) The 2 winning teams will take their ideas from being just a dream to going live on our

platform and a potential contract to work with realme PaySa.d) Money!

WinnerRs 10 lacs (Rs 5 lacs when you win & Rs 5 Lacs if your idea goes live on

realme PaySa)

Runner UpRs 5 lacs (Rs 2.5 lacs when you win & Rs 2.5 Lacs if your idea goes live

on realme PaySa)

Note: The Prize money mentioned above is subject to deduction of taxes includingtax deduction at source.

6. Koi clue milega or ideas or problems? We are raring to register our idea!

We have listed below some themes and ideas as indicators of what could be potential areasof work. You may have very different thoughts or themes.

a) Customer Registration to UPI: How to make it simpler registering the next 300 millionIndians to UPI? Is there a way to make the process even simpler, easier & more secure?How could UPI be used by other devices & platforms such as smart watches or smartTVs?

b) QR Code penetration: How could we have a QR code everywhere and what could bedone to improve the QR scan and pay journey?

c) Lending: UPI provides a solid platform for consumer & SME finance. How could weprovide loans more easily and cheaper to users? Can UPI help in repayment, collections,credit scores?

d) Investments: India is a country of savers. How could UPI platform be used to start microinvestments in mutual funds, gold or maybe other instruments?

e) B2B solutions using UPI: Many businesses are constantly transacting and paying otherbusinesses. How could UPI add value to some use cases in specific sectors such asFMCG, pharma, retail, telecom, agriculture etc.

f) Security and fraud prevention: How could we protect the customer from fraud andincrease security without impacting the user experience?

g) Education & digital payment literacy: How could we educate the next 300mn Indiansabout UPI in a simple, cost-effective and easy way?

h) Physical shops / retailers / small mobile businesses: How to onboard a merchant toUPI in less than 5 mins with a very simple DIY process? What other value-added servicescan they receive or give leveraging UPI?

i) E-commerce / Digital commerce: How to increase penetration of UPI with the millionsof small and big businesses in the digital space and how to make UPI the preferredmode of payment?

j) Public transport and government services: How to leverage UPI to make access topublic transport simple and easy or transaction for government services easier?

k) Rural India or Tier 2/3/4 cities: Any specific solutions for cities where penetration ofdigital payments is limited?

7. Kuch background on UPI, to help you get started with your research

What is UPI

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into asingle mobile application (of any participating bank), merging several banking features,seamless fund routing & merchant payments into one hood. It also caters to the “Peer toPeer” collect request which can be scheduled and paid as per requirement andconvenience. Transactions are mainly person to person or person to merchant.

Unique Features of UPI:

Immediate money transfer through mobile device round the clock 24*7 and 365 days. Single mobile application for accessing different bank accounts. Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines yet

provides for a very strong feature of seamless single click payment. Virtual address of the customer for Pull & Push provides for incremental security with

the customer not required to enter the details such as Card no, Account number;IFSC etc.

Bill Sharing with friends.

Best answer to Cash on Delivery hassle, running to an ATM or rendering exactamount.

Merchant Payment with Single Application or In-App Payments. Utility Bill Payments, Over the Counter Payments, Barcode (Scan and Pay) based

payments. Donations, Collections, Disbursements Scalable. Raising Complaint from Mobile App directly.

For More Information on UPI: Visit NPCI Website by clicking here.

Participants can access the UPI APIs through NPCI API accelerator available athttps://infinit.co.in/home

8. I am eager to participate, rules of the game kya hai?

Any Indian resident or entity registered in India can participate. The size of the teamregistering for the event should not exceed 5 members and once you enter the contest,teams cannot change the members.

The hackathon has three phases.

Phase 1: Submit that crazy idea by 10th Mar 2020

Register for the challenge and submit your idea with the following minimum information. Atthis stage you need to keep it short, simple and attract our attention!

Question Possible descriptionProblemStatement

What are you going to solve?

Idea Title What's the big idea?

IdeaDescription

What are you building in order to solve the big problem? Who are itscompetitors and how is your solution different from the rest?

User Scenarios

Where can the solution be used? Give a brief description of a few coreuser scenarios where your solution can fit? Who is the intendedaudience for your solution? What will be the impact & effectiveness ofthe solution?

TeamComposition

Background of team and who does what?

ExperienceHave you ever participated in such a competition before? Have youdeveloped any software/ application before? Do you have paymentsexperience before?

Optional Any other information (PDFs, Video etc.)

50 Teams that manage to get our attention, have a disruptive idea, show a committed teamand are willing to co-implement will be invited to the next round. Announcement ofshortlisted teams will be made on 15th Mar’20.

We will visit the following cities for Q & A sessions & interactions with you. We would love tohave a coffee with you, talk about your innovation and provide clarifications. If you can’tmake it, you can join us in one of the webinars.

https://attendee.gotowebinar.com/register/1343380413259509515

All the 5 teams will be awarded a certificate of merit from us and an acknowledgement ofyour efforts.

Other rules – please do read carefully

When you participate, you agree to have read these rules and accept them. If you do notagree to a specific clause, please do highlight clearly during the registration process inwhich case you will not be able to participate in the hackathon.

A team can have a maximum of five members in a team A team can submit only one idea A person can only be part of one team Entries should be submitted only on the HackerEarth or dare2Compete platforms Participants are required to carry their own digital devices, hardware, software, tools

to develop and present their solutions You are expected to come up with new and innovative ideas, we value ethical teams! The decision of Jury would be final Realme PaySa will be allowed to use the IP created and submitted by you during this

contest and in which case we will be kept indemnified by you for any third-partyclaims

Any communication regarding event participation, results etc can only be done withexplicit formal approval of realme PaySa

Please read the detailed terms and conditions and the privacy policy available on theplatforms before you register to participate as your participation will be processedafter you agree to them.

That’s all from us. Let the Game of Codes begin!