MTN MoMo and Ericsson Developer Hackathon Challenge

What’s in the news?

In yet another exciting challenge, MTN MoMo and Ericsson cemented their intent to unlocking the local innovation potential of the continent at the just ended MoMo Developer Hackathon. CodeFount, a team of young app developers picked up the ultimate prize of USD 2500 and a trip to Sweden for one team member to visit Ericsson’s Innovation Center after their innovation My Contributions’ App’ was adjudged winner.

The winning app has been designed to allow members of social groups like churches, staff teams and alumni groups to make, track and aggregate contributions on one platform.

Telebank, a virtual assistant Chabot which enables customers to perform transactions through text or voice was adjudged the first runner up. The app which was developed by Zero Stress enables seamless interaction between your bank account and your MTN MoMo wallet.  They took home a cash prize of USD2000. Farm Financing App, is a crowd-funding platform aimed at supporting small holder farmers. The platform leverages alternative data to determine the creditworthiness of these farmers. Once the farmer qualifies for the credit, the funds are disbursed to their MTN MoMo wallet. The project was adjudged as Third Best and the team received a cash prize of USD 1500.

Why the need for an Open API challenge?

Nicolas Blixell, Vice President at Ericsson Middle East & Africa said: “Innovating and cultivating a culture of nurturing talent are two areas of priority for Ericsson. We take pride in the fact that in collaboration with our partner MTN Group, MoMo Hackathon provided a platform for local talents to showcase their solid potential to address substantial social and business needs.”

MTN and Ericsson Mobile Money Open API challenge was launched in October 2019 and ended on 24 Jan 2020. Over 1000 entries were received from the participating countries. Developers were required to create applications that use MTN MoMo APIs, to monetize both consumer and Business opportunities digitally. The challenge which is an initiative of MTN Group was organized across 5 countries namely: Ghana, Uganda, Cote d’Ivoire, Cameroon and Zambia.

Source: Business Ghana