Gates Foundation Grand Challenge: Payment Using Feature Phones
Bill & Melinda Gates Foundation (Grand Challenge: Feature Phone Payments)
- Proposal: 01/12/2020
- Amount: $20,000 - $50,000
The CIIE.CO entrepreneurship center in India, the National Payments Corporation of India, and the Bill & Melinda Gates Foundation have launched a request for proposals, for innovators around the world, seeking new digital payment solutions that make transactions easy and secure for feature phone users in India.
India is home to half a billion feature phone users. A majority of these users are among the low-income segments and aren’t being served by the plethora of smartphone based UPI apps. For this segment, feature phones are a greater value for money than lower end smartphones. Usually with fragile screens, poor battery life and slow processing systems, cheaper smartphones are not suited for their lifestyle needs. Unfriendly user interfaces and security related concerns also hinder these users from transacting via their smartphones.
Solutions Being Sought:
- Real-time issue resolution mechanisms
- Improved payment interfaces and workflows
- Integrated bill payment features
- Enhanced P2P and merchant payment solutions
- Enhanced security with end-to-end encryption
- Any other solution relevant for feature phone users
Eligibility & Submission Requirements
This is a global challenge open for individuals and enterprises offering technology solutions in payments. It is especially suited for enterprises (including startups) with ready solutions that can be piloted with limited additional development and integration efforts. However, all relevant and impactful solutions will be considered irrespective of the stage.