Worldline to run payments hackathon in Paris

Source: Worldline

Worldline [Euronext: WLN], the European market leader in payment and transaction services, is organizing its first Hackathon the "e-Payments Challenge" which will be held in Paris from September 26 to 28.

It is a large-scale event which offers fintechs the opportunity to work and co-innovate with the leaders in their industries and aims to invent the future of payments.

With the "e-Payments Challenge," Worldline is inviting Fintechs whose core business is payment methods to collaborate and create together, during 48 hours, tomorrow's e-payment solutions. The objective is to combine the best of the technological expertise of Worldline and its customers and partners with the creativity of fintechs for the benefit of end customers. This collaboration will allow Worldline to further develop its expertise in payments and transactional services.

To strengthen co-innovation, Worldline called on its digital pioneer partner AccorHotels and a number of its customers. With the fintechs, all will work together to offer new applications (P2P, C2B, B2B, and B2C) that will complement Worldline's APIs. A dedicated website has been launched: www.worldline.com/e-paymentschallenge

8 challenges - each submitted and organized by a Worldline customer - are set for the participating fintechs:

• "Seamless" in-store payment experience
• Opportunity to make the interface between merchants and banks more flexible with the GDPR
• Smart table (Internet of Things) for community payments
• Instant payments for telcos
• "Seamless" customer experience in hotels
• New payment methods
• Digital fleet card management in the oil industry
• B2B e-commerce and Blockchain

Worldline will include resources such as OpenBanking/XS2A, mobile payments, e-Commerce/m-Payment, e-Acquisition, web payments, bots, blockchain, security, authentication, and data protection in the "sandbox" made available to participants. These resources will be enriched by Worldline's expertise in areas such as AI, Mobile First, Instant Payments, connected world, Voice First, and disruptive innovation management in an environment structured by the implementation of the PSD2 and the GDPR.

Supported by AccorHotels, the opening roundtable will take place on September 26 at AccorHotels' Headquarters. Marc-Henri Desportes, Deputy Chief Executive Officer of Worldline, and Maud Bailly, Chief Digital Officer of AccorHotels, will share their strategic vision on digital payments. On September 27 and 28, participating Fintechs will meet at Worldline's Headquarters to finalize their projects and present them to a jury of experts and top managers, who will choose 1 winner per challenge (8 winners in total) and the overall winner of the e-Payments Challenge. All participants will present their projects to Worldline and its partners and customers. The Hackathon winners will have the opportunity to develop their solution and build a long-term partnership with Worldline.

For Marc-Henri Desportes, Deputy Chief Executive Officer of Worldline: "Worldline, as a European leader in its sector, is very committed to developing payments solutions that are innovative, simple and secure. This e-Payments Challenge will enable Worldline, our customers, partners, and Fintechs to co-develop tomorrow's payment methods. We are looking forward to this co-innovation experience and to discovering the solutions that will emerge after 48 hours of challenges."

For Maud Bailly, Chief Digital Officer of AccorHotels: "A successful payment experience for customers requires it to be seamless, fast and secure. Beyond the digitization of payment solutions, adapting to local specificities is crucial, which is why we are building strategic partnerships on payment solutions for Asian customers. By developing these solutions, payment becomes an additional differentiating and loyalty lever for our brands and our digital ecosystem."
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This content is contributed or sourced from third parties but has been subject to Finextra editorial review.

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