Interswitch Holds Grand Finale Of Technovation Competition


As part of its commitment to fostering innovation and creating impactful solutions African continent, Interswitch, one of Africa’s leading financial technology and integrated payments solution providers has concluded the second edition of its Technovation Competition, a hackathon aimed at nurturing innovation and creativity among its employees.

The competition, which runs for several weeks, provided a unique platform for Interswitch employees to explore their problem-solving capabilities and devise innovative solutions to real-world problems.

The programme also provided participants with the necessary tools, mentorship, and a platform to develop groundbreaking ideas and transform them into viable prototypes with a strong focus on technology-driven advancements.

Following a review of numerous entries, five teams were shortlisted to compete at the grand finale. The chosen teams include Paystars, The Innovators, Team Spark, Team Flash, and The Pioneers who pitched solutions focused on healthcare, food and financial technology.

At the end of the keenly contested pitch session, which was held on Friday, July 7, 2023, at the Radisson Blu Anchorage Hotel, Victoria Island, Lagos, Team Flash emerged winner of Technovation 2.0, receiving N1,000,000. Team Spark followed closely behind in second place, winning N750,000 and Team Paystars emerged in third place, winning the sum of N500,000.

Speaking on the successful completion of the Technovation 2.0, Akeem Lawal, Managing Director, Payment Processing & Switching of Interswitch Purepay emphasised the significance of empowering employees to design solutions that address Africa’s unique challenges.

He said: “At Interswitch, we firmly believe that the key to driving meaningful change in Africa lies in nurturing and empowering our talented people. The Technovation 2.0 competition is a testament to our commitment to innovation and our unwavering belief in the transformative power of technology. By supporting our staff members in their pursuit of groundbreaking solutions, we aim to create a brighter future for Africa.”

Interswitch recognises the immense potential within its workforce and is dedicated to unlocking the creative genius of its employees. By providing a conducive environment for innovation, the company continues to harness the collective brilliance and expertise of its staff members to drive positive change in various sectors, including finance, e-commerce, healthcare, oil and gas and transportation, among others.

Throughout the competition, participants were encouraged to avidly explore novel approaches to tackle complex problems. Leveraging Interswitch’s extensive industry expertise and cutting-edge technologies, the developers devised ingenious solutions that hold the potential to revolutionize various sectors and improve the lives of millions of people across Africa.

The grand finale ended on a high note as participants and other Interswitch employees were treated to an exciting after-party.

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