MasterCard is holding a world-wide, year-long competition in search of the world’s best Coders.
“MasterCard is the world’s most advanced payments network, and the MasterCard Developer Zone is the bridge to it. We are opening up our technology to the world for a simple reason – to enable any developer to utilize our products and platforms to build the next big thing”, said Mario Shiliashki, Senior Vice President of Open APIs at Mastercard.
Earlier this month, Let’s Talk Payments held an exclusive interview with another executive art MasterCard, Sebastien Taveau who is the Chief Developer Evangelist. Sebastien has built unimaginable products around all types of commerce and mobile capabilities. The interview can be accessed here.
The competition will travel through ten cities from New York to Sydney in 9 countries this year. The Grand Finale will take place December 5-6. Events be held regionally and those winners will then go on to Silicon Valley for a MasterCard Priceless® Experience for the Grand Finale. Contestants will compete in a team format which will consist of up to five humans and one robot per team.
Teams must start their project from the ground up for the competition and may not continue work from previous projects. They may not use power-point presentations, and will be allowed a 2 minute presentation followed by a 1 minute Q&A session with the judges. Judging will be done via Hackathon.io and scoring will be take place in five criteria: impact, design, creativity, simplicity, and usage of MasterCard’s APIs. In the finale, the teams will not only compete against one another, but also the MasterCard team of elite coders.
There is a total of $125,000 in prize dollars up for grabs. The winning team will get up $100,000 to fully develop their creation in addition to multiple other once-in-a-lifetime opportunities from MasterCard.
The Sydney location is the only regional competition to be completed thus far and the winners are pictured below. The next competition will be in late March in Hong Kong.