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ADB Pay

Provide ADB employees with digital wallets to make fast and convenient cashless transactions within the Bank and beyond.

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REDEFINE THE PAYMENT EXPERIENCE

FOR ADB STAFF

 
CAN YOU AND YOUR TEAM BUILD A MODERN CASH PAYMENT SOLUTION FOR ADB EMPLOYEES?
 

Are you ready to revolutionize ADB’s staff payment interactions? This is your chance to work on a digital wallet solution that will change the way we make purchases, transfer funds and earn points within the bank and beyond. 

We are looking for startups, students and the general public all across the world to propose ideas and present solutions on how to tackle this challenge.

ADB wants to provide better user experience to a multicultural workforce in ADB who deal with the inconvenience of carrying cash to transact in the Philippines or abroad.

WHY JOIN THE CHALLENGE?

 

This is a great opportunity to be part of the driving force of the FinTech world! All 5 Finalist Teams will be rewarded with a sponsored trip to Manila, Philippines to participate in an in-person 2-day Hackathon from August 31st to September 2nd!

 

And they will stand the chance to... 

  • Win up to US$10,000 Seed Funding!
  • Access to networking opportunities with ADB development practitioners
  • Visibility for your team and project in an international conference
  • Get some exposure and insights into technical assistance, grants, and equity investments
  • Develop a proof of concept collaboration
  • Industry renowned Awards
 

CONTEXT

ADB employees currently use a closed-loop cashless payment system that allows them to purchase goods from vendors within the ADB Food Services outlets. To date, there are less than 200 users, and at a time of active promotions, it reached beyond 300 users.

Around 5000 staff/contractors/consultants/dependents/visitors mostly use cash for their daily transactions. There are about 40 food services, laundry, courier and other merchants in ADB HQ that can use the future innovative payment solution.

 

HOW CAN YOU ENCOURAGE STAFF, CONTRACTORS, CONSULTANTS, DEPENDENTS AND VISITORS TO USE MORE DIGITAL SOLUTIONS? 

 

 

HOW CAN YOU REDEFINE THE PAYMENT EXPERIENCE FOR ADB STAFF

 
 ADB is looking for bold ideas on digital payment systems.
To start off, we have listed below a few requirements that should or could be met.
 
 

 THE MUST HAVE!

 
Your solution should meet at least one or several of the below requirements
 
  1. Allow employees to pay for products and services with partner merchants using QR codes and any other payment methods, i.e., credit card, debit card, virtual/tokenized credit/debit card
  2. Top-up through a direct link, money transfer with a personal bank account or credit card, and/or TouchPay (independent cash loading) station
  3. Provide the merchant with Point-of-Sales device which accepts various payment methods and able to register products/services to be used for sales transactions
  4. Be able to send sales receipt online to minimize the paper use, think green!
  5. Collect merchant discount rate in every use of ADB Pay to assure sustainable payment system business model and to eliminate the need for upfront establishment cost of this system 

THE (REALLY) NICE TO HAVE!

 

Some valued bonus points will be added if the solution also answer one or several of the following:

 

  1. Collect reward points in every purchase  
  2. Transfer funds for ADB-related expenses, i.e., ADB’s event participants can use ADB pay for their meal/other allowances which can be also be used in the nearby malls
  3. Incorporate the best logical security set-up in the hardware/software deployed to minimize IT security risks, i.e., when the system suggests the use of employee ID as a payment card
  4. The solution should provide integration with ADB's accounting system to record the transaction in a secured manner

 

Don't forget ideas for digital payments are endless! So feel free to submit other solutions that fall in the "out of the box" section!
 
Creative and innovative ideas will be most valued!
 

PRIZES

 

SEED FUNDING!

Win up to US$10,000 seed funding!

NETWORKING
& VISIBILITY

Access to networking opportunities!

PROOF OF
CONCEPT

Develop a Proof of Concept with ADB support

 

TIMELINE


 
 
 
 

FINAL HACKATHON

Aug. 31st to Sept. 2nd, 2019

 
THE 5 FINALIST TEAMS WILL BE INVITED TO PITCH THEIR BOLD IDEA AND PROJECT DURING A 2-DAY HACKATHON AT THE MULTIFUNCTION HALL, ADB HEADQUARTERS, MANILA, PHILIPPINES 
 
>> Travel grant of $400 for each team coming from the Philippines
>> Travel grant of US$1,000 for each team coming from outside the Philippines (Southeast Asia)
>> Travel grant of US$1,500 for each team coming from outside the Philippines (Rest of the World)
 
More information to come, stay tuned!