INTRODUCTION
For 2023, they will continue with an ‘always on’ style recruitment form that will be live through December 2023. This form of recruitment will not be specific to a program or region, but rather the intent is to notify Participants about upcoming opportunities with Visa and/or Visa clients. Applications submitted through this form of recruitment will be considered for each applicable competition, which provides a great stage for Participants to demonstrate their ground-breaking solutions and get the attention their Company needs.
AWARDS
Global Finals: The Global Overall Award Recipient will be awarded $50,000 (USD). Visa Direct will determine the Visa Direct Award Recipient in their sole discretion who will be awarded $10,000 (USD). Additionally, those in attendance at the Global Finals will determine the Global Finals Audience Choice Award Recipient in their sole discretion (as further described in Section #8) who will be awarded $10,000 (USD).
CEMEA: At the conclusion of the CEMEA Regional Finals, the CEMEA Regional-Finalist that is deemed the CEMEA GlobalFinalist will be awarded $20,000 (USD) and have the opportunity to present at the Global Finals. The Risk Award Recipient will be awarded $25,000 (USD). Additionally, those in attendance at the CEMEA Regional Finals will determine the CEMEA Regional Finals Audience Choice Award Recipient in their sole discretion who will be awarded $10,000 (USD).
Kenya: Prior to the CEMEA Regional Finals, the Kenya Overall Award Recipient will be awarded $20,000 (USD) and will be deemed a CEMEA Regional Finalist. The Impact Award Recipient will be awarded $10,000 (USD). Additionally, those in attendance at the Kenya local event will determine the Kenya Audience Choice Award Recipient in their sole discretion (as further described in Section #8) who will be awarded $10,000 (USD).
Saudi Arabia: Prior to the CEMEA Regional Finals, the Saudi Arabia Overall Award Recipient will be awarded $40,000 (USD) and will be deemed a CEMEA Regional Finalist. The Saudi Arabia Second Place Award Recipient will be awarded $27,000 (USD). The Saudi Arabia Third Place Award Recipient will be awarded $13,000 USD. The Impact Award Recipient will be awarded $13,000 (USD). Additionally, the Bahrain Overall Award Recipient will be awarded $40,000 (USD) and the Oman Overall Award Recipient will be awarded $40,000 (USD).
What they’re looking for?
They are looking for products that deliver innovative payment and commerce solutions to consumers and businesses. These include but are not limited to:
- Enablers of digital services and digital issuers
- Digital issuance
- Value-add for merchants and/or consumers in regard to finance
- Small/medium-sized business
Eligibility Criteria
Each Participant must be an owner or employee of the Company acting in the exercise of his/her/their commercial or independent professional activity and must be a legal resident of an Eligible Market in his/her/their Region, as defined in Addendum
A. Participant must also be at least 18 years old (or at least the age of majority in their jurisdiction of residence, whichever is older) at the time of registration. In addition, employees, officers and directors of Visa, its affiliates, or its designee(s) may register but are not eligible to participate in any of the virtual or in-person competitions and any awards for the Initiative as detailed herein.
Additional Participation Guidelines – Visa may request valid proof of eligibility, including with respect to identity, corporate organization, age and other relevant documentation, and may disqualify a Participant at any time without notice for any reason, including, without limitation, if Visa determines (in its sole discretion) that the provided proof is not sufficient or the Participant does not otherwise meet the Initiative’s eligibility criteria, or the Participant fails to comply with these Terms or attempts in any way to disrupt or undermine the Initiative or to circumvent any of these Terms.
You are not required to make any purchase or pay any fee to register for, or participate or receive an award or other recognition in, the Initiative nor will you be required to make available any ownership or equity stake in your Company. However, you and your Company (if applicable) are responsible for all expenses you may choose to incur in the course of developing your Submission.
Visa will reimburse all reasonable travel expenses, subject to verification by Visa or its agent, associated with presenting virtually and/or in-person for the Initiative, up to $2,000 per Company.
