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After the success of the three-day competition aimed at molding college students into globally competitive future fintech leaders, GCash, the leading mobile wallet in the Philippines, announced the top five winning teams for the second ImaGnation innovation challenge.
In line with its vision to promote mass adoption of financial technology across the country, this year’s competition brings together 3rd year to 5th year undergraduate students to compete and generate new ideas on how GCash Jr. .
Young innovators in action
For this year’s competition, nearly 417 young innovators, comprising 144 teams from 50 universities across the country, rose to the challenge and presented their pitches on how to create GCash Jr. Finally, the top 15 teams qualified for the 3-day bootcamp were announced. Leaders and mentors from GCash helped equip the contestants through learning sessions on how GCash Jr. will be an e-wallet for the youth, while promoting financial inclusion.
The top 15 teams were given the opportunity to present their business cases, followed by a Q&A with the GCash judges made up of the GCash leadership team. The top 5 finalists who stood out with the most innovative ideas were announced and proceeded to make the final presentation of their cases.
A new generation of innovators and leaders is emerging
The G-Katip team won as 1st placer, bringing home PHP 60,000 GCash credits, and an iPad 9th Gen for each member. 2nd place went to the FinItToWinIt team who won PHP 40,000 GCash credits, and a Garmin Smart Watch for each member. The SynerG team also took 3rd place, with a prize of PHP 20,000 GCash credits, and Airpods 3rd Gen for each member. On the other hand, team Cash & Furious and Finclusivity took 4th and 5th place, and each team won PHP 15,000 GCash credits.
Unleash the potential of young talent, now and in the future
Beyond giving the opportunity to make their innovations a reality, GCash also gave all the top five teams a guaranteed placement into GCash’s Jumpstart Internship Program to all undergraduate students who were part of the top 15 teams, an 11 week-long summer program to help young innovators get started. their journey to becoming well-rounded, problem-solvers and fintech leaders of the future.
“Empowering young people is essential to achieving mass adoption of financial technology. The innovation challenge is just the first of many initiatives that GCash will invest in to further our vision of including finance to improve the lives of Filipinos every day,” said GCash President & CEO, Martha Sazon.
As the country rapidly transitions to a cash-lite society, GCash continues to build a strong pipeline of young talent by helping them make their innovations a reality and make the an important part of their vision of “Finance for All”.
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