Worldline has announced the third edition of its e-Payments Challenge, to take place in a fully virtual format for the first time on 17 and 18 September.

The European payment and transaction services firm's annual forum brings together FinTechs, banks, merchants and its own technology experts.

Participating enterprises and business partners will be able to present their own challenges based on their market strategies to FinTech teams for competitive selection and to work together with them to co-create innovations on a given topic.

New for this year, customers can also participate in the event in a ‘spectator mode’, exploring the latest ideas raised by the startups.

This year's challenge will also introduce two entry options for participating FinTechs to choose from - open entry and closed entry. Those participating in an open entry will answer a challenge that is inspired from the three main categories - financial sustainability, consumer experience and digital disruption - while those that chose a closed entry will have to respond to a challenge raised by a customer of Worldline.

The overarching challenge of this year’s edition is to 'co-create a cashless society powered by data'. Participants will be tasked with creating solutions to the various challenges, from business-to-consumer payments, peer-to-peer payments to data analysis, fraud management and Open Banking.

Worldline will select participating FinTechs from applicants from across all segments of payment technology.

Pascal Mauzé, head of global sales and marketing at Worldline, said: "The pandemic has accelerated the emergence of the cashless society and the arrival of the Open Data economy - it is changing the way we shop, the way we pay, how we manage our money and the way we authenticate our identities online.

"The payments industry is thus playing an increasingly critical role in shaping the world to become a better place," he continued, adding: "I am looking forward to the new fully digitised e-Payments Challenge and to facilitating with our customers many exciting projects for our ambitious FinTech participants to work on.”

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