Hong Kong’s best developers and entrepreneurs vie for a chance at the US$100,000 Grand Prize

Hong Kong, February 23, 2015MasterCard today announced that the MasterCard Masters of Code competition will continue its search for the best coders in the world in Hong Kong on March 21 and 22.

The second of 10 hackathons in the year-long series, the Hong Kong installment will ask developers to create the best commerce experience but also with a special focus on women in technology. Gender diversity in the composition of the teams will create bonus points during the judging process. The event will challenge the best and brightest of Hong Kong’s developers and entrepreneurs to create the next big thing and have a chance at competing against master coders from across the globe in the Grand Finale Masters of Code Hackathon in Silicon Valley in December.

Sponsored and hosted by MasterCard and organized by AngelHack, Masters of Code has one goal: to bring together the world’s top developers, designers and entrepreneurs to take on the MasterCard APIs (Application Programming Interfaces) to build  the future of commerce. Using these APIs, developers will have access to unsurpassed assets, data insights, services and products from MasterCard that are focused on powering commerce on a global scale.

The participating teams will compete to create innovative prototypes that demonstrate artful coding and design skills while also articulating clear business use cases – all focused on driving the next generation of commerce applications.

The Hong Kong event will feature an esteemed panel of judges who will choose the winning team based on their innovation’s impact, design, creativity, simplicity and best usage of MasterCard’s APIs.

“Hong Kong is ideal as the second market for us to launch the global hackathon series.  The city is known for being one of the most innovative places in the world and a nurturing ground for technology start-ups with a supportive government, hence has an exciting pool of new ideas to offer,” said Anna Yip, head of Hong Kong and Macau, MasterCard.

The event also aligns with MasterCard’s focus on innovation. “As a payment technology company, we see an obligation for us to innovate to help build new businesses, enhance consumer experiences and enable participation in the global economy, on top of delivering value in this rapidly changing world to our customers, partners and consumers,” she explained.

The winning team from each region will be flown to Silicon Valley to compete in the Grand Finale Masters of Code hackathon. Each member of the regional runner-up teams will receive a US$500 MasterCard gift card. The MasterCard Masters of Code Champion will be crowned in Silicon Valley will receive US$100,000 to develop their innovation, in addition to the following prizes:

  • Two weeks on-site at the MasterCard Start Path™ accelerator location in Dublin, Ireland, or an alternate remote program;
  • Six months of mentoring from a member of the MasterCard Open API executive team and the Start Path program team; and,
  • Free payment processing for up to US$250,000 in transactions for the first 12 months using Simplify Commerce.

While in California, all winning regional teams will also be awarded a MasterCard Priceless® Experience – Northern California to take place in Napa Valley and San Francisco.

The 2015 MasterCard Masters of Code competition kicked off with its first event in Sydney, Australia on February 7-8, followed by events in Hong Kong (March 21-22) and Singapore (March 25-26). Additional locations for the Masters of Code series include cities in Brazil, Canada, Israel, Turkey, the United Kingdom and the United States, among others.

For more information about the MasterCard Masters of Code competition including rules, judging criteria, prizes, etc., please visit www.MastersofCode.com.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardAP and @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

About AngelHack

AngelHack is the world’s largest and most diverse global hacker community, helping to drive open innovation of tech products, platforms and brands with extraordinary smarts, scale and speed.  Known as pioneers of global hackathons, for more than 3 years, AngelHack has partnered with corporate change-makers at Comcast NBCUniversal, Hasbro, IBM, and Hearst to run themed, global initiatives designed to rapidly get them ideas with market traction while helping them build relationships with the workforce of the future. Find out more at www.angelhack.com.

Contacts:

Gloria Lai, (852) 2533 9983, glai@webershandwick.com

Denize Chan, (852) 2533 9988, dchan@webershandwick.com