Hult Prize: Students Pitch Digital Payments App To Tackle Global Refugee Crisis
A team of Hult International Business School students have leapt into the regional finals of the Hult Prize – the world’s largest student competition – with their idea for a digital payments platform specifically tailored for refugees.
Founded in 2009, the Hult Prize fosters the creation of for good, for profit businesses to tackle global issues. This year’s theme – ‘Refugees – Reawakening Human Potential’ – focuses on restoring the rights and dignity of the world’s 60 million-to-one billion refugees.
Gopi Bhudia, captain of the winning ‘Team Faeth,’ came up with the idea for the ‘E-Vacuate’ app on a trip to India. There, she was inspired by the trend of demonetization and the opportunity to take digital payments to rural consumers…
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