News: FNB and PayPal launch competition

First National Bank (FNB) and PayPal announced a new competition to award developers who create innovative applications using PayPal’s payment platform.

The local winner of the FNB and PayPal X Award will receive a trip to the US to attend PayPal’s 2nd annual Innovate Conference, which is taking place between 26-27 October. The prize will include airfare, accommodation, meals, conference costs, visa expenses as well as the insurance, amounting to about $10 000 (over R76 000).

The winning developers will also be entered into PayPal’s X Developer Challenge and could receive an award totalling up to $100 000 (about R760 000) in prizes.

In order to qualify for the competition you have to log on to x.com and register for the PayPal X Developer Challenge. All the developers that register by 4 August 2010 at 11:59 p.m. will also stand a chance of winning one of ten iPads.

“The first FNB and PayPal X Award seeks to reward South Africa’s entrepreneurial spirit and jump start local innovation and new business ventures,” said Chris Savides, general manager at FNB Complementary Online Services.

“PayPal has always stood for innovation in payments,” said Oded Zehavi, regional director of PayPal Israel and South Africa. “We are excited to partner with FNB to encourage developers to build their dream apps and make payments safer and easier for people in South Africa.”

FNB and PayPal launch competition

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