Common use of The Challenges Clause in Contracts

The Challenges. The Product/Solution should solve business challenges for one of the following three areas within the payment landscape in Bulgaria or Greece: ● Challenge #1: Advancing Next-Gen Payment experiences ● Challenge #2: Empowering SMEs ● Challenge #3: Unlocking new payment flows ● Challenge #4: Building a smart and sustainable future ● Phase 1: 20 Jan - 14 March: Applications submission and invitation by the Organizer/ Visa ● Phase 2: Review and Selection ○ 14 March - 31 March 2022 - Program fintechs review and shortlisting ○ 7 April 2022 – Selection Day ○ 14 April 2022 – Kick Off ● Phase 3: Main Program Curriculum and PoC Support ○ May 2022 - October 2022 - Discovery Days, Design Sprints, Work with Mentors, Experts, Clients and PoC Partners, PoC Support ● Phase 4: November 2022 - Demo Day The timelines above are indicative and the Organizer reserves the right to amend or modify the Program calendar if the circumstances require such changes. In such a case, the amendment or modification of the Program will be published on the Website.

The Challenges. The Product/Solution should solve business challenges for one of the following three areas within the payment landscape in Bulgaria or Greece: ● Challenge #1: Advancing Next-Gen Payment experiences Empowering SMEs ● Challenge #2: Empowering SMEs Unlocking New Payment Flows ● Challenge #3: Unlocking new payment flows Designing next-gen payments experience ● Challenge #4: Building a smart and sustainable future smarter cities ● Phase 1: 20 Jan 22 March - 14 March: 15 April 2021 - Applications submission and invitation by the Organizer/ Visa ● Phase 2: Review and Selection ○ 14 March 15 April - 31 March 2022 22 April 2021 - Program fintechs review and shortlisting ○ 7 26 April 2022 2021 – Selection Day ○ 14 April 2022 May 2021 – Kick Off ● Phase 3: Main Program Curriculum and PoC Support ○ May 2022 2020 - October 2022 August 2020 - Discovery Days, Design Sprints, Work with Mentors, Experts, Clients and PoC Partners, . ○ September 2020 - November 2020 - PoC Support ● Phase 4: November 2022 2021 - Demo Day The timelines above are indicative and the Organizer reserves the right to amend or modify the Program calendar if the circumstances require such changes. In such a case, the amendment or modification of the Program will be published on the Website.