New Delhi: Over 20,000 delegates representing 3,500 unique companies and 115 countries will participate at the second edition of the Global FinTech Fest. About 300 global speakers from 35 countries will share their perspectives on various facets of fintech. It will be a platform for regulators, financial institutions, tech companies, governments, industry bodies, corporates and students to come together. It will also see several reports and product launches.
National Payments Council of India (NPCI) and Internet and Mobile Association of India [IAMAI], along with its sister organisations Payments Council of India (PCI) and Fintech Convergence Council (FCC), are jointly organising the virtual Global FinTech Festival (GFF) on 28 – 30 September 2021.
The Fest is presented by the Ministry of Electronics and Information Technology, Government of India and supported by NITI Aayog, Startup India and Invest India. The World Bank and United Nations Capital Development Fund (UNCDF) are the institutional partners of the summit. About 75 partners have collaborated for the summit, including Razorpay, AWS and Cashfree.
The key aim of the Global Fintech Fest is to sustain India’s leadership in digital payments and financial technologies, attract investors to Indian startup ecosystem and to explore the possibilities of globalisation of Indian fintech infrastructure and services. The Fest will hold discussions around various facets of fintech, including Fintech-led Digitisation, Digital Payments, Digital Insurance, Financial Inclusion, Building of Unicorns, etc.
India is rapidly emerging as the world’s top fintech hub, with the sector clocking the highest VC funding in the last one year in the APAC region. The current year has seen over 16 unicorns in India where 1 in 4 unicorns were from the fintech domain. The country with over 800 million smartphone and internet users is the most evolved society for fintech adoption in the world today. Over 3,000 fintech start-ups are thriving in India. The growth is partly driven by the availability of Sandboxes by three major regulators in domains of insurance, capital markets and by the Central Bank.