Modi Praises India’s Fintech Industry

The fifth edition of the Global Fintech Fest (GFF) 2024 was held 28-30 August in Mumbai. It focused on the ‘Blueprint for the Next Decade of Finance: Responsible AI, Inclusive, Resilient’. The GFF is organised by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC).

According to estimates, India is among the top three countries globally in funding and deal volume, with nearly 11,000 fintech companies. The fintech sector has attracted around $6 billion in investments over the past two years.

This is a major event which attracts a wide range of stakeholders to discuss and showcase the future of fintech, underlined by the opening speaker, the Indian Prime Minister Narendra Modi.