India's Finance Minister to be Chief Guest at World's Largest FinTech Fest

NEW DELHI,Sept. 28,2021 -- India's Finance Minister Smt Nirmala Sitharaman will be the ChiefGuest at the World's Largest Virtual FinTech Fest -- Global FinTech Fest (GFF),scheduledfor 28-30 September. Shri Piyush Goyal,Minister of Commerce & Industry,ConsumerAffairs & Food & Public Distribution and Textiles,Government of India,will address theValedictorySession on 30thSeptember. The event is presented by the Ministry of Electronics and Information Technology,and organised by National Payments Corporation of India(NPCI) andFintech Convergence Council (FCC) of Internet and Mobile Association of India (IAMAI).The World Bank and United Nations Capital Development Fund (UNCDF) are the institutional partners of the summit. It is expected to see 20,000 delegates from over 3,500 unique companies and over 115 countries. About 300 global speakers from 35 nations will share their perspectives on various facets of fintech.

India’s Finance Minister to be Chief Guest at World’s Largest FinTech Fest

GloballeadersfromIMF,TheWorldBank,UNCDF,includingIndia'skeypolicymakers,willconvergeat theFest.

Shri Rajeev Chandrasekhar,Minister of State in the Ministry of Skill Development andEntrepreneurship; and Ministry of Electronics and Information Technology,Government ofIndia; Tobias Adrian,Financial Counsellor and Director Monetary and Capital MarketsDepartment,International Monetary Fund; Lord Mayor William Russell; City of London;Sopnendu Mohanty,Chief Fintech Officer,Monetary Authority of Singapore; Dr OliverPrill,CEO,Tide; Pia Roman Tayag,Director,Office of the UNSGSA; Matthias Kroner,Co-Founder and Managing Director,Tradelite Solutions GmbH; Preeti Sinha,ExecutiveSecretary,United Nations Capital Development Fund;are some of the key speakers at thesummit.

Amongtheglobalcompanies,representativesofGoogle,Facebook,AmazonPay,areparticipating in the Fest that will discuss how globally the economies are being re-shaped byfintechadoption.

Over the past few years,India's fintech sector has emerged as one of the world's most activefintechmarkets.Amarketwherestartups,BigTechs,incumbents,andlargeconglomeratesarevying to get a piece off. In the last one year,the sector has clocked the highest VC funding inthe APAC region. The current year has seen over 16 unicorns in India where 1 in 4 unicornswerefrom thefintech domain.