India to host World's largest Virtual FinTech Fest

India to host World's largest Virtual FinTech Fest

Global FinTech Fest (GFF) will convene with over 25,000 attendees from over 115 countries to debate how global economies are being reshaped by fintech adoption.

India is progressively establishing itself as the world's leading fintech hub, with the sector attracting the most venture capital funding in the APAC region over the previous year. In the current year, India has produced around 16 unicorns, with 1 in every 4 unicorns hailing from the financial sector.

The event is sponsored by the Government of India's Ministry of Electronics and Information Technology and organised by the National Payments Council of India (NPCI) and the Internet and Mobile Association of India's Fintech Convergence Council (FCC) (IAMAI).

The valedictory session will be addressed by Shri Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Government of India. Shri Rajeev Chandrasekhar, Minister of State in the Government of India's Ministry of Skill Development and Entrepreneurship; Tobias Adrian, Financial Counsellor and Director, International Monetary Fund's Monetary and Capital Markets Department; Nikolay Storonsky, Founder & CEO, Revolut; and Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore.

India, with over 800 million smartphone and internet users, is the world's most advanced society in terms of fintech usage. In India, almost 3,000 fintech start-ups are thriving. The growth is being fueled in part by the availability of Sandboxes by three key regulators in the insurance, capital markets, and central banking sectors.

The second edition of GFF will feature over 300 speakers from 35 nations, up from 150 last year. The number of delegates is also increasing, up to 25K from 3,500 distinct companies, up from 12K last year. The three-day virtual event will have over 150 hours of programming and over 130+ sessions, as well as over 100 exhibitors and over 75 organisations and institutions.