India, February 17, 2020- India FinTech Festival (IFF), the country’s largest
fintech event is slated to be held in Mumbai on the 04th and 05th
of March, 2020. The event is being organized by eminent bodies like Mumbai
Fintech Hub (Government of Maharashtra), Ministry of Electronics and
Information Technology (MeitY), National Payments Corporation of India (NPCI)
and the Fintech Convergence Council (FCC).
|A moment during Pune Roadshow|
mega event will offer an unrivalled platform to more than 200 leading BFSI and
fintech companies across the country to launch their new product offerings /
services. IFF 2020 is open for registrations and is witnessing tremendous
participation from cities in India and across the globe such as – New York,
Singapore, Delhi, Hyderabad, Bengaluru, Mumbai, Pune, and Chennai among others.
India and abroad inclusive of – New York, Delhi, Bengaluru, Hyderabad and Pune.
The roadshows witnessed a strong turnout and saw 100 plus companies attending
with participation from startup founders, government bodies, investors and
delegates across the fintech ecosystem.
Vikram Vaidyanathan – Managing Director, Matrix Partners, Lizzie Chapman –
Founder, ZestMoney Gaurav Hinduja, Co-founder and MD, Capital Float, Pankaj
Gupta – Sr. Director of Engineering at Google Pay, Nikhil Kumar – Founder, SETU,
Satyam Kumar, CEO, LoanTap, Akshay Mehrotra, CEO, Early Salary and Anurag
Sinha, Co-Founder and CEO, FPL Technologies.
100+ speakers, 5000+ attendees, 25+ participating countries, IFF 2020 will
undoubtedly be the biggest fintech event in the country. The event is supported
by World Bank, UNCDF (United Nations Capital Development Fund), NITI Aayog, Department
of Financial Services, Invest India and Digital India.
aims to showcase the contribution of Indian startup community and fintech ecosystem
in paving the path to India’s $5 trillion economy goal.
NPCI said, “NPCI is happy to be associated with India FinTech Festival. The
platform will provide opportunity to all ecosystem participants, government
bodies, regulators, banks and fintech startups to accelerate the transformation
of India into a digitally empowered and less cash economy. It was exciting to see the overwhelming
response from the audience at various roadshows. Industry experts came together
to engage in a meaningful discussion on how the fintech industry in India is
instrumental in catalyzing the overall innovation ecosystem.”
scale of IFF being held for the first time is a true testimony to how far we
have come in the fintech space. This is a great opportunity for us to showcase
our strengths while attracting investments and partnerships. The advent of smartphones
and high-speed internet has led to this exciting time for India fintech that
can be seen in terms of fintech adoption and collaboration between the key fintech
stakeholders. We aim to drive B2C as well as enterprise solutions and foster a
community of innovative startups that boost disruption in the fintech space and
take India to global leadership in the fintech ecosystem.”
the past few years, the focus in the industry has been on scaling, which has
now slowly been moving towards sustainable growth. However, the challenge of
value erosion remains – faced with over-incentivisation. It is therefore integral
for the sector to concentrate on value creation. Fintech is a business of
trust, and thus it is critical to nurture the internal resilience to ride out
the cycles faced by startups.”
transforming at a dizzying speed. Instant gratification is the crux that has
accelerated mobile digital payments in India. Communication is a key component
to further drive the digital initiative and effectively mining content
marketing will upscale the nascent space that the country is currently in. Therefore
the startup ecosystem has recognized the vast potential in India’s diversity
and vernacular regions thus put a lot of emphasis on developing a user-friendly
interface. A combination of perseverance, tenacity and clear communication to
simplify financial products for the population is required to magnify the reach
and penetration of fintech across the country.