Global Fintech Fest 2024: Shaping Finance's Future

The Global Fintech Fest 2024, organized by the Payments Council of India, National Payments Corporation of India, and Fintech Convergence Council, will take place at the Jio World Convention Centre in Mumbai.

Global Fintech Fest 2024 Overview

Venue: Jio World Convention Centre in Mumbai between 28 to 30 August.
Theme: "Blueprint for the Next Decade of Finance: Responsible AI | Inclusive | Resilient"
Attendance: 800 experts including industry leaders, policymakers, regulators, bankers, and academics
Organized by: Payments Council of India (PCI), National Payments Corporation of India (NPCI), and Fintech Convergence Council (FCC)

Key features:

- Over 300 sessions including keynotes, panel discussions, and garage sessions
- GFF Expo showcasing cutting-edge fintech innovations
- Global Fintech Awards (GFA) recognizing exceptional contributions in fintech
Prime Minister Narendra Modi to speak at a special session highlighting fintech innovations
Industry growth: PM Modi noted $31 billion investment in fintech over the last 10 years, with 500% growth in startups

Fintech Industry Trends and Challenges

Rapid growth outpacing talent availability
G Padmanabhan (former RBI executive director) praised India's fintech space as best for investments due to:
- Available talent pool
- Innovation capacity
- Robust regulations

Key drivers of fintech growth in India:

- Cheap data
- Mobile phone proliferation
- Zero balance Jan Dhan bank accounts

Challenges:

- Hiring employable talent in a competitive market
- Keeping pace with rapid industry development

Focus areas:

- Digital payments
- Blockchain technology
- Financial inclusion
Emphasis on collaboration between fintech companies and traditional financial institutions

PM Modi's Additional Initiatives

Vadhvan Port Development:

- Location: Palghar, near Dahanu town
- Cost: ₹76,000 crores
- Purpose: Boost India's trade by improving access to international shipping routes

Fisheries Projects:

- 218 projects with a combined value of ₹1,560 crores
- Includes building fishing harbours and Integrated Aquaparks
- Introduction of new technologies like Recirculatory Aquaculture Systems and Biofloc

Vessel Communication and Support System:

- Developed by ISRO
- Cost: ₹360 crores
- Installation of one lakh transponders on motorized fishing boats across 13 coastal states and union territories
- Aim: Improve communication and efficiency for fishermen

EU Russian Gas Imports Ban

EU Russian gas imports have been a cornerstone of Europe's energy infrastructure for decades. However, following the Russia-Ukraine energy conflict that began with Russia's invasion of

113th International Labour Conference Highlights 2025

The 113th International Labour Conference, organized by the International Labour Organization (ILO), concluded on 13 June 2025 in Geneva. This significant global event brought together represe

UNFCCC Bonn Conference Highlights

The UNFCCC Bonn Conference 2025 commenced on June 16 in Bonn, Germany, with over 5,000 participants, including government officials, scientists, Indigenous leaders, and represe

Iran NPT Exit Explained

In a significant development on the global stage, Iran’s parliament is currently reviewing a bill that could lead to the country's withdrawal from the Nuclear Non-Proliferation Treaty (N

PM Modi's Cyprus Visit 2025

On June 16, 2025, Prime Minister Narendra Modi was honoured with Cyprus’s highest civilian award, the Grand Cross of the Order of Makarios III, during the landmark PM Modi Cyprus visit 2025.

Israel-Iran Conflict 2025

The Israel-Iran conflict in 2025 has become a defining moment in global geopolitics. The ongoing tensions have escalated into open military action, bringing the Middle East military escal

G7 Summit 2025 Agenda & Leaders

The G7 summit 2025 is one of the most awaited international events of the year, where world leaders from the seven most advanced economies gather to discuss global issues. For SSC aspirants, un

Tobacco Farming Statistics 2025

As per the latest tobacco farming statistics for 2025, India has emerged as the second-largest tobacco producer in the world, after China. According to FAOSTAT (United Nations Food and Agricult

World Environment Day 2025 Theme Revealed

World Environment Day 2025 will be observed on 5 June, and this year’s focus is on one of the planet’s most dangerous threats: plastic pollution. The World Environment Day 202

FCRA Rules for NGOs 2025

The Government of India has recently updated the FCRA rules for NGOs 2025, bringing significant changes that every aspirant preparing for SSC and other government exams must know. These new reg