Mumbai: The Rising Fintech Capital

The Global Fintech Fest 2024 recognized Mumbai's significant role in the global fintech landscape. With strong support from the Indian government and industry leaders, Mumbai is poised to become the world's fintech capital. The city's robust infrastructure, high foreign investment, and innovative companies make it an ideal hub for financial technology.

Mumbai's ascent in the fintech world was spotlighted at the Global Fintech Fest 2024, where key figures from government and industry lauded the city's progress.

Union Minister Piyush Goyal emphasized the sector's contributions to India's roaring economic growth. Mumbai processes 46% of the world's digital payments, positioning it as a global leader.

With its advanced infrastructure and the presence of innovative firms like NPCI and Pine Labs, Mumbai is uniquely equipped to lead the global fintech revolution.

(With inputs from agencies.)