Global Fintech Fest 2025
▪ Prime Minister Narendra Modi addressed the Global Fintech Fest 2025 in Mumbai on 9,
October.
About Fintech Sector
▪ Fintechs—short for financial technology—are companies that rely primarily on technology to
provide financial services.
▪ Fintech sector comprises Digital Payments, Alternative Lending (crowd funding), InsureTech,
Wealth Tech (investment platform) and Enabling Tech (services using AI, big data to support
fintech).
▪ India’s Fintech ecosystem is the 3rd largest in the world and growing at 14% CAGR.
