THE Global FinTech Festival 2024 ended on August 30 with a speech by Prime Minister Narendra Modi. He praised the role of the fintech industry in the digitalization of economy and further encouraged innovation in the sector. The event coincided with the 10th anniversary of the Prime Minister Jan Dhan Yojana (PMJDY), which PM Modi highlighted as a significant achievement in financial inclusionThere are now over 530 million PMJDY accounts, each with an average balance of over Rs 4,300.
Addressing the gathering, the Prime Minister said the country’s economy and markets were in a celebratory mood at a time when the country was also going through a celebratory period and the organization of the Global Fintech Fest was taking place. takes place in the city of dreams. Bombay.
“Over the past 10 years, the industry has received a record investment of more than $31 billion and experienced startup growth of 500 percent,” he highlighted, highlighting affordable mobile phones. , cheap data and Jan Dhan bank accounts starting with zero balance. for causing a revolution. “Today, the total number of broadband users in the country has increased from 60 million to 940 million,” PM Modi said.
Addressing the gathering, the Prime Minister said the country’s economy and markets were in a celebratory mood at a time when the country was also going through a celebratory period and the organization of the Global Fintech Fest was taking place. takes place in the city of dreams. Bombay.
“Over the past 10 years, the industry has received a record investment of more than $31 billion and experienced startup growth of 500 percent,” he highlighted, highlighting affordable mobile phones. , cheap data and Jan Dhan bank accounts starting with zero balance. for causing a revolution. “Today, the total number of broadband users in the country has increased from 60 million to 940 million,” PM Modi said.
During the event, Pay Point India Network Pvt. Ltd. received the Best Business Correspondent Award by the Payments Council of India. Pay Point India has opened millions of PMJDY accounts and facilitated the distribution of social service programs like Atal Pension Yojana and PM Jeevan Jyoti Bima Yojana.
The three-day event attracted participants from government, regulators and global industry leaders. It included speeches, discussions and presentations of technological innovations in the fields of finance and technology.