Pay10 was delighted to be the gold sponsor and exhibitor at the Global Fintech Fest, organized by the National Payments Corporation of India (NPCI), Payment Council of India (PCI), and Fintech Convergence Council (FCC). The hybrid event was a remarkable success hosted at the Jio World Convention Center in Mumbai from 19-22 September 2022. Our nascent FinTech organization felt highly enthused to exhibit at the event carving its own niche along with the industry stalwarts of the leading-edge, new-generation FinTech industry.

Finance Minister, Nirmala Sitharaman on the inaugural day of GFF 2022 encouraged the FinTech industry to engage with government and its agencies to augment trust. Also, elaborating on the RBI’s regulatory sandbox mechanism – she stated the structured and institutionalized framework would enable FinTech companies to test their new products and innovations before scaling them. The inauguration was followed by eventful and informative sessions on various dynamic facets of the FinTech industry.

Our CEO & Director, Mr. Jaideep Pawar was highly appreciative of Open Network for Digital Commerce (ONDC) initiative by the Government of India aimed at democratizing online trade by creating a digital marketplace that is inclusive of rural and semi-urban market players in the mainstream e-commerce sector. He emphasized on how Kirana stores play a key role in the initiative and how much it stands to gain and contribute with the increasing inclusivity in the digital economy of India.

Echoing the rhetoric, our COO – Ms. Shruti Kharbanda highlighted the compelling and immediate need for efficient technology and regulated systems that aid in the transition from automation to autonomous payment mechanism. She further elucidated on the key focus of Payment Solution Providers should be to help boost customer experience and build customer trust. She also advocated the need for effective biometric security and harmony between FinTech players to accelerate innovation in the burgeoning industry.

While Pay10’s leaders articulately expressed their insightful ideas and opinions to the FinTech industry of India at large, our sales team were engaged in a rewarding campaign to promote Pay10 and its contribution to enhance inclusivity of rural and urban regions alike with its cutting-edge technology and payment services. To know more about Pay10 and our services, please visit our website or reach out to us.