National Payments Corporation of India (NPCI) said that it has partnered with The Fintech Meetup for the second edition of ‘The FinTech Yatra’, a 10,000 km long epic road journey that aims to identify, understand and catalyze startups in the fintech ecosystem in India. The event, which was flagged-off by Ajay Prakash Sawhney, secretary, ministry of electronics and information technology (MeitY), looks for the next big fintech idea. The Yatra focuses on understanding the Indian fintech ecosystem and identifying the challenges faced by the fintechs and the potential opportunities for collaboration. Praveena Rai, COO, NPCI said NPCI is committed towards the mission of facilitating digital payments in India. ‘The FinTech Yatra’ is a yet another step towards providing the right and deserved platform to the innovative tech minds who are ready to disrupt the fintech space. The Fintech Yatra is visiting 19+ cities to facilitate over 1000 startups in building the fintech ecosystem. The focus of the program will be on payments, lending, insurance, financial inclusion and blockchain by targeting banks, NBFCs, fintechs and players in the area of financial inclusion. By the end of ‘The Fintech Yatra’ 2019, 10 Proof of Concepts are expected, which will be further incubated as part of The Annual Fintech Accelerator.
