NPCI is focused on bringing innovations in the retail payment systems through use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.
Payments Council of India was formed under the aegis of Internet and Mobile Association of India (IAMAI) in the year 2013 catering to the needs of the digital payment industry. The Council was formed inter-alia for the purposes of representing the various regulated non-banking payment industry players, to address and help resolve various industry level issues and barriers which require discussion and action. The council works with all its members to promote payments industry growth and to support our national goal of ‘Cash to Less Cash Society’ and ‘Growth of Financial Inclusion’ which is also the Vision Shared by the RBI and Government of India. PCI works closely with the regulators i.e. Reserve Bank of India (RBI), Finance Ministry and any similar government, departments, bodies or Institution to make ‘India a less cash society’.
Fintech Convergence Council (FCC) after successfully hosting the largest Virtual Fintech Conference - Global Fintech Fest in the month of July 2020, and partnered with the Monetary Authority of Singapore (MAS) as Global Satellite Event Partner for Singapore Fintech Festival (SFF)2020 to host the India leg of Singapore Fintech Festival (SFF). The India Leg of Singapore Fintech Fest (SFF) was organized by FCC and UNCDF jointly.
Fintech Convergence Council (FCC) represents the Fintech industry and traditional companies in the BFSI space. The purpose of the council is to encourage collaboration, seek complementarities and build synergy between leading BFSI companies and the emerging Fintech start-ups. The council has worked towards interpreting the regulatory and legal framework, aggregating the concerns and feedback of the various players within the larger Fintech community, communicating it to regulators and lawmakers, and organizing events and gatherings for the industry participants to meet, share ideas and work together in the interest of creating a safer, more open and more collaborative operating environment through a transparent forum. The vision of the council is to “To proactively work towards growth of Fintech and penetration of financial services to support our national goal of financial inclusion, moving towards a digitally empowered country.”
It has been the endeavor of FCC to showcase India's Fintech landscape to the world, and no better platform than the Singapore Fintech Festival. The agenda brought together who from the Indian Financial space over the 5 day event. The line up of events also included a curated session matching Indian start-ups with global investors. The Deal Friday platform provided a unique opportunity to early-stage Fintech start-ups from India to pitch and have one on one meetings with a broad spectrum of investors looking for investment opportunities in India.