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Sixth Edition of Global Fintech Fest (GFF 2025) Held in Mumbai Showcasing AI-Powered Financial Innovations.

Economy Business | Dated: 13 Oct 2025

The sixth edition of the Global Fintech Fest (GFF 2025) was held from October 7 to 9, 2025, at the Jio World Convention Centre and the Nita Mukesh Ambani Cultural Centre (NMACC) in Mumbai, Maharashtra. The event brought together global leaders, regulators, and innovators to discuss the transformation of the financial ecosystem through Artificial Intelligence (AI).

🎯 Key Highlights:

  • - The event was jointly organized by the Payments Council of India (PCI), National Payments Corporation of India (NPCI), and Fintech Convergence Council (FCC). The theme of GFF 2025 was “Empowering Finance for a Better World Powered by AI: Augmented Intelligence | Innovation | Inclusion”, emphasizing AI’s role in building inclusive and intelligent financial systems.
  • - Union Finance Minister Nirmala Sitharaman, representing the Ministry of Finance (MoF), participated in the inaugural session. Prime Minister Narendra Modi and the United Kingdom (UK) Prime Minister Keir Starmer delivered keynote addresses highlighting global collaboration in fintech innovation and digital transformation.
  • - Union Finance Minister Nirmala Sitharaman launched the Foreign Currency Settlement System (FCSS) at the International Financial Services Centre (IFSC) located in Gujarat International Finance Tec-City (GIFT City). This initiative aims to strengthen India’s position as a global financial hub by simplifying cross-border forex settlements.

💡 Other Important Facts:

  • (i) The RBI introduced four new digital payment initiatives—UPI Help, Internet of Things (IoT) Payments with UPI, Banking Connect, and Reserve Pay—marking a significant step toward enhancing digital financial inclusion and promoting technological advancement in the payments ecosystem.
  • (ii) The Indian financial services company Navi launched a revolutionary biometric payment system through its Navi UPI app. It became India’s first UPI application to enable large-scale biometric-based payments, allowing users to authenticate transactions using fingerprints or facial recognition instead of traditional UPI PINs.
  • (iii) HDFC Bank introduced the “My Business Quick Response (QR)” solution powered by Vyaparify to help small entrepreneurs create their first commerce identity. Additionally, HDFC launched the “Pitch for Business” initiative, providing a platform for startups and innovators to showcase their ideas and access funding opportunities within the fintech ecosystem.

📚 Test Your Knowledge:

Where was the sixth edition of the Global Fintech Fest (GFF 2025) recently held?

Correct Answer: Mumbai

🚀 Quick Recap:

About National Payments Corporation of India (NPCI):

  • Managing Director (MD) and Chief Executive Officer (CEO) : Dilip Asbe
  • Headquarter : Mumbai