Vizag Fintech Festival is a self-sustainable Global Fintech Ecosystem that focuses on converging finance and technology to create large avenues of growth through industry-enablers, world-class infrastructure, entrepreneurship and innovation. The flagship initiative intends to bring together industry, academia, and investors to innovate, co-create, and build the fintech ecosystem, with the intent of making Visakhapatnam (Vizag) the fintech epicentre of the world and the Government of Andhra Pradesh (GoAP) is leaving no stone unturned to make this a reality.

Global financial service companies, government and academia will come together in this valley to build capacity, infrastructure, market access, connectivity, funding channels, and incentive mechanisms to achieve unmatched business goals and successes. Start-ups, financial Institutions, technology vendors, incubators/accelerators/innovation labs, and investors simultaneously contribute and thrive in this ecosystem at the speed of business.Strong, proactive policy level support from the government has been providing a much-needed boost to user adoption. Initiatives such as Jan Dhan Yojana, Aadhaar and the emergence of UPI provide a good foundation for FinTech companies to permeate ‘last mile’ touchpoints and boost financial inclusion across the country. The ‘Payments’ segment has been the most funded within the FinTech landscape, riding on the demonetization wave. However, banking technology solutions, including B2B products, are also experiencing strong growth and enabling financial institutions to create seamless solution delivery for end users. Despite significant reductions in incoming global investments in the FinTech space, the opportunity remains promising. Andhra Pradesh offers the largest unbanked or underbanked population, along with a strong technology and entrepreneurial ecosystem