Union Minister Ashwini Vaishnaw kicks Off NITI Aayog’s Fintech Open Summit

NITI Aayog, in collaboration with PhonePe, AWS and EY, has organized a three-week-long virtual summit, ‘Fintech Open’, from 7–28 February. The summit was inaugurated by Union Minister for Railways, Communications, and Electronics and IT, Ashwini Vaishnaw in the presence of NITI Aayog Vice-Chairman Dr Rajiv Kumar. A first-of-its-kind initiative, Fintech Open will bring together regulators, fintech professionals and enthusiasts, industry leaders, the start-up community, and developers to collaborate, exchange ideas and innovate. The overarching theme of Fintech Month of NITI Aayog is ‘OPEN’.

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An open platform is created using public investment, wherein numerous private entrepreneurs, start-ups and developers can join to create new solutions. For example, today, 270 banks are connected with the UPI and many entrepreneurs and start-ups have provided solutions that have helped increase the country’s fintech adoption rate—which is the highest globally at 87%.’

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.