Global Fintech Fest 2026 Highlights India's Growing Role in Digital Finance
- IBEF
- September 10, 2026
India's expanding digital public infrastructure (DPI), interoperable payment systems and technology-driven financial services have strengthened its position as a major global fintech hub, with the seventh edition of the Global Fintech Fest (GFF), themed "Potential to Impact: Agentic AI | Tokenisation | Quantum," being held in Mumbai from 8 to 11 September. The event, organised by the Payments Council of India, National Payments Corporation of India and Fintech Convergence Council, with support from key regulators including RBI, SEBI, IFSCA and PFRDA, focuses on Agentic AI, tokenisation and quantum technologies shaping the future of finance. As of 26th August 2026, 59.15 crore Jan Dhan accounts had been opened, while Aadhaar enrolments crossed 144 crores by March 2026. UPI transactions reached 2,450.9 crore in August 2026, with July 2026 alone recording 2,365.8 crore transactions worth Rs. 29.88 lakh crore (US$ 314.59 billion), and 741 banks live on the platform.
Aadhaar e-KYC had processed more than 2,458 crore transactions as of 29th June 2026, while DigiLocker had over 73.53 crore registered users and issued 936.03 crore documents. Cumulative Direct Benefit Transfer (DBT) reached Rs. 53.26 lakh crore (US$ 558.02 billion) as of September 2026. The Open Network for Digital Commerce had more than 20 crore buyers and 5 lakh sellers across over 1,000 cities by June 2026. Regulatory measures supporting this ecosystem include the RBI's Self-Regulatory Organisation framework, Digital Payment Security Controls, the Digital Personal Data Protection Act 2023, and the Regulatory Sandbox framework, with the sector's next phase expected to focus on technological self-reliance and inclusive digital finance.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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