· NPCI announces its collaboration with
APIX at the Global FinTech Fest 2020
· The partnership
will propel the growth of FinTech start-ups in a global marketplace
·
This partnership will promote financial innovation and bring in innovative
customized solutions in the digital payments ecosystem and accelerate financial
inclusion
· NPCI
partnered with APIX to conduct global Hackathons and publish its APIs in the
global APIX marketplace
National
Payments Corporation of India (NPCI) said that it has partnered with APIX, a
FinTech collaboration platform setup by AFIN, at the first-of-its-kind virtual
Global FinTech Fest 2020. As part of this partnership, NPCI will collaborate
with financial institutions as well as FinTech companies in the APIX network to
accelerate their digital growth and product journey. With this partnership,
NPCI also seeks to conduct multiple hackathons throughout the year on the APIX
platform and identify path-breaking FinTech solutions which can help scale up
the digital payments space.
NPCI has strived to help promote and grow the
FinTech ecosystem thereby encouraging FinTech revolution in the country. The
partnership with APIX is beneficial in two-ways. Firstly, APIX is a platform
which focuses on incubating innovations and extending support to growing
FinTechs, globally. This resonates with NPCI’s goal of democratising the access
of technological innovation to create a favourable environment for FinTechs to
thrive. Secondly, NPCI is exploring international expansion plans, and its
collaboration with APIX will pave way for global financial inclusivity.
Apart from FinTech Yatra, NPCI has always been on
the forefront in organizing accelerator programmes like Grand Challenge 2020
for start-ups, T-Hub FinTech Accelerator Programme, NPCI Hackathon and many
more. Recently NPCI with PCC and FCC organized the inaugural edition of Global
Fintech Fest that witnessed who’s who of global FinTech and BFSI sector. They
all came together at this world’s largest virtual event and shared their
insights on the evolution of fintech and technological innovation.
Arif Khan, CDO, NPCI said, “We are delighted to launch our
partnership with a versatile platform like APIX at the premier Global FinTech
Fest. At NPCI, we constantly focus on nurturing FinTechs and start-ups to
unleash their potential to truly re-define the digital payments ecosystem. We
believe the NPCI-APIX association will transform the payments industry and
provide a platform for developing ground-breaking innovative digital solutions.
Through our hackathons and other engagements on the platform we hope to act as
a catalyst to bring in significant technological change in the fast growing
BFSI and FinTech ecosystem and help create a digital tomorrow.”
Damien Pang, Deputy Chief FinTech Officer of the
Monetary Authority of Singapore and board member of AFIN, said, “We are excited to have NPCI join the
APIX platform. We look forward to working closely with NPCI to achieve our
common goals of driving financial innovation and inclusion for the global
FinTech ecosystem. With NPCI’s hackathons and APIs hosted on APIX, FinTechs
will have wider opportunities to solve real-world challenges in the financial
services space, and make a difference to cross-border payments.”
Mumbai – July 29, 2020