A New Era for Fintech: PM Modi’s Vision for Mumbai
Prime Minister Narendra Modi has set an ambitious goal of transforming Mumbai into the world's fintech capital. This vision resonates with many startups who believe Mumbai's proximity to the financial market and regulators gives it a significant advantage[1].
Mumbai's Fintech Potential
Mumbai is already the fintech capital of India, with 42% of the top 50 fintechs housed in the city. It is also a prominent global financial hub, making it well-positioned to become the world's fintech capital[1][2].
Fintech firms believe the launch of multiple investment projects worth Rs 29,396 crore will give Mumbai a head start in attracting both established businesses and startups within the fintech sector[2]. The city's robust financial services sector and vibrant tech ecosystem pro...