Bhubaneswar, Sep 7 (Updated) : Odisha has created a conducive environment for fintech startups and businesses, offering incentives, promoting innovation, and attracting major players to the state, IT Minister Tusharkanti Behera said

Addressing the Global Fintech Festival 2023 at Mumbai on Wednesday, Behera said Odisha has launched several citizen welfare schemes, leveraging technology for the delivery of public services and financial assistance

The state’s financial inclusion, he claimed has been recognized nationally and internationally for schemes like Krushak Assistance for Livelihood and Income Augmentation (KALIA) and the Social Protection Delivery Platform (SPDP), which he said had offered cashless, paperless, and faceless access to social benefits and services.

The Minister outlined Odisha’s efforts to create a conducive environment for fintech startups and businesses, offering incentives, promoting innovation, and attracting major players to the state. This commitment has already yielded promising results, with several fintech startups making a mark nationally.

Odisha, Behera said, has a thriving Fintech ecosystem, and a rapidly growing economy adding that the state’s strong focus on technology and innovation had made it an ideal destination for fintech ventures.

The event was jointly organised by the National Payments Corporation of India (NPCI), the Payments Council of India (PCI), and the Fintech Convergence Council (FCC).

The Global Fintech Festival 2023 serves as a vital forum for fintech leaders to cultivate partnerships and chart a course for the future of the industry.

It is a platform that unites some of the brightest analytical minds in the fintech industry.

Over the past three years, the Global Fintech Festival has played a pivotal role in showcasing the multifaceted fintech ecosystem’s transformative potential and its capacity to drive sustainable global progress.

Behera said India stands among the world’s fastest-growing fintech markets, rivalling the United Kingdom in funding volume.