Asian Development Bank’s Fintech Hub at GIFT City
<span style="font-weight: 400;">The Asian Development Bank (ADB) is in talks with the GIFT City authorities for setting up a fintech hub. The multilateral agency may infuse initial funding of about Rs1,000 crore towards skill development, new technologies and resource mobilization.</span> <span s
Published -
Feb 5, 2021 4:22 AM
The Asian Development Bank (ADB) is in talks with the GIFT City authorities for setting up a fintech hub. The multilateral agency may infuse initial funding of about Rs1,000 crore towards skill development, new technologies and resource mobilization. While details of the budget proposal to establish a fintech hub at the GIFT City are awaited, fintech players feel it is pertinent to create more such hubs for the country’s fintech companies to grow. “We are looking to develop the proposed fintech hub as a crucial facilitator for the fast-growing fintech industry,” said Tapan Ray, managing director at GIFT City.
Tags : News/Views GIFT City Asian Development Bank Fintech Hub