Pay Point India Network Pvt. Ltd. Recognized as Best Business Correspondent at Global Fintech Fest

Each month, Pay Point India serves the banking and payment needs of over 10 million underprivileged individuals, playing a pivotal role in the national drive towards financial inclusion. The company’s efforts underscore the impact that effective financial outreach can have on the lives of those who have traditionally been left outside the formal banking system.

The three-day Global Fintech Fest not only recognized achievements in the industry but also provided a platform for extensive knowledge sharing and the showcasing of cutting-edge technological innovations, further solidifying the event’s status as a cornerstone of the global fintech calendar.

“A big thank you to everyone who joined us for the insightful panel discussion on ‘BCs for Digital and Phygital Lending; together, we’re shaping the future of financial services in India” said Ketan Doshi, Managing Director of Pay Point.

In his closing address, Prime Minister Narendra Modi emphasized the fintech industry’s contributions to the digitalization of finance and urged continued innovation in the sector. The event coincided with the 10th anniversary of the PM Jan Dhan Yojana (PMJDY), a landmark initiative aimed at enhancing financial inclusion across India. The Prime Minister noted the success of the PMJDY, which has led to the creation of over 530 million accounts, each maintaining an average balance exceeding Rs. 4,300. He acknowledged the relentless efforts of banks and Business Correspondents in making this achievement possible.

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