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Showing posts with label Chennai. Show all posts
Showing posts with label Chennai. Show all posts

Thursday, September 10, 2026

Citizen Observation 42 of 777 | Global Fintech Fest | What If the Fest Travelled Every Alternate Year?

 Published on 4th September 2026

Nayakanti Prashant
3rd Gen Banker & Citizen Lobbyist – Bengaluru

https://in.linkedin.com/in/prashantnayakanti

 

The Intro

Open LinkedIn today or any Finance News Channel

Mumbai seems to have become a fintech newsroom.

Post after post.

GFF.

Fintech.

Payments.

AI.

Tokenisation.

Quantum.

Startups.

Regulators.

Investors.

And somewhere behind all those posts is one city:

Mumbai.

Bandra Kurla Complex.

Jio World Centre.

Trident BKC.

The financial capital.

The familiar home of the Global Fintech Fest.

And I started wondering from Bengaluru:

What if, every alternate year, GFF travelled to another Indian city?

Not permanently.

Not instead of Mumbai.

Just every alternate year.


A Little History

GFF began in 2020, with its early editions shaped by the virtual format of the pandemic period. The GFF website maintains archives going back to 2020. (Global Fintech Fest)

By 2022, GFF had a physical edition at the Jio World Convention Centre in Mumbai, alongside its virtual component. (Global Fintech Fest)

And GFF 2023 was described by the organisers as its second physical edition, again at the Jio World Convention Centre, Mumbai. (Global Fintech Fest)

Today, GFF 2026 is being held from 8–11 September at Jio World Centre and Trident BKC, Mumbai. (Global Fintech Fest)

Mumbai has clearly become its home.

Perhaps now comes a different question.

 

Act I — Mumbai Has Earned Its Place

There is something special about GFF in Mumbai.

From BKC to Nariman Point.

From the BSE to the NSE.

From Fort to Lower Parel.

From Powai to Andheri.

From the airport to the conference halls.

Mumbai already speaks the language of finance.

And GFF has grown here.

Today, it brings together policymakers, regulators, central bankers, financial institutions, technology companies, startups and investors from across the world. (Global Fintech Fest)

So I am not suggesting:

Move GFF out of Mumbai.

Mumbai has earned its place.

I am wondering about something else.

What if GFF stayed in Mumbai every alternate year — and, in the year between, travelled to another Indian city?

Not a replacement.

A rotation.

 

Act II — The Year Between

Imagine the next GFF.

Not in Mumbai.

In Bengaluru.

MG Road.

Koramangala.

Indiranagar.

Whitefield.

Electronic City.

Startup founders arriving.

Bankers arriving.

Investors arriving.

Fintech enthusiasts arriving.

The GFF signs appearing across the city.

And the year after that?

Mumbai again.

Then perhaps:

Hyderabad.

HITEC City.

Gachibowli.

Financial District.

Then Mumbai again.

Then Chennai.

Guindy.

Taramani.

OMR.

Then Mumbai.

Then Pune.

Ahmedabad.

Kochi.

Delhi–NCR.

Bhubaneswar.

Jaipur.

Different cities.

Different fintech communities.

One GFF.

Every alternate year, another city gets its turn.

 

Act III — A City Should Not Have To Do It Alone – A State Partner

Of course, moving a global event is not simply about choosing a convention centre.

There is travel.

Hotels.

Airport connectivity.

Local transport.

Security.

Venues.

Digital infrastructure.

State and local administration.

Business ecosystem.

Volunteers.

Hospitality.

And hundreds of small things that nobody notices when they work perfectly.

So perhaps, whenever GFF travels outside Mumbai, there could be something else:

A Partner State.

Imagine:

GFF 2028 — Bengaluru, Karnataka.

with the Government of Karnataka as the Partner State.

Or:

GFF 2030 — Hyderabad, Telangana.

Or:

GFF 2032 — Chennai, Tamil Nadu.

The exact model?

I leave that entirely to the GFF organisers.

The thought is simply that the host state becomes part of the journey — particularly around the logistics required to make a global event work smoothly.

Because GFF would not merely be coming to a city.

The city and the state would be welcoming GFF.


The Whiteboard

EVERY ALTERNATE YEAR, CAN GFF TRAVEL BEYOND MUMBAI?

Nothing More. Nothing Less.


The Citizen Observation

India's fintech story is no longer confined to one geography.

It is visible in Bengaluru.

Hyderabad.

Chennai.

Pune.

Ahmedabad.

Kochi.

Delhi.

Gurugram.

Jaipur.

Bhubaneswar.

And countless other places.

People in these cities are not merely watching fintech happen.

They are building it.

Using it.

Funding it.

Regulating it.

Researching it.

And talking about it.

Perhaps they should get to experience the joy of GFF in their own city too.

Not every year.

Not as a replacement for Mumbai.

Just:

Mumbai one year.
Another Indian city the next.
Mumbai again.
Another city again.

A rhythm.

A rotation.

A journey.

 

Closing Thought

GFF started in 2020.

It evolved through virtual and physical formats.

And today, in 2026, it has become a major global fintech gathering in Mumbai. (Global Fintech Fest)

Perhaps the next evolution doesn't have to be another technology.

Perhaps it could simply be geography.

Because India's fintech story has many addresses.

Maybe the Global Fintech Fest can have more than one.

Mumbai gave GFF a home.
Perhaps India can give GFF a journey.


April 11 - Digital Transactions Day

April 11 – The start of UPI

Digital Transactions Day is about looking beyond the transaction.

Sometimes, the larger opportunity is to ask:

Can a digital ecosystem become more accessible by taking the experience closer to people?

GFF already connects the world with India's fintech ecosystem.

Perhaps, every alternate year, it could also connect India's fintech cities with GFF.


Disclaimer

This Citizen Observation is a personal suggestion based on publicly available information about the Global Fintech Fest and its evolution since 2020.

It does not prescribe a venue, city, host-state arrangement, funding model, logistics model, or implementation mechanism.

The choice of venue, city, partner state, format and operational model rests entirely with the GFF organisers and relevant stakeholders.

Citizen suggestion only.

Copyrights, if, any belong to the original copyright holders only.

 

The Joy of Digital Transactions

Nayakanti Prashant
3rd Gen Banker & Citizen Lobbyist – Bengaluru
Advocating Digital Transactions Day (April 11)

Author’s Blogs

https://prashantrandomthoughts.blogspot.com
https://prashantnepayments.blogspot.com
https://innovationinbanking.blogspot.com

 

 

 

 


Tuesday, August 16, 2022

Chennai Metro Tickets – Please onboard NPCI UPI BHIM

Chennai Metro Tickets – Please onboard NPCI UPI BHIM

          The major inspiration for this post is Prime Minister Shri Narendra Modi highlighting ‘NPCI UPI BHIM’, in his Independence Day speech to the world.



The minor inspiration for this post is the Chennai Metro Press Release dt 03/08/2022, under the tag line of “No more Q, only QR”

          The complete press release can be read @ https://chennaimetrorail.org/wp-content/uploads/2022/08/Press-Release-03.08.2022-English.pdf

          A metro train journey starts with the visitor purchasing a ticket for the metro journey.

          More than 50,00,000/- passengers travelled on Chennai Metro in July 2022. This means 50lacs + folks had to buy tickets via the single travel mode or Smart Card to travel in the Chennai Metro.

          Chennai Metro is taking various steps to reduce the rush at its ticket counters. The visitors have multiple channels to book tickets for travel on the Chennai Metro both physical and digital.

          Somehow the preference is towards the physical tickets only. Physical tickets put a stress both on the visitors and the ticketing staff.

          A new option i.e “No more Q, only QR” has also been introduced by Chennai Metro to enhance the customer experience.

          This is particularly useful for visitors having mobile net connectivity but have not downloaded the Chennai Metro App.

          To further enhance the customer experience, Chennai Metro can explore tie-ups with NPCI UPI BHIM.

          It can take the lead for a Ticketing Module on the NPCI UPI BHIM. A similar payment channel for few other Metros is already live on PhonePe. So, a new development from scratch is not required. Only few tweaks may be required to operationalise the ticketing facility on NPCI UPI BHIM.

          The smart cards are beneficial to frequent travellers on the metro route. This are not suitable for visitors for Chennai wishing to explore Chennai via its wonderful Metro.

          The ‘Tap a Debit Card’, feature is yet to take off, as there are very few cards enabled with the NCMC facility.



          The following benefits are foreseen with Chennai Metro onboarding NPCI UPI BHIM :-

Benefit 01) Minimal technical integration required between the BHIM and Chennai Metro Ticketing systems. Under the “No more Q, only QR” mode, the passengers need to have net connectivity on their phones to complete the ticketing process. This means customers can also login to NPCI UPI BHIM to complete the ticketing experience.

Benefit 02) Volumes will increase on the BHIM platform. The Chennai Metro travellers may prefer to do their other UPI transactions via BHIM, once they are comfortable with the metro ticketing experience.

Benefit 03) A small addition to the overall UPI volumes. The ticket size of Chennai Metro is below INR100/-. Hence, the preferred payment option will be UPI over other modes viz net banking / credit card / debit card

Benefit 04) The travel card recharge option can also be part of the proposed BHIM Chennai Ticket Module. Other modules, like tourist cards can also be explored. The Chennai Metro parking charges for 2 and 4 wheelers can also be collected through the ‘BHIM Chennai Ticket Module’.

 

Challenges: Minimal challenges as NPCI UPI BHIM is backed by Banks and Governments.

The QR ticket so generated can automatically be downloaded into the Mobile used for ticket booking.

In case, the metro ticket is being booked for other folks, the metro ticket can be shared via WhatsApp.

Any security features for a seamless experience can be built into the Ticket interface module.

 

Additional Reading:

Chennai Metro Parking Tariff @ https://chennaimetrorail.org/wp-content/uploads/2022/06/Parking-tariff-Updated.pdf

 

Rewarded with gifts will be given to ticketing staff who sell the most number of Metro travel cards at Chennai Metro Rail stations @

https://chennaimetrorail.org/wp-content/uploads/2022/08/Press-Release-30.07.2022-English.pdf

Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing More – Nothing Less.

Copyrights belong to the original owner only. 

 


Friday, November 26, 2010

5 significant features of Cheque Truncation System - Chennai


5 significant features of Cheque Truncation System - Chennai
RBI  in its Second Quarter Review of Monetary Policy 2010-11 released on 2nd November, 2001, indicated that the next phase of Cheque Truncation System, will be rolled out by March 2011 in Chennai.

The Chennai CTS will be Grid Based covering the clearing houses in the other cities of Tamil Nadu and the adjoining states of Kerala and Karnataka. Not sure, why Andhra Pradesh has been left out.

In this connection, NPCI has released the FAQ’s.


The highlights are: -
01)It will be grid based

02)RBI will manage the Chennai Banker’s Clearing House (CBCH)

03)NPCI will act as a Cheque Processing Centre (CPC). NPCI  will process electronic cheques and images received from member banks.

04)There can be four types of participants in CBCH viz: -
i. Member banks of the CBCH
ii. Sub Member banks who will participate through members
iii. Indirect members who can participate for submission of data and images through a Member bank but will maintain a separate settlement account.
iv. Banks not present in CBCH but having presence in other cities when Grid is introduced (to be finalized in consultation with RBI). They can participate through sub membership or indirect membership route.

5. There will be common disaster recovery (DR) arrangements for both New Delhi and Chennai CTS operations.



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Disclaimer

The thoughts in this BLOG are personal, and reflect only my view on the subject.
This are not the views of my Employers.
All images, logos rights rest with the Original TitleHolders

All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant