Praise for India’s booming fintech scene at Rising Bharat Summit

March 20, 2024
1 min read


  • Visa CEO, Ryan Mcinerney, plans to invest in Generative AI sector and local fintechs in India.
  • Visa Inc is focusing on enhancing payment experiences and empowering small businesses.

In an exclusive interaction at the Rising Bharat Summit, Visa CEO, Ryan Mcinerney, announced plans to invest in the Generative AI sector and collaborate with local fintechs in India. Recognizing India as a hub for fintech innovation, Mcinerney highlighted the potential of QR code payments and expressed eagerness to work closely with the Indian market.

Visa Inc, a prominent American payment card services corporation, has been actively present in India for numerous years. Adapting to changing market dynamics, Visa is forming partnerships within India’s fintech and startup ecosystem to enhance payment experiences through Generative AI. The CEO emphasized the importance of compliance with India’s regulatory standards and praised the country’s role in fostering innovation, particularly in areas like tokenization.

Mcinerney also discussed the evolving narrative around fintech, highlighting the shift towards viewing fintech companies as potential partners rather than competitors. He mentioned the significance of IndiaStack, a set of APIs that enables the utilization of unique digital infrastructure in the digital economy, and the need for strong cybersecurity measures to combat rising cyber fraud and attacks.

The News18 Rising Bharat Summit, held in New Delhi, brought together thought leaders to explore India’s ascent as a global power. The event featured insightful discussions, thought-provoking panels, and visionary keynote addresses, shedding light on the country’s thriving fintech industry and its potential for growth.

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