Noida’s 100-acre fintech park to eye financial services development – all details here 

Noida’s 100-acre fintech park to eye financial services development – all details here 

To strengthen the state’s economy and transform it into a prominent financial services hub, the Uttar Pradesh government has initiated the bidding process for a 100-acre fintech park in Noida.

Economic development agency Yamuna Expressway Industrial Development Authority (YEIDA) has released the request for proposal (RfP) document, seeking a feasibility study and detailed project report (DPR) for the upcoming project.

The coming of the Fintech empire

Positioned in Noida Sector 13, the fintech park is designed to offer infrastructure conducive to the expansion of financial services companies spanning the entire financial and allied value chain.The fintech park will come up in the vicinity of the under-construction Jewar International Airport which will commence operations in September 2024. It will facilitate stock exchanges, stock brokers, crowdfunding, angel funding, banking, insurance, digital money, digital economy, financial R&D, capital markets, etc. Additionally, the park will enable auxiliary amenities like hospitality, commercial spaces, data centers, shopping arcades, and more.

Fintech startups in Noida

At present, the Noida-Greater Noida region boasts approximately 240 operational fintech startups focusing on digital lending, payments, blockchain, and digital wealth management. Recognizable names among these startups include Pine Labs, Spice Money, Paytm Payments Bank, Advisorymandi.com, and others.

The UP government attributes the region’s appeal to startups and fintech companies to its world-class infrastructure, robust power supply, internet connectivity, and skilled workforce.

Notably, the Indian Institute of Management (IIM), Lucknow has partnered with the CFA Institute’s University Affiliation Program (UAP) to meet the demands of the fintech and investment sectors of the region. This collaboration aims to enhance students’ competencies in the financial and investment realms through high-caliber management education.