T-Hub Launches Fintech Accelerator Program in Partnership with DST and NPCI - Start-Up Hyderabad
Loading Startup Hyderabad

T-Hub Launches Fintech Accelerator Program in Partnership with DST and NPCI

 2 weeks ago    
  • DST powers the program, and T-Hub will source the most innovative fintech startups in the digital payment sector for NPCI
  • NPCI sets up an Innovation Lab at T-Hub
  • T-Hub will create multiple avenues for the fintech startups to market their solutions and scale with speed
  • Hyderabad/Mumbai, 26 November 2019: T-Hub, which leads India’s pioneering innovation ecosystem that powers next-generati

T-Hub, which leads India’s pioneering innovation ecosystem that powers next-generation products and new business models, today announced the launch of the Fintech Accelerator program as well as the NPCI’s txnnxt hub – an innovation lab at the premises of T-Hub. For this first edition of the program, T-Hub has partnered with DST (Department of Science and Technology) playing a pivotal role in the promotion of science and technology in the country and NPCI (National Payments Corporation of India) being the umbrella organisation for retail payments system in India. The Fintech Accelerator program, presented by DST as per its NIDHI (National Initiative for Developing and Harnessing Innovations) acceleration scheme, will be executed by T-Hub and NPCI to bring in scale-up opportunities for fintech startups with products and services for the digital payments sector.

Fintech Innovation

The call for applications for the Fintech Accelerator program will start on 26th November 2019 and will close on 5th Jan 2020. Interested startups, which are emerging in digital payments and allied sectors, can learn about the program offerings and apply at https://t-hub.co/fintech-innovation-accelerator/

T-Hub will help NPCI source the most innovative solutions that could help bring efficiencies to national-level payments platform. To promote innovation amongst the Indian fintech ecosystem, NPCI has launched revolutionary national-level payments platforms such as UPI, IMPS, and RuPay. Furthermore, NPCI has inaugurated its txnnxt hub at T-Hub to enable startups access the latest technological advancements in the digital payments. Experts from NPCI will organize seminars, workshops, mentoring sessions, and community events with a focus on training startups on product development in the fintech domain.

Ravi Narayan, CEO, T-Hub, said, “India has solidified its position as the world’s second-largest fintech hub, and startups have played a crucial role in changing the face of financial services of the country. The fintech space is expanding rapidly, and the digital payments segment in India is expected to reach $135.2 billion in 2023 from $64.8 billion this year. To fuel this growth, we will need more disruptive solutions for the sector and promote these innovations to corporates and banks. T-Hub is collaborating with NPCI in multiple ways to nurture fintech startups in the ecosystem through this Fintech Accelerator Program”

The Fintech Accelerator program is designed to enhance faster product development and scale-up of fintech startups that would be shortlisted to be part of the cohort. 

The cohort startups will get the following benefits:

  • Collaborate with NPCI, India’s leading organisation for retail payments.
  • Have access to NPCI retail payments APIs for product development.
  • Opportunity to pitch and work with the top-level management of NPCI.
  • Access to T-Hub’s network of mentors, industry experts, investors, service providers, community/ecosystem

Vishal Anand Kanvaty, Chief of Innovation at NPCI said, “We are glad to be associated with T-Hub and DST for the Fintech Accelerator program. This is NPCI’s yet another initiative towards providing the right platform to the innovative tech minds who are ready to disrupt the fintech space. Also, it gives me immense pleasure to launch our TxnNxt Hub in Hyderabad which will facilitate FinTech Startups to connect with NPCI’s ecosystem. We at NPCI are always committed towards inspiring fintech startups and recognizing their potential of delivering some great innovations in the future”.

Comments

comments

Saritha Keshamoni

Foodie, Hyderabadi, Music lover,Designer by Interest, s/w Engineer by Profession, Entrepreneur in Making, Cricket buff, Telanganite

OUR BLOGGERS

  • Saritha Keshamoni

    Saritha Keshamoni

  • Ramya Sayaboni

    Ramya Sayaboni

  • Bhavitaavya Dharanikota

    Bhavitaavya Dharanikota

  • Sruthi Malla

    Sruthi Malla

  • Ruchika Agarwal

    Ruchika Agarwal

  • Neeha Jayaram

    Neeha Jayaram

  • Avatar

    Sameeksha Bansal

  • Tata Teja

    Tata Teja

  • Rahul Das

    Rahul Das

  • Saloni Anand

    Saloni Anand

  • Srinivas Aki

    Srinivas Aki

  • Dhivya

    Dhivya

  • Soumalya Chakraborty

    Soumalya Chakraborty

  • Sravya Gowrisetty

    Sravya Gowrisetty

  • Avatar

    Madhureema RoyMoulik

  • Monika Guwalani

    Monika Guwalani

  • Ramesh Loganathan

    Ramesh Loganathan

  • Nischala Agnihotri

    Nischala Agnihotri

  • Varun Rastogi

    Varun Rastogi

  • Harshita Goel

    Harshita Goel

  • Nikita Kiran

    Nikita Kiran

  • Neha Mohsin

    Neha Mohsin

  • Shravani Maddirala

    Shravani Maddirala

  • Avatar

    Ankur Mehta

  • Maddy Anand

    Maddy Anand

  • Chandra Mouli Koduri

    Chandra Mouli Koduri

  • Ayyappa Nagubandi

    Ayyappa Nagubandi

  • Divya Jyothi

    Divya Jyothi

  • Saptarshi Roy Chaudhury

    Saptarshi Roy Chaudhury

  • Ayushi Pandey

    Ayushi Pandey

  • Avatar

    Surya Vallae

  • Amita Sood

    Amita Sood

  • Ambika Asta

    Ambika Asta

  • Sreekar Reddy

    Sreekar Reddy

  • Gunajit Haloi

    Gunajit Haloi

  • Vana Korrapati

    Vana Korrapati

  • Avatar

    Anish Tadimarri

  • Avatar

    Manoj Surya

  • Priyanka Mechineni

    Priyanka Mechineni

  • Ravi Vaka

    Ravi Vaka

  • Avatar

    Vineel Reddy Pindi

  • Vinita Surana

    Vinita Surana

  • GR Reddy

    GR Reddy

image title here

Some title