India, Jan. 31 -- Around 60 entities have registered as fintechs or techfins in GIFT-IFSC as of September 2024, according to the Economic Survey 2024-25 tabled by the union finance minister Nirmala Sitharaman in the Parliament today (January 31).

To affirm its commitment towards innovation, International Financial Services Centres Authority (IFSCA) conducted 13 hackathons and received 152 applications from 14 jurisdictions under its fintech entity framework, the survey said.

With the GIFT (Gujarat International Finance Tec) City decking up to embrace the flourishing fintech industries, tech giants Infosys and Wipro were said to be among the first Indian software companies to roll out their fintech hubs in the GIFT City, as per reports f...