Noida: The Yamuna Expressway Industrial Development Authority (YEIDA) has extended the deadline for applications for its proposed 500-acre FinTech hub in Sector 11 near the Noida International Airport to April 29, from the earlier April 2 cut-off.Shailendra Bhatia, additional CEO of the authority, said the bid schedule was revised in view of an upcoming financial summit that is expected to draw global investors and industry stakeholders. “Earlier, the bid due date was April 2 and opening of technical bid was April 6. We have revised it to April 29 and May 1. This is because a financial summit, Money Alpha 360°, focusing on finance, investments, wealth management, fintech, payments, etc. is scheduled on April 24-25 at India Expo Center and Mart in Greater Noida. A number of investors, institutions, traders, wealth managers, technology innovators and fintech founders are expected to attend this event. The Authority will also promote its Fintech City in the program and hope more applicants will come for this project,” he said.The proposed hub will house core financial services, transaction processing centres, IT and digital services, and customer support operations.According to the expression of interest (EOI), developers will be allowed to build corporate offices, conference facilities, auditoriums, cultural and information centres, kiosks, health clubs and other support infrastructure. The hub is expected to promote IT/ITeS companies, start-ups and innovation-driven enterprises engaged in digital banking, app-based lending, electronic payment systems, insurance technology and international money transfers.
