World FinTech Day 2025 – August 1

Current Context: World FinTech Day 2025 was observed on August 1 to celebrate the transformative role of financial technology in modern banking and global finance.

Key Highlights:

• Commemorates the death anniversary of Cosimo de’ Medici (1464), regarded as the Father of Modern Banking.
• Focuses on innovation in digital banking, AI-powered finance, blockchain, and RegTech.
• India marked the day with major UPI rule changes, including early morning autopay processing and balance check limits.
• The Global FinTech Fest 2025, themed “Empowering Finance for a Better World, Powered by AI”, is scheduled for October in Mumbai.

Question:

Q.1 World FinTech Day 2025 was observed on which date?
a) July 31
b) August 1
c) August 3
d) August 5

Answer: b) World FinTech Day 2025 was observed on August 1 to highlight the impact of financial technology on banking and global finance.