Committees
Banking, Financial Services & Insurance Committee
India has emerged as the world’s largest real-time digital payments ecosystem and one of the fastest-growing markets for fintech and insurance. Accounting for nearly 49% of global digital transactions, the country processed over 21.70 billion UPI transactions worth ₹28.33 lakh crore in January 2026 alone. With the digital payments ecosystem projected to reach $10 trillion by 2026, India presents significant opportunities for global businesses and investors. The United States and India share a strong partnership in financial services, driven by collaboration in innovation, regulatory frameworks, and market development. Both countries are aligned in building transparent, resilient, and inclusive financial systems while addressing emerging priorities such as cyber security, data protection, and financial stability.
AMCHAM’s BFSI (Banking, Financial Services & Insurance) Committee serves as a strategic platform representing member companies across banking, insurance, fintech, and financial services. It acts as a unified industry voice, engaging with the Government of India and regulators to support a balanced, innovation-friendly policy environment. The committee focuses on key areas including policy advocacy, digital banking, fintech and payments innovation, insurance sector development, cyber security and data protection, and regulatory intelligence. It also facilitates structured industry-government dialogue to co-create forward-looking policies.
Through sustained engagement and knowledge sharing, the BFSI Committee is committed to strengthening India’s financial ecosystem and advancing U.S.-India collaboration in the sector.
