chennai tamil nadu has historically been a financial services hub and is poised to be a fintech hub state finance minister palanivel thiaga rajan said on thursday the english speaking educated workforce pool available in chennai is second to none and the cost of living and doing business is also lesser than other metros the minister said while speaking at the chennai fintech meetup an event to bring together the citys fintech community with the city also being the most sought after for landing data cables after mumbai connectivity is also great he added as a government we want to play to our strengths and believe that we should be in the high end innovation and value creation space he said npci md and ceo dilip asbe said all payment modes put together india is currently at around 300 million daily payment transactions but we should aspire to be at over a billion a day he said we have a big plan for rupay we think its still not fully played out to its potential asbe said we are right now focused on making upi more resilient to manage the volumes but we may think of upi credit product soon he added chennai fintech meetup launch aspires to catalyse the fintech ecosystem in the city the fintech meetup is founded by abhishant pant the chennai edition was supported by m2p fintech indian bank npci and other partners