Global Fintech Fest 2026: PM Narendra Modi Exhorts Fintech Sector To Expand Global Reach Of UPI | Video
Mumbai: Prime Minister Narendra Modi on Tuesday urged the fintech ecosystem to expand the global reach of the Unified Payments Interface (UPI), connect it with local systems in other countries, and help the diaspora save on remittance costs. In his address after the inauguration of the 7th edition of the Global Fintech Fest here, Modi said the UPI platform is now live in 11 countries and has also…
Mumbai, September 8, 2026 - During the inauguration of the 7th Global Fintech Fest, Prime Minister Narendra Modi urged the fintech industry to expand the reach of the Unified Payments Interface (UPI). Modi highlighted that UPI is now live in 11 countries, including Singapore, and pushed for further global expansion of the platform.
The Prime Minister emphasized the importance of connecting UPI with local systems in countries with large Indian diaspora, high trade volumes with India, or those willing to partner with India. He stated that this would help Indians working abroad save on remittance costs and receive funds more quickly. Modi also underlined the need for India to set its own rules and standards for global transactions, as current global card payments systems are designed by other countries.
The Prime Minister further emphasized the importance of cybersecurity, ethical data protection, and a fintech regulatory ecosystem.
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