1.#Saturday 12, Sep 2026, 4165 05:00 / 1.#PM inaugurates Global Fintech Fest 2026 in Mumbai: 08 Sep, 2026Print News./

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1.#Saturday 12, Sep 2026, 4165 05:00 / 

1.#PM inaugurates Global Fintech Fest 2026 in Mumbai: 08 Sep, 2026Print News./

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VIDEO: PM Modi's speech during the inauguration of Global Fintech Fest GFF 2026 Auto-dubbed

PM inaugurates Global Fintech Fest 2026 in Mumbai

COMMENTS::

*India is taking its fintech journey to new heights, with innovation and inclusion at its core: PM

*India’s growth gives the world renewed confidence: PM

*UPI is a major champion of India’s FinTech story: PM

*Technologies like Agentic AI, tokenisation and quantum are opening new possibilities in the financial sector: PM

PM Urges FinTech Sector to Set Collective Tasks Focusing on Top-Notch Cybersecurity, Ethical Data Protection Standards, a Robust Regulator-Industry Innovation Ecosystem, and a Fintech Consumer Protection Index

Prime Minister Shri Narendra Modi today inaugurated Global Fintech Fest 2026 in Mumbai. Addressing the gathering, the Prime Minister extended a warm welcome to innovators, leaders, and investors from across the globe. He noted that marking his third consecutive appearance at the event feels like a hat-trick of immense national importance following his third term in government. “This hat-trick shows how important you are for a Viksit Bharat, how important your work is,” remarked Shri Modi.

Highlighting the dynamic evolution of the fintech landscape, the Prime Minister observed an expanding horizon of possibilities driven by the increasing energy, youth participation, and bold risk-taking capacity within the sector. He emphasized that the ecosystem’s vibrant growth continues to strengthen his optimism regarding the nation’s future. “Therefore, regarding the future of a Viksit Bharat, my belief is growing stronger,” asserted Shri Modi.

Drawing a beautiful parallel between technological innovation and cultural celebration, the Prime Minister invoked the festive spirit of Mumbai ahead of the highly anticipated Ganeshotsav across Maharashtra and the country. He bowed to Lord Ganesha, adhering to the tradition of seeking divine blessings before auspicious endeavors. “Bowing down to Ganpati Bappa, I wish you all the best for the Global Fintech Fest 2026,” affirmed Shri Modi.

Acknowledging the complex global environment marked by conflicts, trade tensions, and severe pressure on the supply chains of energy and commodities, the Prime Minister contrasted international economic uncertainty with India’s robust 7.8 percent growth during the challenging April to June quarter. He praised the resilience of the Indian economy, which provides renewed confidence to the global community. “And this confidence, I can clearly see it on all your faces here,” noted Shri Modi.

Pointing to a recent major validation of India’s economic trajectory, the Prime Minister celebrated a Japanese credit rating agency upgrading the nation’s sovereign ratings to the A- category after three decades. He attributed this historic milestone to structural reforms and macroeconomic stability, ensuring that the country’s growth momentum remains unstoppable. “ I will say again that this reform express of India will move forward at an even faster pace,” asserted Shri Modi.

Praising the remarkable narrative of India’s technological rise, the Prime Minister identified the Unified Payments Interface (UPI) as the undisputed champion of this transformation. He emphasized that any discussion surrounding the national fintech revolution is fundamentally incomplete without acknowledging this platform’s impact, a point he recalled discussing at last year’s event. “But this is such a massive transformation that whenever fintech is discussed, it will remain incomplete without UPI,” observed Shri Modi.

Reflecting on the tenth anniversary of UPI celebrated on August 25, the Prime Minister contrasted early skepticism from financial elites with the current reality where millions of previously unbanked citizens now drive the digital economy. He recalled how his early vision of bringing banking to fingertips was once considered impossible by the well-informed. “Those same millions of people, who were outside the banking system for generations, have become the major drivers of fintech growth in India,” noted Shri Modi.

Presenting staggering operational data, the Prime Minister revealed that over 24 billion UPI transactions occurred in August alone, meaning roughly 50 lakh transactions were processed in just the first ten minutes of the event. He cited French President Emmanuel Macron to underscore that this phenomenal adoption rate transcends technology. “It is because of this impact that President Macron said that UPI is not just a tech story, it is a civilizational story,” remarked Shri Modi.

Highlighting the global expansion of India’s flagship digital payment system, the Prime Minister proudly announced that UPI is now live in 11 countries, turning what was once unimaginable into an everyday reality for international payments. He noted that these astonishing figures validate the incredible distance the nation has traveled. “These are astonishing figures that tell us how long a journey we have covered,” affirmed Shri Modi.

Setting the stage for future ambitions, the Prime Minister challenged the industry to view current achievements as merely a starting point rather than a final destination. He drew upon his 25 years of experience in policy and governance to assert his philosophy of relentless progress. “When one goal is achieved, I get busy preparing for an even bigger goal,” asserted Shri Modi.

Outlining the next strategic phase for international digital payments, the Prime Minister emphasized the urgent need to integrate UPI with the domestic payment systems of partner countries, mirroring the seamless cross-border connectivity already established with Singapore. He directed stakeholders to actively link financial networks wherever large Indian populations reside or extensive trade occurs. “Wherever Indians live in large numbers, wherever India trades on a large scale, whichever country in the world is ready to walk with us, we have to work to connect them all,” directed Shri Modi.

Emphasizing the economic benefits for the diaspora, the Prime Minister pointed out that reducing transaction costs for the world’s largest remittance-sending population is a critical priority. He explained that integrating digital payment systems globally would significantly accelerate the transfer of funds to families back home. “UPI can bring savings to Indians in this as well, and the money can reach Indian families faster,” noted Shri Modi.

Urging a paradigm shift in financial infrastructure, the Prime Minister criticized historical reliance on foreign-designed card payment standards and called for the creation of indigenous rules and protocols. He expressed absolute confidence that the domestic industry possesses the capability to develop global standards. “Now we can make our own rules and standards and connect them with the world,” asserted Shri Modi.

Reiterating his core philosophy of technological empowerment, the Prime Minister praised UPI as the ultimate tool for financial inclusion, successfully penetrating areas ignored by traditional banking models. He emphasized that the true hallmark of innovation is delivering services directly to the individual. “Where traditional banks could not reach, where bank branches could not reach, UPI has taken the banking system to that place, to that person,” remarked Shri Modi.

Charting the future course for the domestic fintech market, the Prime Minister stressed the necessity of moving rapidly beyond mere payment processing to actively expanding the footprint of credit, insurance, savings, investments, and pension products. He insisted that the sector must rapidly elevate its service offerings to the next level. “Now in the fintech market, along with payments, the share of credit transactions must also increase,” affirmed Shri Modi.

Highlighting the untapped potential of marginalized sectors, the Prime Minister explained that innovative financial technology is uniquely positioned to uplift demographics currently ignored by traditional economic models. He stated that integrating this hidden strength is absolutely vital for national advancement. “For a Viksit Bharat, the rise of this strength is very necessary,” asserted Shri Modi.

Demonstrating the tangible impact of inclusive finance, the Prime Minister cited the PM SVANidhi scheme, which successfully integrated millions of street vendors, whom he called the backbone of the cities, into the formal credit system, boosting their average annual income by over 20 percent. He noted that this financial empowerment significantly improved their access to housing, nutrition, healthcare, and children’s education, prompting the government to extend the scheme until 2030. “Meaning, they have a tool for formal credit access,” noted Shri Modi.

Acknowledging the indispensable technological backbone of these social programs, the Prime Minister credited UPI as a major catalyst for the massive success of the PM SVANidhi initiative. He urged the industry to leverage this experience to further stimulate grassroots economic activity. “Learning from this experience, we have to further increase economic activities with the power of fintech,” affirmed Shri Modi.

Illustrating the credit gap at the micro-business level, the Prime Minister shared the example of a small shop owner whose clear digital transaction history proves her business viability but remains too small for traditional bank loans. He explained that she requires slightly more capital for goods and equipment to scale up her successful enterprise. “There are businesses of this kind whose needs fintech can analyze, anticipate, and address,” remarked Shri Modi.

Challenging the industry to solve this structural credit deficit, the Prime Minister stated that technology must be utilized to study micro-economic activities and design highly curated financial models for massive numbers of small businesses. He declared that bridging this gap will define the sector’s future trajectory. “I believe the next chapter of fintech will be written right here,” asserted Shri Modi.

Calling for the democratization of comprehensive financial services, the Prime Minister urged the industry to provide seamless access to savings, pensions, and insurance products for independent earners like delivery partners and odd-job workers. He insisted that these non-payment transactions must become just as effortless as scanning a QR code. “All of this can be as simple, easy, and accessible as making a payment via QR code is today,” noted Shri Modi.

Welcoming the technological advancements of the second quarter of the 21st century, the Prime Minister identified Agentic AI, Tokenization, and Quantum computing as revolutionary forces opening new doors in the financial sector. He challenged the industry to translate these emerging technologies into tangible societal benefits. “Now the challenge before us is how to turn these possibilities into real impact,” remarked Shri Modi.

Laying out a strategic four-point roadmap for the industry, the Prime Minister directed fintech companies to establish top-notch cybersecurity, ethical data protection standards, a robust regulatory innovation ecosystem, and a transparent fintech consumer protection index. He emphasized that strict adherence to these criteria will unlock countless global opportunities. “If we test ourselves on these criteria, India’s fintech sector can become a gateway of countless possibilities,” asserted Shri Modi.

Concluding his address with a forward-looking mandate, the Prime Minister urged the sector to pivot toward next-generation innovation while preserving the core values of scale, scope, secure systems, democratization, and public trust that built the Digital India success story. He offered his best wishes for the industry’s continued evolution. “Keeping these core values in mind, the fintech sector must focus on next-generation innovation,” affirmed Shri Modi.

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2.##PM’s address during inauguration of Global Fintech Fest (GFF) 2026 in Mumbai: 08 Sep, 2026Print News.//

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VIDEO:  PM Modi's speech during the inauguration of Global Fintech Fest GFF 2026 Auto-dubbed

PM’s address during inauguration of Global Fintech Fest (GFF) 2026 in Mumbai

RBI Governor Shri Sanjay Malhotra ji, Global Fintech Fest Chairman Kris Gopalakrishnan ji, all innovators, leaders and investors of the fintech world, ladies and gentlemen.

I welcome all guests and delegates who have come from India and abroad to the Global Fintech Fest. I am happy that today another hat‑trick has been achieved. One hat‑trick was in 2024 when the government was formed for the third time, and another hat‑trick is my presence among you. This is my third consecutive year at the Global Fintech Fest. This hat‑trick shows how important you are for a developed India, how important your work is.

Friends,

Every time I come here, I see more youth, I feel more energy. I see the scope of possibilities expanding. It is clear that risk‑taking capacity is increasing, dreams are becoming bolder. And therefore, my confidence in the future of developed India is becoming stronger.

Friends,

Amidst this energy of fintech, Mumbai is also experiencing cultural energy at its peak these days. In just a few days, Ganeshotsav will begin in Maharashtra and across the country. In our tradition, Lord Ganesh is remembered before every auspicious work. Bowing to Ganapati Bappa, I extend my best wishes to all of you for Global Fintech Fest 2026.

Friends,

You all know well what the global situation is. The world is passing through a period of conflicts and uncertainty. Energy and commodity supply chains are under pressure, there are tensions in trade. These conditions have persisted for many months. The quarter from April to June was the most challenging. And even in such a situation, when India grows at 7.8 percent, the world gains new confidence. And this trust, I can clearly see on your faces here.

Friends,

Another example of this growing trust in India is our sovereign ratings. Recently, a Japanese credit rating agency upgraded India’s sovereign ratings to the A category. An upgrade is a matter of happiness, but very few people know that this fortune has come after three decades – after thirty years. This shows how assured the world is about India’s growth momentum, our macro‑economic stability, and the structural reforms carried out in recent years. And I repeat, India’s reform express will move forward at even greater speed.

Friends,

India’s fintech story has been extraordinary. And one of its biggest champions is our UPI. I spoke about it last year too. But this transformation is so big that whenever fintech is discussed, it will always be incomplete without UPI.

Friends,

Just a few days ago, on 25th August, UPI completed 10 years. Ten years ago, when I said that your bank would be at your fingertips, some people thought it impossible – and I am talking about well‑informed people, remember their faces. I am not talking about the millions of Indians whose bank accounts had just been newly opened then. Generations of theirs had never even seen the door of a bank. But today, ten years later, look – those same millions of people, who for generations were outside the banking system, have become the big drivers of fintech growth in India.

Friends,

Today, in the month of August alone, more than 2,400 crore transactions were done through UPI. That means, in just the time we have been sitting here, in 10 minutes alone, on average more than 5 million UPI transactions have taken place across the country. This is the impact because of which France’s President Macron said – he said that UPI is not just a tech story, it is a civilizational story.

And friends,

UPI is no longer limited to India. A few years ago, if someone had said that payments could be made abroad directly from an Indian bank account, hardly anyone would have believed it. But today, it is a reality. India’s UPI is now live in 11 countries. These are extraordinary figures, showing how long a journey we have traveled. But now the question is – should we be satisfied with this journey? Should we consider fintech’s success in India as final?

Friends,

I am completing 25 years in the ecosystem of policy and governance. And those who have seen me in these years know – Modi is not one to stop at a milestone, celebrate, and be satisfied. When one goal is achieved, I immediately begin preparing for an even bigger goal.

Friends,

Today our UPI has reached many countries. But this is only the first step. Our next goal should be to connect with the payment systems of those countries. We have already done this with Singapore. Because of this, transactions between India and Singapore happen just like between two neighborhoods of the same city. This same connection we must build with other countries, other markets. We must move forward with this goal. Wherever Indians live in large numbers, wherever India trades on a large scale, whichever country is ready to walk with us – we must work to connect them all.

Friends,

This is also necessary because abroad, a large number of Indians work. And Indians are the largest in the world in sending money back home. But today, a part of that money is lost in transaction costs. UPI can save Indians even in this, and money can reach Indian families more quickly.

Friends,

Today, how do you make payments in India with cards? This system runs on standards that were designed elsewhere. We adopted those standards and rules that others had created. At that time, we did not have our own option. But now we have our own option. Now we can create our own rules and standards, and connect them with the world. I have full confidence in all of you that you can do this.

Friends,

Technology is the most effective tool of inclusion. And UPI has demonstrated this. When it comes to fintech, its unique feature must be to reach where traditional models could not. Where traditional banks could not reach, where bank branches could not reach, UPI has taken the banking system to that place, to that person.

Friends,

Today, a large part of the fintech market is only payments. But now we must move to the next level, and move quickly. In the fintech market, along with payments, the share of credit transactions must increase, the share of insurance must increase, the share of savings, investments, and pensions must increase.

Friends,

I believe fintech can bring out that strength of the country which is still outside the reach of traditional financial models, or not being addressed properly. For a developed India, bringing out this strength is very necessary.

Friends,

We can already see the impact of this in the success of PM SVANidhi. Our street vendors are the backbone of cities. But they were outside the country’s banking system, outside the formal credit system. PM SVANidhi connected millions of street vendors to the formal system. And now these companions also have the SVANidhi credit card – that means they have a tool of formal credit access. And studies show that the average annual income of these beneficiaries has increased by more than 20 percent. Not only this, their families have seen improvements in housing, nutrition, healthcare access, and children’s education. That is why the government has decided to extend this scheme until 2030.

Friends,

PM SVANidhi would not have achieved this success if UPI did not exist. UPI has played a very big role in the success of this scheme. Learning from this experience, we must use the power of fintech to further increase economic activities. Let me give you an example from the world of capital and credit. There is a sister who runs a small shop. She receives digital payments every day. Now her income and expenses show a clear pattern. Her business is running well. She has moved beyond the level where small capital was enough. Now she needs goods, equipment to scale up her business, and for this she needs a little more money. This is not very large credit. And her business is still so small that traditional credit models cannot serve her efficiently. There are many such businesses whose needs fintech can analyze, anticipate, and address. And the number of such businesses is very large.

Friends,

Technology can help us study the economic activities of such businesses and design curated models for them. I believe the next chapter of fintech will be written here. We have shown speed and scale in payments. Now we must help increase the share of non‑payment transactions. For example, a delivery partner, or a person doing some small work – he earns every month, but he needs access to services like savings and pension products. Fintech can address the needs of such people. Similarly, fintech can make access easier to insurance products and other financial services. All these can be made just as simple, easy, and accessible as making a payment today with a QR code.

Friends,

The first quarter of the 21st century has ended. Now we are in the year 2026. The second quarter has brought even newer possibilities for us. Agentic AI, tokenization, quantum – such technologies are opening new doors of possibilities in the financial sector. Now the challenge before us is how to turn these possibilities into real impact. And for this, I want our fintech companies to set some tasks for themselves. And I want to place some suggestions before you. First – we must make cyber security in India top‑notch. Second – our industry must have its own ethical data protection standards. Third – we must build a strong fintech regulator‑industry innovation ecosystem. And fourth – we must have a fintech consumer protection index, on the basis of which every company can have a transparent rating. If we test ourselves on these parameters, India’s fintech sector can become the gateway of countless possibilities. We have the experience, and we have the way to implement it on the ground. Therefore, we must work quickly.

Friends,

The success story of Digital India is now ready for a new chapter. The success of our fintech story so far has been scale, scope, secure systems, democratization of technology, and public trust. Keeping these core values in mind, the fintech sector must focus on next‑generation innovation. With this appeal, once again I extend my best wishes to all of you. Thank you very much.

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3.###PM shares glimpses of his address during inauguration of Global Fintech Fest (GFF) 2026 in Mumbai: 08 Sep, 2026Print News.///

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PM shares glimpses of his address during inauguration of Global Fintech Fest (GFF) 2026 in Mumbai

The Prime Minister, Shri Narendra Modi has shared glimpses of his address during inauguration of Global Fintech Fest (GFF) 2026 in Mumbai.

In a series of X posts, Shri Modi said;

“Addressed the Global FinTech Fest 2026 in Mumbai.

Spoke about India’s remarkable FinTech journey and the success of UPI.

Called for:

Expanding UPI’s global footprint.

Taking FinTech beyond payments to credit, insurance, savings, investments and pensions.

Harnessing Agentic AI, Tokenisation and Quantum.

Top-notch cyber security and ethical data protection.

Stronger FinTech consumer protection index and greater innovation.”

“India’s Reform Express will only gather more speed.”

“Shared the four priorities for India’s FinTech sector.”

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JAY HIND
JAY BHARATHAM
VANDE MATARAM
BHARAT MATHA KI JAY

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