Prime Minister Shri Narendra Modi inaugurates Global Fintech Fest 2026 in Mumbai

Prime Minister Shri Narendra Modi inaugurated the Global Fintech Fest 2026 in Mumbai. During his address, he highlighted India's robust economic growth during the April to June quarter and noted the upgrade of the nation's sovereign ratings to the A- category by a Japanese credit rating agency. The Prime Minister emphasized the role of the Unified Payments Interface (UPI) as a driver of India's fintech transformation, noting its growth in transaction volumes, integration with partner countries, and contribution to financial inclusion. Furthermore, he outlined a four-point roadmap for the fintech sector focusing on cybersecurity, ethical data protection standards, a regulator-industry innovation ecosystem, and a fintech consumer protection index, while highlighting the extension of schemes like PM SVANidhi until 2030.