Archive · 9 Sep 2026
Modi Highlights UPI, Fintech Growth and India’s Reform Push
Prime Minister Narendra Modi spoke about how India’s digital payment system, UPI, has grown.
UPI lets people send money quickly using their phones and bank accounts.
He said UPI completed 10 years on August 25.
He estimated that about 50,000 UPI payments happened around the time of the event.
Modi said India should connect UPI with more countries, including countries it trades with.
He gave India and Singapore as an example of easier cross-border payments.
He also said India grew by 7.8 percent during a period of global uncertainty.
Modi said India’s reforms and financial technology sector could create more opportunities for young people.
Prime Minister Narendra Modi called India’s fintech development remarkable and identified the Unified Payments Interface as a major driver.
Modi said UPI completed 10 years on August 25 and estimated that about 50,000 UPI transactions occurred during the event.
He urged India to expand UPI to countries it does business with, citing easier payments between India and Singapore.
Modi said India grew 7.8% during a difficult global period marked by conflicts, trade tensions, and supply-chain pressures.
Speaking at Global Fintech Fest 2026 in Mumbai, he said India’s reform program would continue at a faster pace.
- Who
- Prime Minister Narendra Modi and participants at Global Fintech Fest 2026.
- What
- Modi highlighted UPI’s growth, encouraged its international expansion, and discussed India’s economic growth and reforms.
- When
- September 8, 2026; UPI completed 10 years on August 25.
- Where
- Global Fintech Fest 2026 in Mumbai, Maharashtra.
- Why
- To discuss India’s fintech development, UPI’s international reach, economic performance, and continued reforms.
- Event
- Global Fintech Fest 2026
- Location
- Mumbai, Maharashtra
- UPI milestone
- Completed 10 years on August 25
- Estimated transactions
- About 50,000 UPI transactions around the time of the event
- India-Singapore payments
- Modi said transactions had become as easy as UPI payments between two Indian cities
- Economic growth
- 7.8% growth in the April-June quarter
- Event theme
- “Potential to Impact: Agentic AI, Tokenisation, Quantum — Trusted, Connected, Global Systems for Inclusive Finance.”