1 day ago
Modi Signals Faster Reforms, Highlights India's Fintech Growth and Priorities
Prime Minister Narendra Modi spoke about India’s plans for financial technology.
He said India’s reforms would move faster.
He called the country’s fintech growth remarkable.
Modi said the Unified Payments Interface, or UPI, helped drive that growth.
He also said India’s economy grew 7.8% in the first quarter.
This happened even though the West Asia conflict affected energy and supply chains.
Modi said fintech companies should improve cybersecurity and protect people’s data ethically.
He also asked companies and regulators to support innovation.
Finally, he suggested an index that would show how well fintech companies protect consumers.
Prime Minister Narendra Modi said India’s “reform express” would move forward at a faster pace.
Modi described India’s fintech journey as remarkable and called UPI a major driver of its growth.
He said India’s economy grew 7.8% in the first quarter despite pressure from the West Asia conflict.
Modi identified cybersecurity, ethical data protection, innovation, and consumer protection as fintech priorities.
He proposed a Fintech Consumer Protection Index to transparently rate companies on consumer protection standards.
- Who
- Prime Minister Narendra Modi, fintech companies, regulators, and other financial-sector stakeholders.
- What
- Modi outlined faster reforms and four priorities for India’s fintech sector, including a proposed consumer protection index.
- Where
- The Global Fintech Fest in Mumbai, India.
- When
- Tuesday, September 8, 2026.
- Why
- To highlight India’s fintech growth and address opportunities and risks from emerging technologies in finance.
Key facts
- Economic growth
- India’s economy expanded 7.8% in the first quarter.
- Fintech driver
- Modi identified the Unified Payments Interface (UPI) as a major driver of India’s fintech growth.
- Reform outlook
- Modi said India’s “reform express” would move forward at an even faster pace.
- Technology trends
- He cited agentic artificial intelligence, tokenisation, and quantum technologies as emerging possibilities.
- Cybersecurity
- Modi called for top-notch cybersecurity for India’s digital financial ecosystem.
- Consumer protection
- He proposed a Fintech Consumer Protection Index to support transparent company ratings.
- Event
- The remarks were delivered at the Global Fintech Fest 2026 in Mumbai.
Quotes
Narendra Modi
Prime Minister of India
“I will reiterate that India’s reform express will move forward at an even faster pace. Friends, India’s fintech story has been remarkable, and one of its biggest champions is our UPI,”
news18.com
“Even in these circumstances, when India grows at 7.8 per cent, it gives the world a new sense of confidence,”
news18.com
Sources
Related news
Modi Calls for Broader, Safer Fintech Growth Beyond Payments
Modi Highlights UPI, Fintech Growth and India’s Reform Push
Modi Says India’s 7.8% Growth Offers Global Hope
Modi Highlights India’s 7.8% Growth and Economic Progress
Modi Marks UPI’s Decade as India’s Digital Payments Turning Point
Modi Calls India a Bright Spot for Global Growth
Centre Approves Rs 20,800 Crore Railway Multitracking Projects
Eknath Shinde Honoured at House of Lords for Governance
Mumbai Crime Branch Takes Over Alleged Fake PMO Card Probe
SCO Urged to Refocus on Central Asia and Core Priorities
BJP's Seva Campaign Marks Modi's 25 Years in Public Office
