Prime Minister Narendra Modi of India addressed the fintech sector in Mumbai on Tuesday, emphasizing the need for robust cybersecurity measures. He urged industry leaders to prioritize the adoption of ethical data-protection standards as India seeks to expand the global reach of its Unified Payments Interface (UPI) retail payment platform. Modi highlighted the increasing importance of fintech in India’s economic growth and its potential for further innovation. The Prime Minister’s call to action comes as India aims to position itself as a global leader in digital payments. Strengthening trust and security is paramount to achieve this goal, particularly as UPI expands internationally. He underscored that responsible innovation will be key to sustaining growth and maintaining user confidence in the system. This push aligns with India’s broader ambition to become a digitally empowered society.

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