UPI Beyond Borders: PM Modi Calls for Worldwide Integration
What Happened
Speaking at the Global Fintech Fest 2026, Prime Minister Narendra Modi said India's UPI ecosystem is ready for the next phase of growth and should focus on expanding globally. He urged the fintech sector to connect UPI with payment systems in more countries, particularly those with large Indian communities and strong trade ties with India. UPI is already operational in 11 countries.
Key Takeaways
Modi said the next goal is to make UPI a global payment network that reduces remittance costs, speeds up cross-border transactions, and helps set international standards for digital payments. He also called for fintech innovation beyond payments, including credit, savings, insurance and pensions.