Mumbai (Maharashtra) [India], September 9 (ANI): The Global Fintech Fest (GFF) has emerged as one of many highlights of the Indian monetary calendar, serving as a key platform the place policymakers and market leaders outline the subsequent stage of the nation’s monetary expertise sector, mentioned Ashish Kumar Chauhan, Chief Executive Officer and Managing Director of the National Stock Exchange.Â
Speaking to the media on the sidelines of the Global Fintech Fest 2026 in Mumbai, Chauhan mentioned, “It’s one of the highlights of Indian financial calendar. This GFF has come out to be one of the large, literally the largest event of its type in the world.”
“We are really delighted and eager to participate whenever it comes. So it’s a great, very well managed event. So congratulations to the organizers and RBI and SEBI for organizing this,” he added.
Earlier, Prime Minister Narendra Modi referred to as on India’s fintech {industry} to strengthen cybersecurity, undertake moral data-protection requirements, deepen regulator-industry innovation and develop a Fintech Consumer Protection Index for clear firm scores.
Addressing the Global Fintech Fest 2026 on Tuesday, Modi mentioned fintech corporations ought to collectively set clear priorities as applied sciences reminiscent of Agentic AI, tokenisation and quantum open new potentialities within the monetary sector.
“First, we have to make cybersecurity in India top-notch. Second, our industry should have its own ethical data-protection standards. Third, we have to build a strong fintech regulator-industry innovation ecosystem. And fourth, we should have a Fintech Consumer Protection Index, on the basis of which every company can be rated transparently,” Modi mentioned.
He added that if the sector measured itself in opposition to these parameters, India’s fintech {industry} may turn into “a gateway to countless possibilities”.
The Prime Minister additionally mentioned the subsequent section of India’s fintech development ought to transfer past funds and increase into credit score, insurance coverage, financial savings, investments and pensions.
“Now, in the fintech market, along with payments, the share of credit transactions should also increase, the share of insurance should increase, and the share of savings, investments and pensions should increase,” he mentioned.
Modi mentioned fintech may assist serve small companies and staff who’re nonetheless not effectively coated by conventional monetary fashions.
“We have demonstrated speed and scale in payments. Now, we will have to help increase the share of non-payment transactions,” he mentioned.
On UPI’s world enlargement, Modi mentioned the platform is now dwell in 11 nations and India ought to work in direction of linking it with cost methods of extra nations.
“Today, our UPI has reached several countries. But this is the first step. Now our next target should be to connect with the payment systems of those countries,” he mentioned.
He cited the India-Singapore cost linkage for instance and mentioned related connections needs to be constructed with different nations and markets, notably the place Indians dwell in giant numbers or India has important commerce ties.
The Prime Minister mentioned UPI recorded greater than 2,400 crore transactions in August alone and described it as one of many largest drivers of India’s fintech transformation.
“UPI is no longer limited only to India,” Modi mentioned.
On the broader financial system, Modi mentioned India’s 7.8 per cent development within the April-June quarter got here regardless of a troublesome world setting marked by conflicts, uncertainty, stress on vitality and commodity provide chains and commerce tensions.
“When India grows at 7.8 per cent even in such a situation, it gives the world renewed confidence,” he mentioned.
He additionally referred to India’s current sovereign ranking improve by a Japanese credit standing company to the A class, saying it mirrored confidence within the nation’s development momentum, macroeconomic stability and structural reforms. (ANI)