Fintech revolution in India will enhance ease of living globally, says PM Modi
Hindustan TimesMumbai: Prime Minister Narendra Modi on Friday said that India’s fintech revolution has improved the quality and dignity of life in the country, adding that the ecosystem will enhance ease of living globally. Addressing the Global Fintech Fest 2024 at the Jio World Convention Centre in Bandra Kurla Complex, the prime minister said India’s adoption of fintech is unmatched worldwide in speed and scale, and the sector has helped bridge the gap between rural and urban regions. Taking a dig at the Opposition, Modi said he used to be asked by “scholars in Parliament” how a fintech revolution would take place in India, where there aren’t enough bank branches, internet and electricity in rural areas. India’s UPI has become a big example of fintech across the world.” Highlighting the 10th anniversary of the central government’s financial inclusion programme, Modi said that the Pradhan Mantri Jan Dhan Yojana has become a medium of women empowerment, with more than 290 million women having bank accounts through it.