PM Modi Urges Fintechs To Step Up Cybersecurity, Consumer Protection
by Akshit Pushkarna · Inc42SUMMARY
- Addressing the inauguration of Global Fintech Fest (GFF) 2026, PM Narendra Modi called for building stronger safeguards around India's rapidly expanding digital financial services and fintech sector.
- As the fintech industry moves beyond digital payments, Modi outlined four broad priorities for the sector – stronger cybersecurity, ethical data protection, better consumer protection and closer collaboration between industry and regulators.
- In his address, PM Modi also underlined that India should prioritise countries with large Indian diasporas and strong trade ties for UPI’s global expansion.
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Prime Minister (PM) Narendra Modi has urged Indian fintech startups to further strengthen cybersecurity and consumer protection as the sector moves into its next phase of growth amid the rise of new technologies such as agentic AI and quantum technologies.
Addressing the inauguration of Global Fintech Fest (GFF) 2026 in Mumbai today (September 8), PM Modi called for building stronger safeguards around India’s rapidly expanding digital financial services and fintech sector.
PM Modi also said that the rapid adoption of new technologies must be matched by stronger security and trust mechanisms. He called for “top-notch cybersecurity” as financial services become increasingly dependent on digital infrastructure and AI. He also stressed the need for ethical data-protection practices to ensure consumer trust as innovation grows.