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Modi Urges Global UPI Integration
8 Sep
Summary
- UPI is now operational in 11 countries.
- Prime Minister Modi wants wider integration of India's payment system.
- Reducing transaction costs for remittances is a key goal.
At the Global Fintech Fest 2026 in Mumbai, Prime Minister Narendra Modi lauded India's fintech revolution and the decade-long success of the Unified Payments Interface (UPI).
Modi stated that UPI is currently active in 11 nations. He characterized this expansion as merely a foundational step.
He urged the fintech sector to proactively integrate India's payment infrastructure with more countries worldwide. A significant objective highlighted was the reduction of transaction fees for overseas remittances sent by Indians back to their homeland.
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