Modi urges regulators to take bigger steps against cyber fraud | Mint

Indian Prime Minister Narendra Modi addressed the Global Fintech Fest, focusing on the challenges of cyber fraud and the role of the Unified Payments Interface (UPI) in transforming financial transactions in India. Modi highlighted the importance of technological innovation in combating cyber fraud and enhancing the security of digital transactions. He praised the UPI system for its contribution to financial inclusion and the democratization of digital payments. The speech underscores the Indian government's commitment to advancing fintech innovations while addressing the risks associated with digital financial systems. The remarks reflect broader trends in the global fintech landscape and India’s leadership in financial technology.