Mic
Thursday, 23 Oct 2025
Mid-Day GujaratiInquilabMid-Day Hindi
Mid-Day
Logo
Home

Home

Photos

Photos

E-Paper

E-Paper

Video

Videos

Shots

Shots

Mumbai Lake LevelMumbai Lake Level

Home / Mumbai / Mumbai News / Photos / In Photos: PM Modi attends Global Fintech Fest 2024 fest in Mumbai

In Photos: PM Modi attends Global Fintech Fest 2024 fest in Mumbai

Updated On: 30 August, 2024 01:27 PM IST | ronak mastakar

India`s FinTech revolution is improving financial inclusion as well as driving innovation, Prime Minister Narendra Modi said Friday adding that over the last 10 years, the country`s fintech industry has recieved investments more than USD 31 billion and startups in the industry has recorded growth over 500 per cent (Pics/PTI)

  • WhatsApp
  • Twitter
  • WhatsApp
India`s FinTech revolution is improving financial inclusion as well as driving innovation, Prime Minister Narendra Modi said Friday adding that over the last 10 years, the country`s fintech industry has recieved investments more than USD 31 billion and startups in the industry has recorded growth over 500 per cent (Pics/PTI)

1/9

India`s FinTech revolution is improving financial inclusion as well as driving innovation, Prime Minister Narendra Modi said Friday adding that over the last 10 years, the country`s fintech industry has recieved investments more than USD 31 billion and startups in the industry has recorded growth over 500 per cent (Pics/PTI)

Addressing the Global Fintech Fest at the Jio World convention Centre in Mumbai, PM Modi higlighted the growth of the country`s fintech industry, PM Modi said there used to be a time when the world would be surprised at India`s cultural diversity but now "they are astonished by our fintech diversity"

2/9

Addressing the Global Fintech Fest at the Jio World convention Centre in Mumbai, PM Modi higlighted the growth of the country`s fintech industry, PM Modi said there used to be a time when the world would be surprised at India`s cultural diversity but now "they are astonished by our fintech diversity"

"In this festive mode, Global Fintech Festival is being conducted that too in the dream city of Mumbai. We can see a new world for our youths. We have lots of guests from foreign countries too. There was a time when people were surprised to see our culture, now they are equally amazed to witness the fintech diversity of India. From landing at the airport to street food and shopping experiences, India`s fintech industry is visible everywhere," PM Modi said

3/9

"In this festive mode, Global Fintech Festival is being conducted that too in the dream city of Mumbai. We can see a new world for our youths. We have lots of guests from foreign countries too. There was a time when people were surprised to see our culture, now they are equally amazed to witness the fintech diversity of India. From landing at the airport to street food and shopping experiences, India`s fintech industry is visible everywhere," PM Modi said

PM Modi said that over the past 10 years, there was an investment of more than 31 billion dollars in the fintech space, and the fintech startup industry has grown more than 500 per cent. He attributed the growth to cheaper mobile or cheaper data and zero balance Jan Dhan accounts

4/9

PM Modi said that over the past 10 years, there was an investment of more than 31 billion dollars in the fintech space, and the fintech startup industry has grown more than 500 per cent. He attributed the growth to cheaper mobile or cheaper data and zero balance Jan Dhan accounts

Hailing India`s technological revolution, PM Modi said that there is hardly any Indian with 18 years above who does not have any digital identity

5/9

Hailing India`s technological revolution, PM Modi said that there is hardly any Indian with 18 years above who does not have any digital identity

Taking a dig at the opposition and said, "If you may remember, earlier people who thought themselves intelligent asked in Parliament why Indians don`t have that many bank branches, inadequate internet connectivity, inadequate electricity, and how the fintech revolution will take place. They have asked me, a chaiwala PM. But see what has happened today, in the last 10 years, the users of broadband in India have increased from 6 crore to 94 crore. Today, there`s hardly any Indian above the age of 18 years who doesnt use broadband who does not have any digital identity"

6/9

Taking a dig at the opposition and said, "If you may remember, earlier people who thought themselves intelligent asked in Parliament why Indians don`t have that many bank branches, inadequate internet connectivity, inadequate electricity, and how the fintech revolution will take place. They have asked me, a chaiwala PM. But see what has happened today, in the last 10 years, the users of broadband in India have increased from 6 crore to 94 crore. Today, there`s hardly any Indian above the age of 18 years who doesnt use broadband who does not have any digital identity"

As Jan Dhan Yojana recently completed 10 years, PM Modi said that the scheme has become a medium of women empowerment as more than 70 per cent of beneficiaries of this account are women

7/9

As Jan Dhan Yojana recently completed 10 years, PM Modi said that the scheme has become a medium of women empowerment as more than 70 per cent of beneficiaries of this account are women

He further stated that through Jan Dhan Yojana, the government was able to launch India`s Microfinance`s biggest scheme Mudra Yojana which helped citizens of the country, especially women as it credited around Rs 27 trillion in beneficiaries` accounts

8/9

He further stated that through Jan Dhan Yojana, the government was able to launch India`s Microfinance`s biggest scheme Mudra Yojana which helped citizens of the country, especially women as it credited around Rs 27 trillion in beneficiaries` accounts

"Today, more than 53 crore people have Jan Dhan accounts, which means in the last 10 years we have connected people equal to the European population with the banking system. Jan Dhan, Aadhar, and Mobile have revolutionised one more than that is digital transactions. today, world`s half of the digital payment takes place in India. UPI has become a big example for Fintech. Whether it is rural area or urban, summer or winter or raining, the banking services in India work 24*7 with UPI services"

9/9

"Today, more than 53 crore people have Jan Dhan accounts, which means in the last 10 years we have connected people equal to the European population with the banking system. Jan Dhan, Aadhar, and Mobile have revolutionised one more than that is digital transactions. today, world`s half of the digital payment takes place in India. UPI has become a big example for Fintech. Whether it is rural area or urban, summer or winter or raining, the banking services in India work 24*7 with UPI services"

Tags

Photo of Day

High tidal waves in Mumbai delay Lalbaugcha Raja`s visarjan

High tidal waves in Mumbai delay Lalbaugcha Raja`s visarjan

The iconic Lalbaugcha Raja idol was shifted onto a raft on Sunday afternoon after delays since morning due to high tide and technical challenges, with final immersion, delayed by several hours, expected to take place around 11 pm, officials said.

Advertisement