PM Modi On Fintechs: Took Years To Transition From Currency To Qr Codes, Now Innovation Is Rapid

At the Global Fintech Fest 2024, PM Modi praised fintech firms for their innovative contributions to the financial sector. He highlighted how the 21st century is witnessing rapid change, noting that while it took years to transition from currency to QR codes, innovation is now happening at a much faster pace. PM Modi pointed to Digital-Only and Neo banks as examples of how fintech is elevating banking to new heights. He expressed pride in India developing fintech products that, while locally rooted, have global applications.