PM Modi inaugurates the 7th Global Fintech Fest 2026 in Mumbai
On 8 September 2026, Prime Minister Narendra Modi inaugurated the 7th Global Fintech Fest (GFF) 2026 in Mumbai, calling UPI the champion of India's fintech story and urging work on a Fintech Consumer Protection Index.
Summary
Prime Minister Narendra Modi inaugurated the 7th Global Fintech Fest (GFF) 2026 in Mumbai on 8 September 2026, his third consecutive appearance at the event. The festival ran from 8 to 11 September 2026 and was organised by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI) and the Fintech Convergence Council (FCC). Its theme was 'Potential to Impact: Agentic AI | Tokenisation | Quantum: Trusted, Connected, Global Systems for Inclusive Finance'. The Prime Minister described UPI as the champion of India's fintech story and asked the sector to work on a Fintech Consumer Protection Index, cybersecurity and data protection. A PIB backgrounder noted that UPI processed 2,365.8 crore transactions worth ₹29.88 lakh crore in July 2026, with 741 banks live on the platform.
Key facts
- Event
- 7th Global Fintech Fest, Mumbai, 8–11 Sep 2026
- Inaugurated by
- PM Narendra Modi (third consecutive GFF)
- Organisers
- PCI, NPCI and Fintech Convergence Council
- Theme
- Potential to Impact: Agentic AI | Tokenisation | Quantum
- UPI, July 2026
- 2,365.8 crore transactions worth ₹29.88 lakh crore; 741 banks
- PM's call
- Fintech Consumer Protection Index, cybersecurity, data protection
Practice MCQs 4 questions
Which city hosted the 7th Global Fintech Fest (GFF) 2026, inaugurated by PM Narendra Modi on 8 September 2026?
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Correct answer: D — Mumbai
GFF 2026 was held in Mumbai from 8 to 11 September 2026.
Which of the following is NOT one of the principal organisers of the Global Fintech Fest?
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Correct answer: A — Reserve Bank of India
PIB lists PCI, NPCI and the Fintech Convergence Council (FCC) as the principal organisers of GFF.
Consider the following statements about GFF 2026: 1. Its theme focused on Agentic AI, Tokenisation and Quantum. 2. At the inauguration, PM Modi urged the sector to work on a Fintech Consumer Protection Index. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: the theme was 'Potential to Impact: Agentic AI | Tokenisation | Quantum…', and the PM called for a Fintech Consumer Protection Index.
According to the PIB backgrounder on GFF 2026, how many banks were live on UPI in July 2026?
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Correct answer: A — 741
In July 2026 UPI processed 2,365.8 crore transactions worth ₹29.88 lakh crore with 741 banks live on the platform.