Modi pairs global UPI push with Gujarat freight corridor milestone

  • Narendra Modi urged wider international adoption of UPI for payments and remittances.
  • 24.51 billion UPI transactions were processed by August 2026.
  • Western Dedicated Freight Corridor sections made the full network operational across its length.

Prime Minister Narendra Modi used the Global Fintech Fest 2026 in Mumbai to call for wider international adoption of India’s Unified Payments Interface, which has operated for a decade and processed 24.51 billion transactions by August 2026. UPI is live in 11 countries, including through its UPI-PayNow integration with Singapore, and Modi said expansion should prioritize countries with large Indian diaspora populations, strong trade ties with India and compatible payment infrastructure. He said broader use could reduce remittance costs and speed transfers to families. Modi also urged stronger cybersecurity, ethical data-protection standards, closer regulator-industry cooperation and a transparent fintech consumer protection index. Earlier in Vadodara, he inaugurated three Western Dedicated Freight Corridor sections totaling 326 route kilometers and costing more than Rs 20,700 crore, connecting the network directly to Jawaharlal Nehru Port. The wider visit covered roughly Rs 35,000 crore in infrastructure and development projects, including additional railway, highway and Gujarat government works. Modi presented the freight corridor as evidence of faster execution than under the previous Congress-led UPA government and linked India’s infrastructure and fintech expansion to its 7.8% quarterly GDP growth, macroeconomic stability and reform agenda.

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