Modi Backs RBI Digital Currency, Showcases India Stack at Global Fintech Fest
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- Narendra Modi cites RBI digital currency as a catalyst for India’s growth trajectory.
- UPI processes 20 billion monthly transactions worth over 25 lakh crore rupees.
- India’s MOSIP has now been adopted by 25+ countries as a global public good.
India’s Prime Minister Narendra Modi expressed confidence in the Reserve Bank of India’s digital currency initiative during his address at the Global Fintech Fest 2025 in Mumbai. The Prime Minister stated that the digital currency project will strengthen India’s economic growth story.
Modi highlighted India Stack as the foundation of the country’s digital economy during the event attended by UK Prime Minister Keir Starmer. Key components include Unified Payments Interface, Aadhaar Enabled Payment System, Bharat Bill Payment System, Bharat-QR, DigiLocker, DigiYatra, and Government e-Marketplace.
The Prime Minister noted tha…
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