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Business • Jun 18, 2025

Sitharaman urges fintechs to combat digital fraud

Finance Minister Nirmala Sitharaman wants fintech startups to step up against digital arrests, cyber frauds, and deepfake threats.
At the Digital Payments Awards 2025, she highlighted how fintech is key for making payments easier and bringing more people into the financial system.

TL;DR

Fintech solutions can protect vulnerable populations: Sitharaman

Sitharaman pointed out that Indian fintech is now going global—UPI payments work in seven countries!
She added, "Fintech solutions can protect vulnerable populations, especially as digital lending expands to MSMEs."
With India leading in real-time transactions and aiming for $400 billion in fintech by 2028-29, this sector could shape how all of us handle money safely in the future.