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FM warns against weaponisation of technology
Business Standard
|October 08, 2025
Asks fintechs to focus on trust, financial inclusion
Nirmala Sitharaman Finance Minister
Technology "must not be weaponised" by those who have obtained proprietary rights in certain sectors, said Finance Minister Nirmala Sitharaman on Tuesday amid recent actions by two international companies creating a controversy in the country.
Digital Public Infrastructure (Aadhaar, Unified Payments Interface, and account aggregators) must serve the public good, she said at the Global Fintech Fest 2025 in Mumbai. Fintechs should continue to focus on financial performance and regulatory compliance as the industry grows.
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