← State of Embedded Finance 2026

Pm Modi

Not applicable — 'Pm Modi' is the Prime Minister of India, a government official, not a commercial entity with an embedded finance stack.

HQNew Delhi, India
IndustryGovernment / Head of State
The story

Narendra Modi is the Prime Minister of India, not a company, product, or embedded finance operator. The search query 'Pm Modi' was submitted as a target company in error. The evidence gathered relates to Indian government digital finance policy initiatives (e-RUPI, PM SVANidhi, UPI internationalisation) rather than a commercial enterprise with an embedded finance stack. No vendor relationships, subprocessor lists, or commercial embedded finance infrastructure attributable to a 'Pm Modi' company exist in the evidence.

Last 12 months
2026-01
2026-02
Product timeline
2016
Launched demonetisation of INR 500 and INR 1000 notes, accelerating digital payments adoption in India.· pivot
2020
PM SVANidhi scheme launched providing working capital loans to street vendors.· lending
2021
Launched e-RUPI, a digital voucher-based payment solution for targeted welfare delivery.· banking
2026
Launched PM SVANidhi Credit Card — a UPI-linked interest-free revolving credit card for street vendors in Kerala.· lending
2026
Announced UPI rollout in Malaysia during state visit to Kuala Lumpur, expanding India's digital payments footprint internationally.· banking
The stack
Accounting gap: none