Q. The Andhra Pradesh government has signed MoU with which payment network company to transform Vishakhapatnam into India’s first ‘less cash’ city?
Answer: Visa
Notes: The Andhra Pradesh government has signed MoU with Visa to transform Vishakhapatnam into India’s first ‘less cash’ city. As per MoU, this initiative is designed to provide the foundation for the city to emerge as India's 'Fintech Valley'. For this, Visa will focus on driving payments digitisation, and work with the city to help build the talent pool required in city organisations and in academia on emerging technologies like blockchain. Visa will also provide support to FinTech start-ups by providing access to Visa's APIs, providing subject matter expertise, and participating in boot camps and hackathons. The state government has also signed a MoU with Thomson Reuters for cooperation in Fintech initiatives in the state.
