Andhra Pradesh, Visa sign MoU to make Vishakhapatnam India’s first less cash city
Posted on:25 Feb 2017 09:22:04
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25 February 2017 Current Affairs: Global payments network Visa has signed a memorandum of understanding (MoU) with the Andhra Pradesh Government to transform Vishakhapatnam into India’s first ‘less cash’ city.
Under this agreement, an initiative has been designed to provide foundation for the city to emerge as India’s ‘Fintech Valley’.
To achieve the goal, Visa will focus on driving payments digitisation and help to build the talent pool required in city organisations and in academia on emerging technologies like blockchain.
It will also provide support to FinTech start-ups by providing access to Visa’s APIs by providing subject matter expertise and participating in boot camps and hackathons.
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