Visa-AP Sign MoU To Make Vishakhapatnam ‘Less-Cash’ City
The world’s second largest card payment organization Visa has signed a memorandum(ज्ञापन of understanding (MoU) with Andhra Pradesh government to make Vishakhapatnam as India’s first ‘less-cash’ city. Aim : To provide 500 million underserved with a payment account by 2020. This is
the first step to design India’s ‘Fintech Valley’ that will act as a facilitator for information flow(बहे) . It will provide support to FinTech start-ups by providing access to Visa’s APIs, providing subject matter expertise, and participating in boot camps and hackathons. It will increase increase customer adoption of electronic payments by 75 per cent to 100 per cent.
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