Global payments network Visa has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to help transform Vishakhapatnam into India’s first ‘less cash’ city.
This initiative is designed to provide the foundation for the city to emerge as India’s ‘Fintech Valley’.
Another focus area of Visa will be to provide support to FinTech start-ups by providing access to Visa’s APIs, providing subject matter expertise, and participating in boot camps and hackathons.
What can be the possible questions from above news:
Q1. Global payments network VISA has signed an MoU with which Indian state to help transform its one of the city into India’s first ‘less cash’ city.
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Source- Business Standard