UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Digital Economy and GST & Economic Survey - 2017

  • question_answer
    The Andhra Pradesh government has signed MoU with which payment network company to transform Vishakhapatnam into India's first 'less cash' city?

    A) MasterCard

    B) National Payments Corporation of India (NPCI)

    C) American Express

    D) Visa

    Correct Answer: D

    Solution :

    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 block chain. Visa will also provide support to Fin Tech 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.


You need to login to perform this action.
You will be redirected in 3 sec spinner