To enable safe and secure digital solutions at the state level, Government of Andhra Pradesh signed a Memorandum of Understanding (MoU) with American multinational financial services corporation Mastercard.
The firm will drive financial inclusion, cyber security and digital transactions for farmers to make AP as a cashless society. It will setup centre of excellence in Fintech valley Vishakapatnam and will organise business summit in every year.
The MoU which will be valid for two years, was exchanged in Delhi on Thursday in the presence of Andhra Pradesh Chief Minister N Chandrababu Naidu and CEO of Mastercard Ajay Banga.
Speaking on the occasion Naidu said, “This association with Mastercard draws us closer to our goal of making Andhra Pradesh a hub for IT and Internet of Things (IoT) in the coming years,” reports ET
Master card which has invested over $550 million in the last three years, plans to invest additional $750 million in India for activities such as cybersecurity, mobile and digital payments, smart cities and wallets.
