Fintech Valley Vizag, APEITA (A.P. Electronics and IT Agency) is developed a self-sustainable global ecosystem, will stand get advantage due to the centre’s budgetary proposal to develop blockchain and Fintech under the Digital India program.
The publication brought happiness among IT entrepreneurs. The State government arranged APEITA is an autonomous body to encourage investments and showcase Visakhapatnam as the Fintech hub in normal and blockchain hub in particular, and has already introduced Fintech Valley Accelerator Program.
The accelerator project has Mahindra Finance and ICICI Bank as corporate associates, and Microsoft as the technology and acceleration partner.
Fintech has already invited operations by Paytm, Visa, Templeton and MasterCard, Thomson Reuters and Conduent are in the process of inauguration their campuses in the city.
“We are very happy with the focus. Fortunately, Andhra Pradesh is the first State to identify a city to be developed as a Fintech and blockchain hub. Number of incentives will be offered by both the Centre and the State to the new investors in these areas,” Maple Software CEO and CII immediate past State chairman G.S. Shiv Kumar said.
Rushikonda IT Parks Association vice-president O. Naresh Kumar told Fintech Valley Vizag would take a Solid shape if encouragement were allowed both State and center with certain time-lines.
“The Finance Minister has announced the Centre’s intent to deal with blockchain technology to further strengthen the country’s Digital India agenda. While there is a raised in using blockchain technology throughout the sectors, we are yet to cut the surface and equipment the appropriate potential of the technology,”
IT Advisor and Special Chief Secretary to Chief Minister, expressed. Mr. Chowdary told allotted Ledger System in the blockchain technology had huge potential to modernize the way governments, academies,
and corporates worked.
“The State government has already taken the lead in encouraging blockchain and has a vision enhancing blockchain-enabled across its digital assets by 2019,” he expressed.