Andhra Pradesh Government has launched AP Purse mobile application to promote digital transactions among the people.
It was launched by Chief Minister N Chandrababu Naidu in Vijayawada to solve the cash crunch problem in the state following demonitisaton of high value old currency notes.
- The application features 13 mobile banking and 10 mobile wallet options. Using this application people can pay their bills and carry out their cashless transactions.
- Besides, Government will rope agents named ‘Marpu Nestam’ to improve digital financial literacy among people. They will be provided with incentives.
- Engineering students will be encouraged to train people in mobile banking transactions using several wallets. This would help the students to earn while learn.
- State government introduced cashless transactions at fair price shops and completed 70% of transactions using Aadhaar linkage to provide relief to people suffering from shortage of small currency.