On 7th June, during his visit to Visakhapatnam, N Lokesh, the State IT and Panchayat Raj Minster said that the state government is making efforts to promote and popularize digital transactions. He was in the city to attend a workshop about transforming Vizag into a cashless city. Among the others who participated in the workshop were representatives from Fintech Valley, Visakhapatnam and Visa Inc. According to Lokesh, Vizag has been earmarked as a pilot project to develop the first ever cashless city in the country.
He said that it is important to create awareness about cashless transactions among people without pushing them. He added that it should also be ensured that the common people do not face additional financial crisis due to digital transactions. According to him the city of Visakhapatnam is most likely to go cashless in the next 10 months.
Lokesh said that the government is putting in a lot of efforts to invite premier IT firms across the globe to set up their operations in AP, especially in Visakhapatnam. He added that in the next two years, Vizag will be transformed into an IT hub. According to him, since the state government is not really keen on the usage of high denomination currency notes in the state, they will promote the use of smart cards for cashless services at all the public as well as private organizations which would include retail stores as well as government offices.
While addressing the gathering he said that economic equality in India will come only once the high denomination currency is demonetized. He added that when it comes to adopting technology, Andhra Pradesh is by far the best in the country. This can be proved from the successful implementation of ePOS in the public system.
Pravin Kumar, the District Collector went on to elaborate on the various measures that are used during the demonetization of high value currency note.
According to Prof. Nageswara Rao, the Vice Chancellor of Andhra University, when it comes to adoption of digital transactions, the university has proved to be the flag bearer. In the university everything from fee payments to hostel fees and canteen bills is paid through electronic transactions. N. Lokesh went on to suggest that the students of the Andhra University should be trained in digital transactions and then should be encouraged to spread awareness about it among the citizens.