Andhra Pradesh-Singapore Pact in Financial Services

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Andhra Pradesh government has signed agreement with the Monetary Authority of Singapore (MAS) to promote innovation in financial services in their respective markets.

Under the FinTech Cooperation Agreement, MAS and the state government will explore joint innovation projects on technologies such as digital payments and block-chain, collaborate on development of education programmes and curricula on fintech (financial technologies).

The Singapore’s central bank (MAS) and the Andhra Pradesh government have also agreed to discuss emerging FinTech trends and exchange views on regulatory issues related to innovations in financial services.

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