Paytm signs MoU with Government of Andhra Pradesh at Global Investors Summit 2023, to drive initiatives in Financial Inclusion, Public Health, Cyber Security

byPreeti VermaLast Updated: March 9, 2023

As India’s leading payments and financial services company and the pioneer of QR and mobile payments, we have today announced that we have signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh (GoAP) on the sidelines of the Andhra Pradesh Global Investors Summit 2023. The agreement aims to promote mutual cooperation in the areas of Industrial Development, Financial Inclusion, Public Health, Cyber Security and Prevention of Financial Frauds in the state of Andhra Pradesh.

The agreement was signed in the presence of Shri Saurabh Gaur, Secretary, Information Technology, Electronics and Communications, Government of Andhra Pradesh and Shri Vijay Shekhar Sharma, Founder, Managing Director and CEO of Paytm.

Under the MoU and in alignment with its mission of bringing half a billion Indians into the mainstream economy, we plan to empower merchants, street vendors, and ChiruVyaparulu (street hawkers) in Andhra Pradesh to accept digital payments and provide them access to loans through its lending partners. We plan to extend our platform to the Government of Andhra Pradesh for providing eGovernment services, which will be conveniently accessible to all our Super App users.

Additionally, we plan to empower various GoAP departments to accept digital payments from citizens and businesses, thereby enhancing service delivery for the people of Andhra Pradesh. We have proposed to also enable the digitization of toll plazas across the state to accept payments digitally. 

In the area of Public Health, we proposed to collaborate with the State Health Authority in facilitating seamless OPD appointment booking at government and private hospitals under the forthcoming Unified Health Interface (UHI) programme. As part of our commitment to promote safe and secure digital payments, we plan to conduct cybersecurity training for Andhra Pradesh police personnel and launch a joint campaign to raise awareness of cybersecurity best practices among citizens, particularly those residing in non-urban areas.

“We are happy to partner with the Government of Andhra Pradesh in their journey of sustainable development through inclusive growth. We are fully committed to driving Financial Inclusion at the last mile and this partnership is a step in that direction. We will continue to empower the people of Andhra Pradesh by enabling lakhs of small businesses with mobile payments and access to various financial services.”

– Vijay Shekhar Sharma, Founder and CEO, Paytm