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Demonetization effect: Andhra government launches ‘AP Purse’ mobile app


21 Jun 2013
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Andhra Pradesh Chief Minister N. Chandrababu Naidu launched the AP Purse mobile app, which presently has 13 mobile banking and 10 mobile wallets available and can help people pay their bills and carry out their cash transactions. Speaking on the occasion, Naidu said people should opt for mobile banking to come out of the present small currency crisis. The government will encourage people including students to improve digital financial literacy among people. He said the government will provide incentives to the agents named ‘Marpu Nestam’.

Naidu said engineering students would be encouraged to train people in mobile banking transactions using several wallets, adding this would help the students to earn while learn. The government would recognize the services of engineering colleges and students for their service to society at the time of currency crisis. The Chief Minister said that the state government introduced cashless transactions at fair price shops and completed the 70 percent of transactions using Aadhar linkage to provide relief to people suffering from shortage of small currency.

He said that the state government has been making efforts to solve the currency crisis and the situation likely to improve soon. He said that Rs 2,472 crore is available with banks and the state will receive Rs. 1,100 crore on Wednesday.

Naidu said that as a convener of the committee on post demonetization crisis and digital transactions, he would head a meeting scheduled to be held at Mumbai on December 8 and discuss the problems being faced by people for small currency and alternative measures to be adopted to ease the situation.

Demonetization effect: Andhra government launches ‘AP Purse’ mobile app
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