India’s leading Wholesaler plans to partner with digital wallet companies to enable cashless transactions and mobile payments
Bangalore, November 15, 2016: In the wake of Government of India’s latest move on demonetisation of Rs.500 and Rs.1000 notes, METRO Cash and Carry, India’s leading wholesaler is offering a host of payment options for a seamless and convenient shopping experience, to small traders and kirana shop owners. These payment options include debit and credit cards, cheques and net banking. The company is already looking at tie-ups with digital wallet companies to make cashless transactions and mobile payments possible.Mr. Arvind Mediratta, MD & CEO of METRO Cash and Carry India said, “With about 60%* of all transactions by traders conducted in cash, the Government’s move does impact the wholesale trade sector. However, being committed to championing the growth of small, independent businesses, we already offer our customers a plethora of non-cash payment options, including debit, credit, electronic transfers and digital payments, and are working on making mobile payments an additional option. A key advantage we also offer our customers is the transparency of our transactions, which offers our small and large business customers a clear record of their expenditure and buying patterns. METRO Cash & Carry will support customers with any information they may need to understand the regulations and on-ground implications of this significant move.
For further assistance, traders can call the toll-free number 1860-266-2010.
*BCG Retail 2020, Ernst and Young, Deloitte, indiaretailing.com, Economist Intelligence Unit, Euromonitor, TechSci Research
About METRO Cash & Carry
METRO Cash & Carry is represented in 25 countries with around 750 self-service wholesale centres. With more than 117,000 employees worldwide, the company achieved sales of about € 30 billion in 2014/15. METRO Cash & Carry is a sales division of the METRO GROUP. METRO Cash & Carry entered the Indian market in 2003. The company currently operates twenty-three wholesale distribution centres including six in Bangalore, three in Hyderabad, two each in Mumbai and Delhi, and one each in Kolkata, Ludhiana, Jaipur, Jalandhar, Zirakpur, Amritsar, Vijayawada, Surat, Indore and Lucknow.
