LUCKNOW: Walmart India, a wholly-owned subsidiary of Walmart Inc, on Thursday activated unified payments interface (UPI) for all its registered participants. This payment solution will permit participants, especially kiranas/resellers, who store online at Walmart India's B2B e-commerce web site www.bestprice.in, to make direct and secured payments online from their bank account with out sharing financial institution details, the global retail giant said in a press liberate on Thursday.
"This will especially benefit kirana members who neither hold any credit/debit card nor have the time to visit banks for making RTGS payments. UPI is in addition to various other payment modes such as credit card, debit card, net banking and e-wallets that Walmart India offers to its members," it said.
The company's Chief Corporate Affairs Officer Rajneesh Kumar said, "This initiative reiterates our commitment to enable small businesses, especially kiranas, prosper. This payment solution will help our members spend more time with their customers and serve them better as they do not have to step out of their stores to visit banks for making payments."
Kumar said that with the expectancy that the UPI device will spice up online transactions, the initiative will definitely supplement efforts to make India a virtual economic system.
"This will especially benefit kirana members who neither hold any credit/debit card nor have the time to visit banks for making RTGS payments. UPI is in addition to various other payment modes such as credit card, debit card, net banking and e-wallets that Walmart India offers to its members," it said.
The company's Chief Corporate Affairs Officer Rajneesh Kumar said, "This initiative reiterates our commitment to enable small businesses, especially kiranas, prosper. This payment solution will help our members spend more time with their customers and serve them better as they do not have to step out of their stores to visit banks for making payments."
Kumar said that with the expectancy that the UPI device will spice up online transactions, the initiative will definitely supplement efforts to make India a virtual economic system.
Walmart India activates UPI on its B2B e-commerce platform
![Walmart India activates UPI on its B2B e-commerce platform]()
Reviewed by Kailash
on
August 17, 2018
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