B2B Payments

Wal-Mart Plans For B2B E-Commerce In India

What’s Hot

Wal-Mart Stores Inc. plans to expand its e-commerce operation into India, as the company invests more into its wholesale stores in the country as well. Within the next five years, Wal-Mart says they will open 50 cash-and-carry wholesale stores. The first Best Price Modern Wholesale stores in India opened in 2009 and there are already 20 stores in the country.

“Wal-Mart is committed to India and we are excited about our growth plans. We will continue to focus on the cash-and-carry format as we are very happy with the way it has shaped up in the last few years,” says Scott Price, president and CEO, Walmart Asia.

This will be Wal-Mart’s eleventh online market, once the B2B ecommerce site is live. The move represents a way for Wal-Mart to get involved in India, despite the country’s restrictions against foreign regulators selling there, offline or online. One of India’s requirements is that retailers based outside the country source 30% of their products and services locally.

“The format is also poised to grow in India and we would like to serve the growing customer base by opening 50 new cash-and-carry stores over the next four-five years and extend the e-commerce platform to our cash-and-carry members with a virtual shopping opportunity.


“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.


Read the full article here.



Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The May 2019 PSD2 Tracker Report, is a go-to, monthly resource for updates on trends and changes regarding PSD2 and other privacy and data protection regulations.

Click to comment


To Top