B2B Payments

Walmart B2B E-Commerce Arrives In India

Walmart India announced last month that it would soon be bringing B2B e-commerce options to the nation. At the time, Walmart India’s CEO Krish Iyer told Reuters that his company can address a $50 billion market out of the total $300 billion worth Indian wholesale market.

Well, it is now time to meet that goal, as according to a Walmart India announcement, B2B e-commerce has arrived in the nation.

The Wall Street Journal reported that the online services will be offered only to registered members of its wholesale, cash-and-carry stores in the Indian cities of Hyderabad and Lucknow. With the new stores, Walmart explained in a statement that staff members can now deliver goods to customers in 24 hours.

The Journal reported that Wal-Mart has had to slow its expansion in India as restrictions on foreign investment have made it difficult for the company to be competitive. For example, Walmart is allowed to retail in the country only as cash-and-carry, not as a multi-brand retailer.

However, the outlook is positive. The Journal cited data from Technopak Advisors, which predicts India’s online retail market could grow as much as 16 times in the next five years to $38 billion.

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

——————————–

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 PYMNTS Next-Gen AP Automation Tracker, is a monthly report that highlights the most recent accounts payable developments and automated solutions that are disrupting how businesses process invoices, track spending and earn rebates on transactions.

Click to comment

TRENDING RIGHT NOW

To Top