B2B Payments

Walmart B2B E-Commerce Coming To India

Walmart India announced recently that beginning in July, it will have B2B e-commerce options available to customers. Lucknow and Hyderabad are the two cities the retail chain is will start with, and eventually hopes to add 18 more stores.

Walmart India’s CEO Krish Iyer told Reuters that his company will not roll out to the other stores for the next six months, explaining that they want to hear feedback from customers and iron out any issues.

Currently, Walmart is allowed to retail in the country only as cash-and-carry, not as a multi-brand retailer.

In an interview with Mint, Iyer explained that foreign direct investment in B2C e-commerce is currently not allowed, and his organization will continue to study the regulatory environment.

“We will not jump the gun … primarily because our hands are full at this point in time and there is a lot to be done in cash-and-carry,” Iyer said. “We will continue to follow on our course of establishing B2B e-commerce in all the stores.”

Additionally, Iyer told the news source that he believes that the company can address a $50 billion market out of the total $300 billion worth Indian wholesale market. 

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

——————————–

Latest Insights: 

Facebook is a giant in the ad game, with 2.3 billion active monthly users and $16.6 billion in quarterly advertising revenue. However, its omnipresence makes it a honeypot for fraudsters. In this month’s Digital Fraud Report, PYMNTS talks with Rob Leathern, Facebook’s director of product management, on how the site deploys automated systems and thorough advertiser vetting to close the lid on fraudster attempts.

1 Comment

TRENDING RIGHT NOW

To Top