Walmart India activates UPI on its B2B e-commerce platform for all registered members

Walmart India, a wholly-owned subsidiary of Walmart Inc, on Thursday, activated unified payments interface (UPI) for all its registered members. This payment solution will enable members, especially resellers, who shop online at Walmart India’s B2B e-commerce site www.bestprice.in, to make direct and secured payments online from their bank account without sharing bank details. This will especially benefit 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 member. The company’s Chief Corporate Affairs Officer Rajneesh Kumar said, “This initiative reiterates our commitment to enable small businesses, especially resellers, 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 with the expectation that the UPI system will boost online transactions, the initiative will certainly complement efforts to make India a digital economy.

Reference: firstpost.com

About the Author

Amin Lalani
Amin Lalani is a subject matter specialist in Internet Retailer with several articles and research paper published so far. He has done M.Phil from IoBM in Marketing with emphasis on Internet Retailing. Besides academia he has various other certification like SAP, Google Analytic, Microsoft Small Business Solution Provider and more.

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