Walmart India, PhonePe Bring Mobile Payments to B2B Stores
A key target in this announcement is the segment of mom and pop retailers in India, referred to as ?kiranas?. These shops �seek to stock up for their
- As some readers may recall, last year Walmart integrated India’s Unified Payments Interface (UPI) as a payment tool for their registered e-commerce platform members.
- UPI is a mobile real-time payments system managed by the National Payments Corporation of India (NPCI).
- This piece, posted in PaymentsSource, discusses a partnership between Walmart and PhonePe a mobile payments app that is part of the 2007 e-commerce startup FlipKart, which is now majority-owned by Walmart.
- ‘Walmart India will partner with the PhonePe network to offer a mobile payment option at Walmart’s B2B cash-and-carry stores.