Metro Cash & Carry to Introduce Mobile Payment Option
Wholesale retailer Metro Cash & Carry is working on tie-ups with digital wallet companies to offer mobile payment option to small traders and kirana shop owners, in the wake of demonetisation of Rs 500 and Rs 1,000 notes in the country.
Customers are seen at the cash desk of a Metro cash and carry store in Kiev, Ukraine, August 17, 2016. (Photo: Reuters)
Mumbai: Wholesale retailer Metro Cash & Carry is working on tie-ups with digital wallet companies to offer mobile payment option to small traders and kirana shop owners, in the wake of demonetisation of Rs 500 and Rs 1,000 notes in the country.
Other cashless payment options already available include cheques and net banking, besides debit and credit card payments, it said in a statement here.
"With over 60 per cent of all transactions by traders conducted in cash, the government's move does impact the wholesale trade sector...We already offer our customers a plethora of non-cash payment options, including debit, credit, electronic transfers and digital payments, and are working on making mobile payments an additional option," Metro Cash & Carry India MD and CEO Arvind Mediratta said.
The company aims to offer small and large business customers a clear record of their expenditure and buying patterns.
"Metro Cash & Carry will support customers with any information they may need to understand the regulations and on-ground implications of this significant move," he added.
The company entered the Indian market in 2003.
It currently operates 23 wholesale distribution centres, including six in Bengaluru, three in Hyderabad, two each in Mumbai and Delhi, and one each in Kolkata, Ludhiana, Jaipur, Jalandhar, Zirakpur, Amritsar, Vijayawada, Surat, Indore and Lucknow.
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