State Bank of India, Coca-Cola India and Hindustan Coca-Cola Beverages have signed an agreement to enable over 2.6 million retailers and 5,000 distributors in conducting business transactions digitally.
Arundhati Bhattacharya, Chairman, SBI and T Krishnakumar, Chairman & CEO HCCBPL & Regional Director(South Asia) signed the MoU to forge the strategic partnership.
It entails initiating the digitisation process among the retailers by on-boarding them into the SBI’s digital payment options such as Buddy P2P, Buddy Merchant App, SBI Pay, a statement said here.
To aid a smooth transition process, Coca-Cola and SBI will provide training to the retailers on new and evolving digital business transaction solutions.
According to PTI, Krishnakumar said that their partnership with SBI is a step forward in this direction. The digital payment solutions in business transactions will help further strengthen their retail chain ecosystem covering over 2.6 million retailers and 5,000 distributors and will substantially reduce the dependence on cash.
