Walmart launches credit card for members of wholesale B2B Cash & Carry stores

HYDERABAD, Dec 2:Walmart India,in partnership
withHDFC Bank,on Monday launched a co-branded credit card
exclusively for members of its Best Price Modern Wholesale
“B2B Cash & Carry” stores, offering “free credit up to 50

The card was launched here at Best Price Storeby Krish
Iyer, President and CEO, Walmart India and Parag Rao, Country
Head, Payments Business and Marketing, HDFC Bank.

Simultaneously, the card was launched at 26 other Best
Price Modern Wholesale Store locations across the country.

“I think, for our members, it is absolutely momentous
occasion because this is the first time, our members in the
kirana segment,…, in the offices and institutions segments
and all our small resellers will be able to avail credit
through digital and for a period ranging between 18 and 50
days and this credit is free…,” Iyer said.

Walmart would continue to open more stores in the
country, he said.

It would soon open a store at Kurnool in Andhra
Pradesh, he added. (PTI)