Coca-Cola Beverages Pvt. Ltd., State Bank of India & Coca-Cola India partner towards Digital Solutions & Literacy Initiative
- Aims to transform India’s Payment Ecosystem by enabling over 2.6 million retailers on digital payment solutions by 2020
Mumbai, January 3, 2017: Hindustan
Ms. Arundhati Bhattacharya, Chairman, State Bank of India and Mr. T. Krishnakumar, Chairman & Chief Executive Officer – HCCBPL. & Region Director – South Asia, signed an MOU, which entails initiating the digitization process with retailers by onboarding them into the SBI’s digital payment options such as Buddy P2P, Buddy Merchant App, SBI Pay. To aid a smooth transition process, along with SBI authorised trainers,
Speaking at the MoU signing ceremony, Arundhati Bhattacharya, Chairman, State Bank of India said, “We are happy to announce this joint endeavour by two leading organisations in response to our Hon’ble Prime Minister’s vision for a Digital India. Our digital payment platforms such as Buddy, SBI Pay and State Bank Collect provide our customers easy-to-use and convenient modes of transactions. They also act as the tip of the spear for onboarding consumers and merchants to our larger range of financial products.”
Speaking on the occasion, Mr. Krishnakumar said, ““We recognize and support the Government’s vision of “Digital India” centered on making India a digitally empowered economy. We have been forerunners in the digital solution space and while all of our payment to Suppliers and more than 90% of our collections from our partners are digitized, we propose to extend this facility to every retailer in the marketplace. Our partnership with SBI is a step forward in this direction. The digital payment solutions in business transactions will help further strengthen our retail chain ecosystem covering over 2.6 million retailers and 5000 distributors and will substantially reduce the dependence on cash. There is huge potential in e-commerce and m-commerce space, and this partnership between HCCBPL and SBI will go a long way in capitalizing on these fast growing opportunities”.
Mr. Venkatesh Kini, President,
HCCBPL and CCIPL will leverage “Coca-Cola University on Wheels” (CCU) under its “Parivartan” program to train the retailers and distributors on handling digital payments. The training will integrate SBI’s developed digital payments module into the training capsule. Additionally, HCCBPL, SBI and CCIPL will create a customized payment solution for retailers and distributors selling
Coca-Cola Beverages Pvt Ltd
HCCBPL has always placed high value on good citizenship and to that end, is supporting communities by enhancing skills of rural youth through Career Development Centre, improving the lives of communities around its bottling plant by very focussed intervention in the areas of access to safe drinking water, sanitation and promoting sustainable agriculture through Integrated Watershed Management Projects under Public-Private-Community partnerships.
In the recent past, Hindustan
For further information on HCCB’s operations and its products, please visit www.hindustancoca-cola.com.
About State Bank of India
State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, branches, customers and employees. The Company has well entrenched Domestic, International and Treasury Operations. State Bank Group consists of SBI and five associate banks. As on March 31, 2016, the group has an extensive network, with over 22,000 branches in India and 198 offices in 37 other countries across the world in all time zones. It has a strong network of 59,000 group ATMs. With more than 4.4 lac touch points through branches, CSPs, Points of Sale and ATMs, it caters to a customer base of more than 30 crore. Market leader in Online, Mobile and Social Media Banking, SBI is spearheading the cash-less revolution in India. SBI’s non- banking subsidiaries / joint ventures are market leaders in their respective areas and provide wide ranging services, which include investment banking, life insurance, general insurance, mutual funds, credit cards, factoring services, security trading, etc making the State Bank Group a truly large financial supermarket and India’s financial icon.
Coca-Cola India is one of the country’s leading beverage companies, offering a range of healthy, safe, high quality, refreshing beverage options to consumers. Since its re-entry in 1993, the company has been refreshing consumers with its beverage products –