Companies that help grocery shops go online

September 12, 2019 Finance Talk Valli Sarvani No comments

Now, due to the improvement in digital transactions, customers prefer to go online for almost all the things they buy.

However, it is difficult for small Kirana shops to go online. As these petty stores are present everywhere across the country, some companies are helping small grocery shops go online and connect to their customers easily.

PayNearby is a leading fintech network. It provides digital financial and non-financial services to people of the underbanked segment. The services include Aadhaar-based banking services, bank savings, bill and card payments, insurance services etc.

It uses advanced analytics to provide seamless and efficient services to local retailers. The company’s Digital Pradhan has around 3.5 million transactions in 115 districts of the country.

Reliance Retail, a subsidiary of Reliance Industries Limited announced its plans to digitize Kirana shops as part of its ‘New Commerce’ move. The company also uses advanced analytics and cloud computing to provide end-to-end digital and physical distribution stack to the local retailers. This enables the small stores to perform similarly as the large eCommerce stores do.

Metro Cash and Carry is the division of Metro, a Germany based internal company. It recently launched an app for grocery shops in association with ePayLater. The app, Digital Shop enables instant digitization of all business operations for grocery shops. There is no need of any additional investment.

The app helps to order the stock, manage inventory, track sales and ease the digital payment options. Retailers can also provide customized offers for their customers and gives instant credits for their purchases. The app also explores ways to improve the profitability of the shops.

Shopmatic aims to empower small businesses. It helps local retailers implement effective retail management system as soon as they set up their business online. With this, they can easily manage their customers and inventory. They can also reduce operational costs and offer loyalty points to their customers.

Image Credit : Mohamed hassan / CC0 (Free for commercial use)