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HCCB & SBI's Strategic Partnership to Support Digital India

With an aim to Transform India’s Payment Ecosystem, by enabling over 2.6 million retailers on digital payment solutions by 2020, Hindustan Coca-Cola Beverages Pvt. Ltd & State Bank of India announced a Strategic Partnership on January 3, 2017 in Mumbai. The MOU was signed by T Krishnakumar, Chairman and CEO, HCCB & Region Director – South Asia & Arundhati Bhattacharya, Chairman, State Bank of India. Senior management of the SBI and Harsh K Bhutani, Shukla Wassan & Gunjan Dhawan from HCCB were also present on the occasion.

Key messages from KK
We recognize and support 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.

Key message from Ms. Arundhati Bhattacharya
We are happy to announce this Joint endeavor by two leading organizations 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."

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SBI also shared the video of the MoU signing ceremony on their Twitter handle -