Brace yourself for the biggest move towards digitizing your Kirana store. Local shops are now confined to a radius of a few kilometers in which they can deliver. At the same time, the app gives these retailers access to interest-free business credit within a few clicks. Kirana.store is a comprehensive platform to cater to the needs of ever growing needs of consumers. m.Paani is now looking forward to a new set of initiatives. This initiative has far-reaching consequences for the FMCG industry. Through such a value proposition, Shopmatic is facilitating an efficient omnichannel ecosystem for kirana stores across the country, thus digitally empowering them. As India is undergoing a digital revolution, cash transactions are steadily declining and digital modes of payments are gaining momentum. This … It helps to stop the spread of the … By planning on integrating merchants, consumers, and producers through this digital platform, Reliance Retail envisions to further digitization and inclusive growth, and share wealth with those at the bottom of the commerce and retail pyramid in India. This would enable them to operate in the same way and as efficiently as the larger enterprises and e-commerce players do. Change ). In India, PhonePe has a network of over 500,000 neighborhood stores providing ATM services for its users, who can go to kirana stores and transfer the amount of money they need to the store owner’s PhonePe … PayNearby is a division of Nearby Technologies, Indiaâs leading hyperlocal fintech network offering digital financial and non-financial services to underbanked and unbanked segments of the population. How these companies are digitizing kirana stores across India. Driven by its mission âHar Dukaan Digital Pradhanâ, Paynearby enables an average monthly business of 3.5 million transactions in the 115 Aspirational Districts of India. The company recently announced its plans to digitize kirana stores for the transformation of the unorganized retail market, as part of its âNew Commerceâ move. Reliance Retail will … Digitizing India’s Food Supply Chain. Digitizing kirana store transactions in Jaipur, Rajasthan Opportunity Transforming the fixed store ecosystem Designing a business model Product suite User experience and user interface design Sales and distribution model Developing a revenue model Key partnerships Concluding thoughts 2 9 16 20 31. Reliance Retail will leverage AI, ML, Blockchain, IoT, and cloud computing to empower these local retailers with an end-to-end digital and physical distribution stack. Also, fintech is another area in which Reliance is well positioned, it said identifying digitizing the kirana stores to accept digital payments … Khatabook operates a bookkeeping app that allows kirana stores or micro- retailers to manage financial transactions and accept payments online. After all, Small and Medium Businesses (SMBs) are the backbone of the Indian economy. Mumbai-based m.Paani which has been digitizing kirana stores since 2015 is now making sure no local shop is left behind. Here are the 7 Genius wats to earn more: Banking services – You can provide AEPS (Aadhar Enabled Payment System) services as they are easy to use, safe and secure payment platform. It also allows these local retailers to facilitate customized offers for customers in their area ordering on the app, giving instant credit for their purchases as well. The digitization of mom-and-pop stores in India and Indonesia allows shop owners to earn extra incomes while providing additional services to stores customers. Using their trademark product, Quicktile provides a brand new look to the store. There are several businesses looking to tap this opportunity coming from diverse angles, such as bookkeeping and collection software, to Shopify-equivalent customer-facing models,” said … Here are some trends that are playing a key role in digitizing retail stores-The entry of new players The company leverages AI, ML, and advanced analytics to create quick, simple, seamless, and efficient micro experiences that enable local retailers, referred to as âDigital Pradhansâ, to provide these assisted hyperlocal services. The Indian retail sector has experienced high growth over the … Indonesia. Tielman Nieuwoudt is a consultant focused supply chain, last-mile logistics, and informal retail service models in emerging markets. An Alfamart (with Alfaexpress brand) convenience store in Jakarta, Indonesia. Kirana are typically family-owned stores that operate in fixed locations and carry both basic food and non-food items. With Reliance Industriesâ recent announcement to digitize the countryâs neighbourhood stores doing the rounds these days, let us take a look at some companies that are working tirelessly towards digitally empowering the local retail ecosystem in India: Reliance Retail is the retail subsidiary of Reliance Industries Limited, an India-based multinational conglomerate company. 23 lakh crore in 2011-12. Currently, cash transactions allow greater flexibility in paying lesser taxes. The skyrocketing smartphone penetration in the country, coupled with one of the lowest data charges in the world, has helped bring India online. The startup has more than 8 million users in 700 districts and 10,000 cities in India. 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