State Bank of India (SBI) and Hindustan Unilever Ltd (HUL) have signed a memorandum of understanding (MoU), under which the bank will provide its digital payment and financing solutions to the FMCG company’s retailers and distributors.

Also read: PhonePe to onboard over 25 million small merchants across India

SBI will offer an instant paperless overdraft facility of up to ₹50,000 to retailers for their billings with distributors as well as financing facilities to HUL’s distributors.

To ensure that customers get the option of digital payments in smaller towns as well, the bank will install point of sale (PoS) machines at multiple HUL touchpoints across the country, SBI said in a statement.

Additionally, it will provide UPI-based solutions to HUL retailers for hassle-free, safe and instant cashless payments to their dealers from HUL’s retailer application ‘Shikhar’. The bank will also offer HUL employees the option of a corporate salary package via

Read More

The MarketWatch News Department was not involved in the creation of this content.

Sep 07, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry”.

Global “Sponge Coke Market” report analysts are experts in deeply evaluating the growth potential of each and every segment studied in the report. It assists market participants to focus on high-growth areas of the Sponge Coke market and plan powerful business tactics to secure a position of strength in the industry.This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region.

These analyses will help the reader to understand the potential worth of investment in a particular region.The Sponge Coke market report

Read More