August 19, 2019
By Judith McKenna, President and CEO, Walmart International
When Flipkart joined the Walmart family, we said we would accomplish a lot together. And one year on, I’m proud to say we have.
Before joining us, the Flipkart team had already built one of the most customer-centric businesses in India. Today, I continue to be inspired by the passion, entrepreneurial spirit and creativity they bring to solving everyday problems for our customers in one of the most diverse and dynamic countries in the world.
Flipkart have had many successes over the past year, and there are a few I want to highlight, beginning with the way they care about their customers and communities right across India and beyond. In July, Flipkart made formal credit and retail more inclusive by launching a co-branded credit card, which is already receiving positive feedback from customers.
The team have also placed an emphasis on bringing small business owners onto the Flipkart platform through the Flipkart Samarth program - empowering artisans in communities big and small with unprecedented access to more than 150 million Flipkart shoppers. And earlier this year, Flipkart teamed up with Walmart Canada to launch their premium fashion platform, Myntra, on our Walmart Canada website. It’s a great example of how we can work together to make shopping for the latest Indian apparel easier and more accessible for our customers in Canada.
From the very beginning, Flipkart have built a culture of innovating with speed throughout their businesses. PhonePe – India’s leading digital payments platform which launched in 2016 – is a great example of this. In less than three years, PhonePe have surpassed 2 billion transactions. And as the team continue to look for new opportunities to grow, they recently added PhonePe's services to Walmart India’s B2B Cash & Carry stores. It’s another step toward providing small business owners with new payment options that create convenience. And, it’s another thoughtful way we’re connecting the dots across Flipkart and Walmart – strengthening both businesses in the process.