BENGALURU: Big Bazaar has tied up with State Bank of India and enabled mini ATMs across all 260 stores to help consumers withdraw cash while they shop.
This move comes at a time when demonetization of Rs 500 and Rs 1000 notes have slowed down consumer goods industry as cash has become a scarce commodity.
Now one can withdraw 2000rs from bigbazaar using your debit card from this Thursday onwards pic.twitter.com/UH3BjLZbra
— Kishore Biyani (@kishore_biyani) November 22, 2016
Experts say that this strategic move will help the company drive footfalls in the stores and increase their conversion rates to push sales. This in turn will help the FMCG industry as Modern trade stores, which operate on digital payments, are now vital for growth for most consumer goods as inventory piles up in cash-led traditional trade.