Consumer goods majors push e-payments after note ban

Nestle joins hands with NPC; Samsung launches integrated mobile payments service

After getting hit by last November’s note ban, with much loss of sales, prominent consumer goods companies are now promoting cashless transactions.

Nestlé, PepsiCo and Samsung are examples of the recent trend, of either streamlining internal transactions through the digital mode or luring consumers with an integrated mobile payments platform.

Fast moving consumer goods (FMCG) entity Nestlé India had lost an estimated Rs 100 crore in retail sales during the December quarter, after demonetisation. It has partnered with National Payments Corporation of India (NPCI) to educate and enable its retailers to adopt the digital mode of transactions. 

“We are actively