New Delhi, July 7 (KNN) Metro Cash and Carry has partnered with technology startup Chqbook.com to offer wide range of financial products and solutions to SME customers.

With 3 million transacting customer’s base across 25 wholesale stores in the country, Metro Cash and Carry said that its initiative will give SMEs access to best rates, lower fees and cash-back on credit and debit cards.

Commenting over this partnership, Arvind Mediratta, chief executive officer, Metro Cash and Carry India said “Our partnership with Chqbook.com will provide a large financial marketplace to our 3 million customer base.”

 It has been our constant endeavor to deliver the best technological and financial support to SMEs to augment the efficiency of their business operations, he added.

Chqbook.com’s marketplace will provide financial services to Metro customers in the B2B sector exclusively.

It brings competitive rates and fees from more than 40 Banks, NBFC’s and credit card companies, allowing easier comparisons, instant eligibility checks and quick approvals.

It will also offer pre–approved products for Metro customers across Home Loans, Business Loans, Personal Loans, Insurance, Credit Cards, and other Financial Services.

To facilitate SMEs, Chqbook.com will work with banks and payment providers to bring cash-backs, zero EMI products and pay-later schemes, making purchasing at Metro seamless and helping SME’s and others save financing costs. 

Its recommendation algorithm automatically suggests the right products between various categories, giving customers instant approval, paperless documentation and a digital on–boarding experience resulting in quick disbursals and issuance. 

Talking about chqbook.com, Vipul Sharma, chief executive officer, chqbook.com said that our technology, understanding of the financial services sector and our deep commitment to customer service are the cornerstone to create a world class financial service platform.

He said “We found a synergy in Metro and Chqbook.com’s approach of unlocking customer value through marketplaces”.

In the SME universe, this alliance will help both existing and new customers as they will benefit from the range of products and solutions that Chqbook.com is offering.