Squeezed Massmart to outsource payment services in bid to streamline functions
21 January 2021 - 08:35
UPDATED 21 January 2021 - 12:55
Massmart, owner of Builders Warehouse and Game, is outsourcing its supplier payment services to Genpact, a global financial services firm, as the unprofitable retailer enacts a turnaround strategy.
The company, owned by the world’s largest grocer, Walmart, announced a turnaround plan in 2020, which included closing tech chain DionWired and streamlining its four divisions into two. ..
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