Open Network for Digital Commerce (ONDC): Revolutionizing Digital Commerce in India
techsathi.com · Fri May 12 02:27:19 GMT 2023
India is one of the fastest-growing economies in the world, and digital commerce has emerged as a key driver of this growth. However, the digital commerce ecosystem in India is still fragmented, with multiple payment systems, logistics providers, and merchants operating in silos. This fragmentation not only creates friction in digital commerce but also limits the potential of small and medium-sized businesses to participate in the digital economy.
To address this challenge, the Indian government has launched the Open Network for Digital Commerce, or ONDC. This initiative aims to establish a shared digital infrastructure that will enable seamless integration between different merchants, payment systems, and logistics providers. The project is a collaboration between the National Payments Corporation of India (NPCI) and the Ministry of Commerce and Industry, with the goal of enabling seamless digital transactions and commerce across all sectors of the economy.
Read full story at source (techsathi.com)