• Language icon
  • ONDC Logo

    Do you want to change your default language?

    Continue Cancel

    Is ONDC The Next UPI?

    • ONDC
    • By   ONDC

    Publication - Inc42 Media
    Edition - Online

    The payment landscape in India has transformed remarkably over the past decade with the development of the country’s Digital Payment Infrastructure (DPI). In a bid to bolster financial inclusion, the Government of India strategically introduced an array of DPI initiatives, such as the Unified Payments Interface (UPI), Aadhaar, Data Empowerment and Protection Architecture (DEPA), and Digilocker.

    Of these, with a CAGR of 168%, UPI is one of the Indian economy’s biggest success stories. Before the introduction of UPI in 2016, the share of digital transactions in India was only 11.3%. By the end of 2022, it had reached 80.4%. India now accounts for ~ 46% of the global real-time payments, which is more than the transactions of the next four countries combined.

    Please click on the link below:

    Is ONDC The Next UPI?
    India now accounts for ~ 46% of the global real-time payments, which is more than the transactions of the next four countries combined
    Tag:

    News

    Keep reading

    ONDC is making e-commerce space democratised for all players

    9 months ago · 1 min read

    ONDC is making e-commerce space democratised for all players

    Transactions in ONDC seeing growth across the board

    9 months ago · 2 min read

    Transactions in ONDC seeing growth across the board

    Tomato Price Rise: NCCF To Sell Subsidised Tomatoes On ONDC In Delhi

    9 months ago · 1 min read

    Tomato Price Rise: NCCF To Sell Subsidised Tomatoes On ONDC In Delhi

    ONDC কেৰিয়াৰ

    ONDC Participant Portal

    Begin and efficiently manage your journey on ONDC Network

    • Understand and select your role(s)

    • Track, manage and troubleshoot your integration

    • Discover and collaborate with others

    • Stay informed on network developments and announcements