Publication - The Economic Times
Edition - Online
The government-backed Open Network for Digital Commerce (ONDC) is planning to introduce financial services, including credit and insurance products, to customers over the next few months, the network's chief executive officer, T Koshy, said in New Delhi on Friday. The move comes as ONDC is aiming to process one lakh non-mobility orders and a similar number of mobility transactions per day by the end of this year.
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ONDC eyes entry into financial services with credit, insurance products
An ecommerce trends report launched by Shiprocket noted that consumer spending in India is expected to exceed $4 trillion, clocking a compound annual growth rate of 10%.
