Publication - The Hindu Business Line
Edition - Online
Open Network For Digital Commerce (ONDC), set up as a non-profit company (like the National Payments Corporation of India), is a network that lets sellers voluntarily display their products and services across all participating apps and platforms. ONDC, a UPI of e-commerce, seeks to democratise digital or electronic commerce, moving it from a platform-centric model to an open network. It aims to sign up 900 million buyers and 1.2 million sellers on the shared network within the next five years while achieving a gross merchandise value of $48 billion. Yet, there is confusion as to how the space operates and how will it help to unlock growth for all the players involved in the ecosystem. ONDC has also entered the B2Bspace, which many believe will unlock another level of growth.
Please click on the link below: