Publication - Money Control
Edition - Online

The government-backed Open Network for Digital Commerce (ONDC) transaction volume grew 15 percent to over 7.5 million in February from the previous month, sources have told Moneycontrol.

The interoperable network clocked 6.5 million transactions in January. In effect, the average number of daily transactions on the network grew 23 percent to over 258,000 in February, which is a shorter month.

Of the 7.5 million transactions, 3.8 million were in the ride-hailing bucket via the Namma Yatri platform. The remaining 3.7 million were retail purchases.

The share of retail purchases in the total monthly transactions stands in stark contrast to early 2023, when it accounted for only 5-10 percent, with the mobility category dominating with 90-95 percent of all transactions.

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ONDC records over 7.5 million transactions in February, up 15% from previous month

ONDC clocked 7.5 million transactions in February, of which 3.8 million were for ride hailing and the remaining 3.7 million were retail purchases

MoneycontrolDeepsekhar Choudhury