What is ONDC? Benefits and challenges explained
2 years, 4 months ago

What is ONDC? Benefits and challenges explained

Live Mint  

Open Network for Digital Commerce or ONDC is a community-led network that aims to create an open, inclusive and competitive marketplace. Equity research firm Jefferies said in a recent report that compared to the Unified Payments Interface, ONDC is complex. ONDC is in advanced discussions with over 80 companies for integration including Paytm, Dunzo, PhonePe, Go Frugal, Growth Falcons and Reliance Retail. Jefferies report on ONDC lists some of the opportuinities and challenges Opportunites 1) Lower entry barriers to promote competition and in turn market growth. 4) Growth in seller base will not necessarily improve buyer experience on the network.

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History of this topic

ONDC encouraging ride-hailing apps to increase penetration beyond metro cities: MD and CEO T. Koshy
1 week, 1 day ago

ONDC encouraging ride-hailing apps to increase penetration beyond metro cities: MD and CEO T. Koshy

Live Mint  

The Open Network for Digital Commerce is working with existing network participants as well as interested apps to increase penetration in tier-II and tier-III markets, thereby enabling a truly democratised mobility ecosystem, T. Koshy, the managing director and chief executive officer of the body, said during a media discussion on Monday. While innovation and methods to expand serviceability lies in …

Cross-border trades to be a game-changer for ONDC: CEO T Koshy
11 months, 2 weeks ago

Cross-border trades to be a game-changer for ONDC: CEO T Koshy

Live Mint  

The government’s Open Network For Digital Commerce, a decentralised protocol for e-commerce, mobility and other online platforms, recently conducted its first international transaction with a Singapore-based business-to-business network, Proxtera. ONDC’s chief executive T Koshy expects cross-border transactions on the network to continue growing rapidly, enabling merchants to make their products available globally, boosting exports. The ONDC network protocol operates without …

Why ONDC can’t be a UPI of e-commerce? All you need to know
1 year, 6 months ago

Why ONDC can’t be a UPI of e-commerce? All you need to know

Live Mint  

By now you must have checked out ONDC if you often order food at home. While the core concept behind ONDC is to replace the platform-centric e-commerce from an open network, it will complement the existing e-comm platforms if they become part of it. The difference between the key categories for ONDC and Meesho has turned out to be a …

Food delivery platform ONDC offers food cheaper than Swiggy, Zomato
1 year, 7 months ago

Food delivery platform ONDC offers food cheaper than Swiggy, Zomato

Live Mint  

With food delivery tech platforms Zomato and Swiggy competing with each other, a new platform, built by the Indian government, is emerging to be a tough competitor. Open Network for Digital Commerce allows the restaurants sell food directly to consumers, without the need of a third party. Though the food delivery tech platform has been around since September 2022, it …

Amazon to join India’s ONDC network
1 year, 10 months ago

Amazon to join India’s ONDC network

Live Mint  

New Delhi: E-commerce giant Amazon announced Friday that it will join the Indian government’s ONDC platform, and as part of its initial collaboration will integrate its Smart Commerce and logistics services with the ONDC network. Amazon logistics services include pickup and delivery, while Smart Commerce is a suite of SaaS products hosted on AWS that can assist MSMEs build and …

India may soon have single e-commerce platform
2 years, 1 month ago

India may soon have single e-commerce platform

The Hindu  

India may soon have a single e-commerce platform that will bring together buyers, sellers, logistics players, and payment facilitators, empowering consumers with a wide array of products, vendors, and price options. Speaking on the occasion, Piyush Goyal, Union Minister for Commerce and Industry, said this open network would have the ability to transform e-commerce not only in India, but also …

The promise of ONDC and the challenges it will face
2 years, 3 months ago

The promise of ONDC and the challenges it will face

Live Mint  

In the first half of 2016, when the Unified Payments Interface which enables real-time payment or transfer of funds between banks was launched, a black swan event in the form of demonetisation in November that year provided the major ballast that was required for digital payments to take off in India. What was touted as the WhatsApp moment for India …

ONDC is the disruption Indian commerce needs
2 years, 5 months ago

ONDC is the disruption Indian commerce needs

Live Mint  

Favourable stories from Indian cities currently seeing a pilot run of the Open Network for Digital Commerce have started trickling in. Thus, as argued by Nandan Nilekani and V. Anantha Nageswaran in their article, ‘Open Network for Ecommerce: It’s an Idea Whose Time Has Come’, ONDC envisions “equal opportunity participation". This could be done by firms like Mensa and Upscalio, …

What will it Take for ONDC to be as Successful as UPI?
2 years, 5 months ago

What will it Take for ONDC to be as Successful as UPI?

News 18  

One of the most outstanding catalysts behind India’s digital revolution has been UPI, projected to cross the Rs 100 trillion mark soon. Often visualised as a separate “competitor” platform, most media seem to suggest that ONDC aims to go into a direct confrontation with big e-commerce platforms. These charges are creating the weakness in the market that ONDC is supposed …

ONDC Can Become Next UPI, Says IT Minister Ashwini Vaishnaw
2 years, 5 months ago

ONDC Can Become Next UPI, Says IT Minister Ashwini Vaishnaw

News 18  

Union IT minister Ashwini Vaishnaw on Tuesday exuded confidence that Open Network for Digital Commerce can become the next UPI, one of India’s most successful digital products. Just look how you can leverage it for your business,” said Vaishnaw in his address after inaugurating the ‘National Startup Conference’ at Mahatma Mandir convention centre here as part of the Digital India …

Bihar lags and Gujarat tops again in ranking for startups
2 years, 5 months ago

Bihar lags and Gujarat tops again in ranking for startups

Live Mint  

Bihar and Ladakh continued to perform poorly, while Gujarat and Karnataka topped in an index that ranks states and Union Territories on their ecosystems for new startups, said the department for the promotion of industry and internal trade. Kerala, Maharashtra, Odisha and Telangana were adjudged “top performers” because of initiatives taken to develop startup ecosystems for promoting entrepreneurs, while Jammu …

What is ONDC, India’s project for an open e-commerce network?
2 years, 6 months ago

What is ONDC, India’s project for an open e-commerce network?

Live Mint  

- India's government in April launched its Open Network For Digital Commerce as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. ONDC aims to raise e-commerce penetration in the next two years to 25% of India's consumer purchases, from nearly 8% now, in a country of 1.35 billion people. It also hopes to …

What is ONDC, India’s project for an open e-commerce network?
2 years, 6 months ago

What is ONDC, India’s project for an open e-commerce network?

Live Mint  

- India's government in April launched its Open Network For Digital Commerce as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. ONDC aims to raise e-commerce penetration in the next two years to 25% of India's consumer purchases, from nearly 8% now, in a country of 1.35 billion people. It also hopes to …

What is ONDC, India’s project for an open e-commerce network?
2 years, 6 months ago

What is ONDC, India’s project for an open e-commerce network?

Live Mint  

India's government in April launched its Open Network For Digital Commerce as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. ONDC aims to raise e-commerce penetration in the next two years to 25% of India's consumer purchases, from nearly 8% now, in a country of 1.35 billion people. It also hopes to sign …

Google said to be in talks to join open e-commerce network ONDC
2 years, 6 months ago

Google said to be in talks to join open e-commerce network ONDC

The Hindu  

Alphabet Inc.'s Google is in talks with the Indian government to integrate its shopping services with the country's open e-commerce network ONDC, two sources familiar with the matter told Reuters. "We remain committed to focus on the enablement of small and medium businesses to leverage digital for deeper discovery and payments capabilities with Google Pay," the spokesperson said, referring to …

India to launch open e-commerce network to take on Amazon, Walmart
2 years, 7 months ago

India to launch open e-commerce network to take on Amazon, Walmart

Live Mint  

India will on Friday launch an open network for digital commerce as the government tries to end the dominance of U.S. companies Amazon.com and Walmart in the fast-growing e-commerce market, a government document showed. The launch of the platform comes after India's antitrust body on Thursday raided domestic sellers of Amazon and some of Walmart's Flipkart following accusations of competition …

ONDC to help small retailers serve customers with modern ways of delivery: Piyush Goyal
2 years, 9 months ago

ONDC to help small retailers serve customers with modern ways of delivery: Piyush Goyal

The Hindu  

The Open Network for Digital Commerce will ensure that small retailers get an equal opportunity to engage with big firms, protect their businesses and serve customers with modern ways of delivery system, Commerce and Industry Minister Piyush Goyal said on March 19. India is leading the world in building digital public infrastructure, he said at an entrepreneurship summit. It will …

ONDC: All you need to know about govt initiative challenging Amazon, Flipkart
3 years, 4 months ago

ONDC: All you need to know about govt initiative challenging Amazon, Flipkart

Hindustan Times  

The central government is moving fast on its promise of creating an open network for digital commerce, which aims to democratise digital commerce. ONDC aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols independent of any specific platform. In simple words, the ONDC initiative aims to promote open networks for all aspects of …

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