Think about a situation the place you'll be able to handle all of your vacation journey necessities – from reserving flight tickets to homestay to baggage to even a cab until the airport – all on one platform or app that's on the ONDC community. This app might be your banking app like Paytm or PhonePe or a telecom providers supplier app as properly!
Higher nonetheless, think about a community that lets you probably entry well-liked e-commerce platforms like Amazon, Flipkart and trip hailing apps like Ola, Uber, and even meals supply apps like Zomato or Swiggy – multi functional place.
ONDC Defined: After UPI, India eyes one other digital revolution – this time in e-commerce
On this week’s episode of TOI Enterprise Bytes, we goal to grasp how the ONDC community works each for patrons such as you and me and for enterprises or sellers, what are the bold plans for its scaling up and the way it might be a mannequin for the world to emulate. Answering vital questions is T Koshy, the MD & CEO of ONDC.
Watch the video above to know why ONDC is being referred to as the UPI of e-commerce and the way it's trying to emulate the success of UPI.
In accordance with the Ministry of Commerce, ONDC goals to make e-commerce extra “inclusive and accessible” for customers. As a client you possibly can uncover any vendor for services or products, thereby rising your alternative. You'll even have the ability to order out of your native kirana retailer and get the products delivered with the assistance of a logistics supplier. The concept of ONDC is to standardize operations and promote inclusion of native suppliers, therefore being a game-changer for each clients and companies.