To provide another hassle-free ticketing experience, Uber, on Monday, announced the rollout of metro ticketing on its app powered by the Open Network for Digital Commerce (ONDC).
Micro, Small, and Medium Enterprises (MSMEs) in Tier II and Tier III cities are reporting an average 20 per cent increase in revenue after integrating with the Open Network for Digital Commerce (ONDC), according to data released by fintech firm Easy Pay.
The Open Network for Digital Commerce (ONDC) has revolutionized digital commerce. Since its inception, ONDC has recorded notable milestones. They include pilot programmes successful implementation in select cities like Bengaluru and Delhi.
Open Networks can generate an annual economic impact of up to Rs 67,000 crore in India’s mobility sector, driving inclusive growth and strengthening local economies, according to a whitepaper, released by the government-run Open Network for Digital Commerce (ONDC) on Monday.
The new offering is integrated with 9 buyer applications, also known as Lending Service Providers, and 3 lenders, marking a significant milestone in ONDC Network’s mission to enhance accessibility and efficiency in credit services.
Currently in its alpha phase, this innovative tool allows sellers to generate a unique QR code that customers can scan using an ONDC-registered buyer app.
The joint initiative aims to support Farmer Producer Organisations (FPOs), nano, micro, small, and medium enterprises (NMSMEs), Self Help Groups (SHGs), women entrepreneurs, and start-ups with digital solutions.
The government-run Open Network for Digital Commerce (ONDC) on Monday said that it recorded 374,000 orders in a single day during the T20 World Cup final.
This move marks a significant step in the conglomerate's efforts to diversify into the fast-growing consumer markets of digital payments and e-commerce.
The onboarding of FPOs on ONDC to reach out to their buyers in any part of the country is in line with the Centre's objective of providing growers with better market access.
