The new platform, which will be launched as part of Axis Bank’s ecommerce segment Grab Deals, will initially provide groceries before expanding to other segments
While the platform will initially remain integrated with Axis Bank’s Grab Deals, the bank might launch a separate app for the ONDC platform going forward
The development comes a few days after fintech unicorn PhonePe launched a new application called Pincode on the ONDC to focus on hyperlocal commerce
Jumping on the Open Network for Digital Commerce (ONDC) bandwagon, Axis Bank is now reportedly planning to launch a consumer-facing ecommerce platform on the network.
The new platform, which will be launched as part of the private bank’s ecommerce segment Grab Deals, will provide groceries on the ONDC and will soon expand to other segments, MoneyControl reported.