ONDC Explained: India’s Bid To Disrupt Ecommerce Monopolies

ONDC Explained: India’s Bid To Disrupt Ecommerce Monopolies

SUMMARY

Unified Payments Interface, commonly known as UPI, has been one of the most fascinating use cases of nationwide digital transformation

Unifying platforms and connecting the entire value chain digitally is a big leap toward empowering India and establishing it as a leader

While ONDC appears to be an incredible opportunity for connecting a vast range of buyers and sellers digitally, it also probes intriguing questions that leaders and consumers alike would need answers to

Unified Payments Interface, commonly known as UPI, has been one of the most fascinating use cases of nationwide digital transformation. It simplified and most importantly unified mobile banking and digital payments, building a bridge between wallets and banks, which before UPI were proliferating the market and hindering the smooth flow of payments phygitally. 

What the government did with mobile payments, it is planning to do the same, only more remarkably, with ecommerce or digital commerce. In simple words, it is advancing towards breaking the silos of multiple ecommerce platforms and unifying them with a single, open network. That’s what ONDC is short for, Open Network for Digital Commerce. 

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