Monday, May 16, 2022
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

The open e-commerce network ONDC that Flipkart, Amazon and others are planning to join

Jaleel M. by Jaleel M.
May 12, 2022
in Business
0
The open e-commerce network ONDC that Flipkart, Amazon and others are planning to join
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter


The Open Network for Digital Commerce (ONDC) is a network of several small and large-scale offline and online traders. Even though it is in a nascent stage, it is being pitched as a solution to break the dominance of large e-commerce firms

Related posts

Need to update Date of Birth on EPFO portal? Here’s your step-by-step guide to the process

Need to update Date of Birth on EPFO portal? Here’s your step-by-step guide to the process

May 16, 2022
‘US at very, very high risk of inflation’, says Goldman Sachs’ Senior Chairman Lloyd Blankfein

‘US at very, very high risk of inflation’, says Goldman Sachs’ Senior Chairman Lloyd Blankfein

May 16, 2022

Explained: The open e-commerce network ONDC that Flipkart, Amazon and others are planning to join

The Open Network for Digital Commerce will create a level playing field for offline and online traders. ONDC

Several e-commerce majors, including Flipkart, Reliance Retail and Amazon are planning to join an ambitious open e-commerce network named Open Network for Digital Commerce (ONDC).

As per a report by The Economic Times, the network’s pilot programme to on-board kiranas and small and medium businesses is already underway in Bengaluru and four other cities.

What is ONDC?

The Open Network for Digital Commerce (ONDC) is a network of several small and large-scale e-commerce players. Even though it is in a nascent stage, it is being pitched as a solution to break the dominance of large e-commerce firms like Flipkart and Amazon in India.

The network based on open protocol will enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application.

Why does it seek to do?

According to Business Standard, the platform aims to create new opportunities, curb digital monopolies and by supporting micro, small and medium enterprises and small traders and help them get on online platforms. It is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.

Flipkart and Amazon’s interest in joining and integrating with the ONDC will likely break their monopoly. In return, it will help the bigger platforms to tap into the seller side of ONDC to supply goods.

“The bigger ecommerce players have indicated to ONDC that they will support it. Besides tapping into new users, this will also enable platforms with sizeable business-to-business verticals to tap into the seller side of ONDC network to supply goods,” one of the people in the know of the programme told The Economic Times.

Who all have joined so far?

The report found that Flipkart’s logistics arm Ekart and Reliance Retail-backed Dunzo have already integrated with ONDC for logistics services.

PhonePe, which is also owned by Flipkart and Walmart, is joining the network and is in advanced stages of integration, the report said. Paytm is already a part of the network.

Why is it a significant move?

Apart from creating a level playing field for online and offline merchants, the ONDC will also make a larger segment of buyers available to all the sellers on the network.

“The existing large etailers work with a captive set of users. With an open network, ONDC will enable all the buyers in the network to be discoverable to all the sellers. Therefore, existing platforms (too) will have an incentive to be part of ONDC,” said Thampy Koshy, CEO of ONDC, as quoted by The Economic Times.

When and where will it be functional?

The ONDC is already running its pilot programme in five cities – Bengaluru, New Delhi, Coimbatore, Bhopal and Shillong.

The network aims to increase its presence in about 100 cities by August and also open it to a wider public in the current five cities.

The report said that the network is currently in the “beta testing” phase with just five sellers onboard and a limited set of buyers from five cities.

“By the first week of June, we want to make it available to the broader public in these five cities. By August, we want to be there in 75-100 cities and by the end of the year we should be there across the country,” Koshy said.

How will it work?

Customers can access sellers on ONDC through any app that is integrated with the network. Sellers will then handle deliveries through tie-ups with logistic firms.

ONDC will also have services like ledgers and payment processors for sellers.

With inputs from agencies

Read all the Latest News, Trending News, Cricket News, Bollywood News,
India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.





Source link

Previous Post

Sensex falls by 2.14%, Nifty ends at 15,808; check top gainers and laggards here

Next Post

Facing delay in getting orders from Swiggy or Zomato? This may be the reason

Next Post
Facing delay in getting orders from Swiggy or Zomato? This may be the reason

Facing delay in getting orders from Swiggy or Zomato? This may be the reason

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Union Budget 2021: Make insurance more affordable, attractive proposition for customers

Union Budget 2021: Make insurance more affordable, attractive proposition for customers

1 year ago
GALIMATIAS RETURNS WITH “REDEYE” FROM FORTHCOMING DEBUT FULL-LENGTH ALBUM

GALIMATIAS RETURNS WITH “REDEYE” FROM FORTHCOMING DEBUT FULL-LENGTH ALBUM

2 years ago
10 grams of 24-carat gold touches Rs 48,110; silver trading at Rs 61,700 per kg

10 grams of 24-carat gold touches Rs 48,110; silver trading at Rs 61,700 per kg

6 months ago
Four ex-police officers charged, one with second-degree murder, United States News & Top Stories

Four ex-police officers charged, one with second-degree murder, United States News & Top Stories

2 years ago

FOLLOW US

  • 110 Followers
  • 29.5k Followers
  • 168k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    0 shares
    Share 0 Tweet 0
  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • Salted vs. Unsalted Pistachios

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy