The commerce and industry ministry on Friday said many more applications will join the Open Network for Digital Commerce (ONDC) in the coming weeks to expand both buyers and sellers who can participate in this platform. To begin with, consumers in Bengaluru can place their orders in two domains — groceries and restaurants — through buyer apps participating in the ONDC network. “HDFC Bank, IDFC Bank, Kotak Bank and eKart are in advanced stages of engagement and expected to go live shortly,” he said. Lenders such as State Bank of India (SBI), UCO Bank, HDFC Bank, ICICI Bank, and Bank of Baroda have already committed investments. Through this platform, consumers can potentially discover any seller, product or service by using any ONDC-compatible application or platform, thus increasing freedom of choice for consumers.

Source: Economic Times October 01, 2022 01:37 UTC