ONDC to get more apps in the coming weeks as beta testing starts in Bengaluru
The Ministry of Industry and Trade on Friday said more applications will join the Open Network for Digital Commerce (ONDC) in the coming weeks to expand both buyers and sellers can participate in the platform. .
ONDC – ministry initiative to help small retailers and reduce the domination of ecommerce giant – has opened its doors to the public in some areas of Bengaluru since Friday as part of its beta testing.
“ONDC is a government startup. We are currently in the process of validating a number of processes and technologies. 20 more applications will launch this week,” added Secretary of the Department of Industry Promotion. Industry and Internal Trade (DPIIT) Anil Agarwal told reporters. .
For starters, consumers in Bengaluru can place orders in two regions – grocery stores and restaurants – through buyer apps participating in the ONDC network.
Currently, Mystore, Paytmand Spicemoney is available as a buyer app.
City consumers can buy grocery products or order food from stores and restaurants enabled by merchant apps – Bizom, Digiit, e-Samudaay, eVitalrx, Go Frugal, Growth Falcons, Innobits Mystore, nStore, SellerApp, Ushop and Uengage.
DunzoLoadshare and Shiprocket will provide logistics and Protean eGov Technologies Ltd will provide gateway services.
“HDFC Bank, IDFC Bank, Kotak Bank and eKart are in the advanced stage of interaction and are expected to be operational soon,” he said.
He added: “The beta test of ONDC in Bengaluru is an important first step in operationalizing the network approach to e-commerce as an alternative to the platform-centric approach.
The ministry in April kicked off the pilot phase of ONDC, a UPI-style protocol, in five cities – Delhi NCR, Bengaluru, Bhopal, Shillong and Coimbatore.
To build trust between consumers, merchants, and network participants (buyer apps, merchant apps, and gateways) in the open network, ONDC consulted system experts. current ecology and review best practices for adapting and developing best practices for building trust in a groupless decentralized network.
A detailed explanation of this is contained in the consultation document being made available to the public on the official DPIIT, ONDC social media and their website.
Up to 20 nationally recognized institutions have confirmed investments of Rs. 255 crore in ONDC. Lenders such as State Bank of India (SBI), UCO Bank, HDFC Bank, ICICI Bank and Baroda Bank have committed to invest.
The initiative aims to limit the dominance of two large multinational e-commerce companies, which control more than half of the country’s e-commerce transactions, limiting market access. and incentives for certain sellers and squeeze supplier margins.
ONDC is a set of standards for voluntary acceptance by merchants or logistics providers or payment gateways.
ONDC received the certificate of incorporation of a private sector-led non-profit company on December 31, 2021.
Through this platform, consumers can discover any seller, product or service using any ONDC-compatible apps or platforms, thus increasing their freedom of choice. for consumers.