Skip to main content

ONDC to touch 10 million transactions in June: Official

ONDC will surpass major e-commerce players like Flipkart and Amazon in future

New Delhi: The Open Network for Digital Commerce (ONDC), which was set up with an aim to democratise the country’s e-commerce ecosystem, is on course to touch the 10-million transaction mark in June, a senior official said on Thursday.

The open network has been adding one million transactions on a month-on-month basis, he said.

“We will touch 10 million transactions in the month of June. We are growing strong, adding about one million transactions month-on-month,” ONDC CBO and President (Network Expansion) Shireesh Joshi said.

Joshi was speaking here on the sidelines of the Bengal Chamber-organised 3rd edition of ‘World MSME Day’.

He said testing of financial services with loans has also commenced with two private lenders, and the network will start insurance offerings soon, too.

“Once these two categories settle, we will also include mutual funds,” Joshi said.

The official expressed hope that ONDC will surpass major e-commerce players like Flipkart and Amazon in future.

At present, the number of transactions on ONDC is small, but it has been growing steadily and rapidly over the past year-and-a-half, he said.

Earlier, there were doubts about the success of ONDC as an open network, but it has been proven that it works very well, and is growing with new categories getting added in phases, Joshi said.

The network has also provided export opportunities, he added.

Arup Kumar, the CGM of Small Industries Development Bank of India (SIDBI), said the lender is supporting MSMEs in several ways, including onboarding them onto the ONDC.

He also said SIDBI has signed an MoU with the government for funding ‘Jan Aushadhi’ stores.

The post ONDC to touch 10 million transactions in June: Official appeared first on India Retailing.



from India Retailing https://ift.tt/QRtLPr5
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
68 comments
Read more

Coronavirus Recovery: Canadian Small Businesses Must Focus on Easing Employee, Customer Fears

By M. Tina Dacin and Laura Rees A small business has been  given the green light to reopen amid the COVID-19 pandemic . What does it need to consider for employees and customers? Small business owners are reorganizing physical space to account for continued distancing requirements and rethinking supply chains to deliver products and services in new ways to meet changing demand patterns. But they must not forget the hearts and minds of employees and customers. That doesn’t mean replacing a focus on the bottom line, but it helps address the need for a new set of expectations and ways of communicating in terms of product or service offerings, delivery methods and real-time feedback. Based on our expertise in organizational behaviour and past research we’ve conducted, we provide a set of recommendations to help small businesses thrive in our new COVID-19 economy by looking after the hearts and minds of the people most important to businesses — employees and customers. Fear, Anxi...
1 comment
Read more

World's 1st Pizza Subscription Service Launches in Toronto

general assembly subscription user opening delivery box of pizza. photo: general assembly pizza By Mario Toneguzzi Toronto-based General Assembly Pizza has launched what it describes as the world’s first pizza subscription service as it also plans to aggressively expand its product offering in the near future by opening a new concept in the market. "Since opening our doors in 2017, we have pushed for the best guest-experience possible — that's why our dough is 100 percent naturally leavened, that's why we have a purpose-built 400-square-foot pick-up and delivery area, and that's why we’ve launched a direct-to-consumer subscription-based ecommerce platform,” said Founder & CEO Ali Khan Lalani. “In 2020, providing the best guest experience means General Assembly Pizza has to be more than a restaurant. I'm proud to say that after almost six months of planning, many roadblocks, and countless pivots — all while maintaining our day-to-day restaurant operatio...
1 comment
Read more