ONDC: A Beginner’s Guide to Understanding the Open Network for Digital Commerce
In today’s rapidly evolving digital landscape, the Open Network for Digital Commerce (ONDC) emerges as a pioneering initiative aiming to democratise the e-commerce sector in India. But what exactly is ONDC, and why does it matter, especially for small businesses? Let’s dive into the basics of ONDC and explore how it’s set to revolutionise online commerce.
What is ONDC?
ONDC is a government initiative that aims to create a fair digital commerce platform for all retailers, irrespective of their size, by providing the necessary support. Unlike traditional e-commerce models that a few big players dominate, ONDC aims to standardise and simplify online transactions, making digital commerce accessible to everyone.