ONDC to cost price from platforms

Open Network for Digital Commerce (ONDC), the open e-commerce protocol arrange by the commerce ministry’s Department of Promotion of Industry and Internal Trade (DPIIT), will cost a “small price” from platforms that will contribute towards “maintenance and development” of the community, mentioned T. Koshy, managing director and chief govt of the non-profit community protocol.

In an interview, Koshy mentioned ONDC could start charging the price from platforms on the community in “maybe one 12 months”. He didn’t disclose the quantum of price.

Koshy was talking on the sidelines of the opening of ONDC’s first workplace and headquarters in Delhi. The community, which seeks to make on-line commerce accessible to consumers, sellers and logistics operators outdoors of personal e-commerce ventures, will search to cut back the obligatory commissions charged from sellers and logistics companions by personal on-line retailers comparable to Amazon and Flipkart.

At its inauguration, Koshy mentioned ONDC presently has 26 companions on the community, and it expects to onboard homegrown fintech agency, PhonePe, subsequent week.

“An additional 125 platforms can be approaching board within the subsequent two months. After these, 200 extra platforms are presently engaged on technical integration with ONDC, whereas 400 extra platforms together with purchaser, vendor, and logistics companions are at a paperwork stage,” he mentioned.

While personal e-commerce platforms management how sellers are onboarded, which logistics companions work to ship their merchandise, and the way merchandise are offered to consumers, ONDC claims that it’s going to “democratize” how e-commerce works. Buyers, sellers, and logistics corporations with ONDC consult with platforms that cater to varied classes of customers.

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