On Friday, the commerce and industry ministry said that many more applications will be accepted into the Open Network for Digital Commerce (ONDC) in the coming weeks in order to enable both purchasers and sellers to participate in this platform.
As part of its beta testing process, ONDC the ministry''s aim to assist small retailers and reduce the dominance of e-commerce giants has opened to the public in certain parts of Bengaluru.
"ONDC is a government''s startup. We are currently working on some of the processes and technologies. 20 more applications will come this week," said an additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT).
Through buyer apps that are part of the ONDC network, consumers in Bengaluru may place their orders in two domains: groceries and eateries.
Today, Mystore, Paytm, and Spicemoney are available as buyer apps.
Consumers in the United States may purchase groceries or order food from sellers apps Bizom, Digiit, e-Samudaay, eVitalrx, Go Frugal, Growth Falcons, Innobits Mystore, nStore, SellerApp, Ushop, and Uengage.
Dunzo, Loadshare, and Shiprocket will provide logistics services, and Protean eGov Technologies Ltd will provide gateway services.
"HDFC Bank, IDFC Bank, Kotak Bank, and eKart are in advanced stages of engagement and are expected to go live shortly," he said.
The ONDC beta test in Bengaluru is a major first step in transforming a network approach to e-commerce as a way to adopt a platform-centric approach, according to a new survey.
In April, the ministry initiated the pilot phase of the ONDC, a UPI-type protocol, in five districts: Delhi NCR, Bengaluru, Bhopal, Shillong, and Coimbatore.
ONDC has consulted the current ecosystem experts and examined best practices for adapting and evolving the best approach to build trust in an unbundled decentralised network to increase trust among consumers, sellers, and network participants.
In a consultation paper, a detailed explanation in this regard is available to the public on the official social media handles of the DPIIT, ONDC, and its website.
As many as 20 national reputed corporations have made Rs. 255 crore in ONDC. Lenders such as State Bank of India (SBI), UCO Bank, HDFC Bank, ICICI Bank, and Bank of Baroda have already made investments.
The goal of the initiative is to keep the dominance of two major multinational e-commerce organizations, which operate over half of the country''s e-commerce market, restrict access to the market, and offer a preferential treatment to certain sellers and reduce supplier margins.
OnDC sets a set of standards for voluntary adoption by sellers or logistics providers or payment gateways.
On December 31, 2021, ONDC received its license of incorporation as a private sector-led non-profit company.
Consumers may discover any seller, product, or service via this platform, utilizing any ONDC-compatible application or platform, thus giving them greater freedom of choice.