What is Open Network for Digital Commerce (ONDC)? Benefits and challenges explained2 min read 16 Aug 2022, 12:55 PM IST
Equity research firm Jefferies said in a recent report that compared to the Unified Payments Interface (UPI), ONDC is complex
Open Network for Digital Commerce or ONDC is a community-led network that aims to create an open, inclusive and competitive marketplace. Currently, in the platform-centric model, marketplaces have end-to-end control, right from seller on-boarding, customer acquisition, order fulfilment, complaint redressal and managing payments. ONDC will 'unbundle' this complex system into separate microservices that can be addressed separately.