India lines up banks, others for e-commerce scheme to take on Amazon, Walmart2 min read . Updated: 01 Jun 2022, 09:11 PM IST
Some of India's biggest banks are in discussions about setting up 'buyer platforms' to let their customers place orders for goods and services over the Open Network for Digital Commerce (ONDC), which the Indian government soft-launched in April, the sources told Reuters.
India's scheme to break Amazon and Walmart's dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said.
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