ONDC LAUNCH
Apple Pay’s India launch shows how RBI’s outcome-based regulation lets technology evolve
Apple Pay was launched in India after significant regulatory developments by the Reserve Bank of India. This new payment option allows users to pay securely without needing an OTP, which can facilitate fraud. The RBI has shifted towards regulating outcomes rather than prescribing specific technologies for digital payments. While Apple Pay currently does not support RuPay or UPI, it shows how regulation can foster innovation.
Be agent provocateur: India's internet needs an AI makeover
As India's digital ecosystem experiences rapid transformation, it is imperative to enhance support for the growing presence of AI agents in business and services. By tackling the obstacles within the navigational framework, costs for these agents can be significantly lowered. Revamping e-commerce catalogs and improving data availability will optimize purchase processes.
India’s FDI equity inflows rise 6% to $19.8 billion in Q1FY27; Japan tops, US plunges 76%
India’s FDI equity inflows rose 6% to $19.81 billion in April-June FY27, led by Japan at $5.7 billion, while US inflows fell 76% to $1.34 billion. Total FDI including reinvested earnings stood at $30.6 billion. Tamil Nadu attracted the most investment at $5.9 billion, followed by Maharashtra.
'India moved from manufacture for India to manufacture for the world': Piyush Goyal on 12 years of 'Make in India'
India has transitioned from manufacturing primarily for its domestic market to competing in global markets. The Make in India initiative, launched in 2014, aims to boost manufacturing capacity and attract foreign investments. Recent data reveals record foreign direct investment inflows and significant job creation through production incentives. Additionally, the focus will shift towards enhancing India's role in global production and supply chains.
DTC to deploy AI system for real-time tracking of 6,000+ buses, predict delays and improve services
Delhi's public bus network is set for a significant technology upgrade. An AI-enabled Bus Management System will track over six thousand buses in real time. This system aims to improve services for nearly forty lakh daily passengers. It will monitor bus movement, speed, and operational performance closely. The upgrade will also enhance passenger information and electric bus operations.
Madhu Lunawat-led The Wealth Company Mutual Fund becomes India’s first AMC to launch NFO on ONDC
The Wealth Company Mutual Fund, part of the Pantomath Group, has become India’s first AMC to launch a New Fund Offer (NFO) on the ONDC Network, in partnership with Cybrilla Technologies. The move aims to democratize mutual fund access, enabling investors across Bharat, especially in Tier 2 and Tier 3 cities, to invest seamlessly through ONDC’s open digital infrastructure.
Nazara, ONDC launch in-game shopping platform gCommerce
This platform is aimed at overcoming the low in-app purchase conversion rates and poor yields from advertising that is faced by Indian game developers. Developers will be able to earn a commission on every successful transaction initiated by players through the platform.
After e-commerce, it's time for gCommerce: Nazara, ONDC launch new in-game shopping platform
Nazara Technologies and ONDC partnered to launch gCommerce. The platform will integrate e-commerce within games. It will provide Indian game developers with new revenue options. gCommerce will connect players to sellers on the ONDC network. Players can shop without leaving the game. The platform will roll out for developers by Q1, FY26.
Insurance and mutual funds to be soon available on ONDC
The Open Network for Digital Commerce (ONDC) is launching insurance, mutual fund products, and unsecured digital loans. Partnering with MasterCard for credit card offerings, ONDC aims to provide accessible credit solutions. Since its inception, ONDC has processed over 68 million transactions, promoting financial inclusion and democratizing digital commerce in India.
ONDC launches interoperable QR code to connect sellers with customers online and offline
In its alpha phase, this tool allows sellers to generate a unique QR code that customers can scan using ONDC-registered buyer apps like Magicpin and Paytm.
Reliance Retail starts ONDC pilot via retail platform Fynd
Reliance Retail, a subsidiary of Reliance Industries, has begun testing the government's Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform in which Reliance holds an investment.
PhonePe’s Pincode exits non-food categories in ecommerce business rejig
PhonePe is restructuring its ONDC strategy by exiting several non-food categories. The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery, medicines, fashion and electronics among other categories on the network.
Paytm planning deeper push for ONDC, targets 10 million merchants: CEO Vijay Shekhar Sharma
ONDC's chief business officer Shireesh Joshi told ET that the network was recording over 1 lakh transactions regularly per day.
Plotch partners with Google Cloud to help ONDC network integration
Called Nodebox, the solution is powered by Google Cloud’s open source solution and bundled with Google Cloud infrastructure.
ONDC launches B2B ecommerce, SignCatch and Rapidor join network
While SignCatch licences its platform-as-a-service (PaaS) solutions to brands, distributors, retailers, Kochi-based Rapidor is a platform that enables B2B trade and transactions in closed loop networks.
Plotch ties up with IDFC First Bank to bring dedicated payment solution to ONDC
Plotch is a leader in ONDC enablement and has built-in technology support for businesses to launch their ecommerce buyer or seller app nodes on ONDC quickly.
A year on, ONDC clocks more than 11,000 retail orders per day
ONDC went beta live in some pin codes of Bengaluru on September 30, and has since expanded across Bengaluru and added Meerut to the beta phase.
ONDC to evaluate etailers based on commitment, says CEO Thampy Koshy
In April 2022, the network piloted a soft launch in five cities - Bengaluru, Delhi NCR, Shillong, Bhopal and Coimbatore. Since then, ONDC has also started a beta pilot in Bengaluru and in some tier-II cities.
ONDC gearing up for next phase of growth, formal launch this year: Official
Commerce and industry minister Piyush Goyal held a meeting this week to take stock of the progress of ONDC. ONDC has been touted as a Unified Payments Interface-type protocol that would democratise the e-commerce businesses by onboarding millions of small retailers of the country.
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