ONDC TRANSACTIONS
How intelligent commerce is shaping the next frontier of merchant payments
For a decade, the task in India’s merchant payments was to get every shop and website to accept digital money. The value, leaders argued, at GFF 2026, is now moving to identity, risk, credit and growth, and to preparing the checkout for AI agents that may soon shop on consumers’ behalf.
Women entrepreneurs can power Asia’s digital trade boom
Women entrepreneurs across Asia are increasingly turning to digital trade, enabling them to reach markets far beyond their local confines. This transition allows them to bypass traditional mobility challenges and limited funding opportunities. A variety of initiatives are in place to bolster women-led enterprises through training and improved financial access.
AI was everywhere at GFF 2026. Full automation was not
Global Fintech Fest 2026 highlighted agentic AI's practical integration within the BFSI sector. Automation will handle basic tasks, but humans will retain final decision-making authority. Companies are focusing on specialised AI models and optimizing compute power for cost efficiency. Job roles are evolving, with a continued emphasis on hiring and upskilling employees.
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.
GFF 2026: Visa, ONDC look to make India’s tourism offerings easier to discover
Visa and ONDC will collaborate to simplify tourism discovery for travelers across India. This partnership aims to connect visitors with local businesses and unique travel experiences. They will leverage open network principles and digital innovation for seamless journeys. ONDC seeks to strengthen demand-side participation in its growing tourism sector.
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India’s import dependence continues to be shaped by economic growth, manufacturing base: Govt to Parl
India imported goods worth $131.63 billion from China in FY26, accounting for nearly 17% of total merchandise imports, the government told Rajya Sabha. It said Chinese imports include critical minerals, intermediate goods, capital equipment and technologies required by sectors such as clean energy, electronics, pharmaceuticals and infrastructure.
Vibhor Jain appointed CEO and MD of ONDC
Vibhor Jain has been appointed as the new MD and CEO of ONDC, effective April 7, after serving as acting CEO. He aims to deepen the value ONDC creates for various stakeholders, including farmers, artisans, and small businesses. The government-backed open ecommerce network also reported a significant revenue surge and welcomed new key leadership appointments.
Mirae Asset Mutual Fund partners with Cybrilla to simplify investing through ONDC Network
Mirae Asset Mutual Fund has integrated with the ONDC Network in partnership with Cybrilla to simplify mutual fund investing across India. The move aims to improve accessibility, reduce transaction friction and enable investors to transact through an open, platform agnostic digital ecosystem backed by India’s digital public infrastructure.
ONDC delays levying network fee again on stakeholder feedback
ONDC has postponed its planned network fee for seller apps to July 1, following stakeholder feedback. Initially set for January, the Rs 1.50 per transaction fee aims to fund infrastructure and services. The delay allows participants time to adapt, reflecting ONDC’s evolving approach and commitment to sustainable operations.
ONDC’s CBO Shireesh Joshi quits after 3.5-year innings
ONDC CBO Shireesh Joshi resigned after 3.5 years. As ONDC scales past 188 million transactions, leadership shifts are expected. Joshi’s successor remains undisclosed. ONDC aims for 200 million transactions by March-end, doubling growth since last September. Wage bill for FY24-25 is awaited.
ONDC partners list hits and misses as it wraps up second year of operations
ONDC, two years in, faces mixed reactions: some praise its potential to democratise ecommerce, while others cite slow growth, low orders, and challenges in scaling, particularly outside food and beverage categories, despite government backing and minimal advertising.
ONDC cuts financial incentives for network participants ahead of levying network fee
The open ecommerce network, which offered up to Rs 3 crore in July and Rs 2.5 crore in August as financial incentive per network participant, reduced the cap to Rs 40 lakh for September before increasing it to Rs 60 lakh in October amid festivals. The limit has now been fixed at Rs 40 lakh for December.
Plotch becomes first technology platform to process over 10 million transactions on ONDC Network using AI
Plotch's client roster includes Snapdeal, Ola, Meesho, and Bluestar and it has witnessed a 1000 times increase in transaction volume over the last two years. It is projected that while food, grocery, and fashion currently dominate the retail orders on ONDC, other categories like home and electronics are expected to see significant growth in the coming months.
ONDC corners 3% order volumes of Swiggy, Zomato: sources
As per sources, ONDC facilitates 60,000 orders per day in the food domain, capturing 3% of the total order volumes managed by Swiggy and Zomato across India individually who receive 20 lakh orders each. Its total order volumes touched around 4 lakh orders in a day which includes mobility bookings as well.
Expecting 30-40 million monthly transactions by March 2025: ONDC CEO T Koshy
ONDC targets 30-40 million monthly transactions by March 2025, up from 10 million in June and 7 million in March 2024, said CEO T Koshy. At the CII event, the MSME Growth Summit discussed Digital Saksham and MSMEs' economic contributions. ONDC aims to democratize e-commerce, expecting 5-6 lakh merchants by fiscal year's end.
Budget 2024: ONDC and more on e-commerce's cart for Nirmala Sitharaman
Budget 2024: Finance Minister Nirmala Sitharaman will present Budget 2024 on July 23, outlining Modi's third term roadmap. The e-commerce sector, including Vijay Shekhar Sharma and MSMEs, seeks ONDC support. TEAM scheme, Rs 277 crore, aids MSMEs' digitalization. Shireesh Joshi targets 10 million ONDC transactions. Parliament session: July 22-August 12. Interim budget was presented in February; Lok Sabha polls held April-June.
ONDC to touch 10 million transactions in June: official
Shireesh Joshi, ONDC's president said the company will touch 10 million transactions in June. " We are growing strong, adding about one million transactions month-on-month," he added. Joshi expressed hope that ONDC will surpass major ecommerce players like Flipkart and Amazon in future.
ONDC crosses record 5.5 million transactions in December
Of the 5.5 million transactions made via ONDC in December, 3.4 million (63%) were in the mobility category while two million (37%) were in the retail category.
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.
ONDC logs meteoric rise; challenges are climbing fast too
ONDC – one of the biggest bets by New Delhi as far as its array of digital public goods are concerned – was floated with an aim to decentralise ecommerce in the country and bring more small sellers and buyers from across the nation to the digital medium.
ONDC enables Network Gift Card for corporate gifting
Currently, sponsoring organisations can reach out to YES Bank and Omni Card to issue these gift cards, while many other banks and fintech companies are also in the process of enabling ONDC-enabled gift cards.
Ecommerce platform ONDC may have 200,000 daily transactions by December 31: ICICI Securities report
The Open Network for Digital Commerce (ONDC) is expected to scale up to 200,000 daily transactions by the end of calendar year 2023, said a report from financial services firm ICICI Securities, citing ONDC CEO Thampy Koshy and Senior VP Rahul Handa.
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.
ONDC: SignCatch and Rapidor execute first B2B transaction
The firm licences its Platform-as-a-Service (PaaS) solutions to brands, distributors, retailers and Rapidor, a platform enabling B2B trade and transactions in closed loop networks.
Razorpay announces integration with government-backed ONDC
The Bengaluru-based payments solution startup said it will provide payment reconciliation services to network participants such as buyers, sellers and logistic partners to streamline the payment processes on ONDC.
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.
Mobility drives highest number of transactions on ONDC: CEO Thampy Koshy
The network has facilitated 22,000 transactions so far till March 31. While retail accounts for 16,220 transactions, mobility (excluding Namma Yatri) accounts for 5,795 transactions owing to the Kerala Open Mobility Network (KOMN).
PhonePe's ecommerce app Pincode live on ONDC network
The company launched Pincode – a hyperlocal ecommerce platform that enables online commerce between local offline stores and customers in the neighbourhood – in Bengaluru on Tuesday. Pincode will pilot in Bangalore with categories such as grocery, food, pharma, electronics and home decor, a statement from the company said.
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