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Best Guide to India’s Open Network for Digital Commerce

The Indian Government has launched the ONDC to enable small sellers to build their presence in the online e-commerce space. The acronym ONDC stands for Open Network for Digital Commerce. It is an open-source network that aims to revolutionise the country's e-commerce space. To accomplish this vision, the various ONDC apps provide hyperlocalised services and product deliveries across the nation. 

Fix It Right: Quick and Easy Steps to Update Incorrect Details in Your Pan Card

The Permanent Account Number (PAN) card, given by India's Income Tax Branch, fills in as a vital recognizable proof report for taxpayers and assumes a significant part in different financial exchanges. Nonetheless, errors in the data imprinted on the PAN card can lead to inconvenience with legal consequences. Whether it's a misspelled name, inaccurate date of birth, or some other incorrect detail, it is fundamental to correct these discrepancies quickly to guarantee smooth financial tasks and consistency with tax guidelines.

How Can the ONDC Platform Change India’s Digital Landscape?

Owning a digital platform has become a necessity for businesses as it ensures visibility to customers. Unfortunately, small businesses lack access to digital infrastructure and the means to maintain an online presence, which prevents them from competing with large and centralised e-commerce giants.

To provide a level-playing field for all market participants, the Government of India launched the ONDC campaign on April 2022. It aims to provide a fair ground for competition to local businesses against dominant sellers.

Protean Unveils RISE: A Game-Changing One-Stop Marketplace for Regtech, Fintech, Open Network APIs, and More

Protean eGov Technologies Limited, a pioneer in digital public infrastructure (DPI) and population-scale e-governance solutions, has launched a new platform called RISE with Protean. This platform targets streamlining the discovery and application of digital assets like APIs, micro-services, and user journeys, thereby enhancing API use and its integrations for businesses in India.

How India’s Open-Source Network for Digital Commerce is a Game Changer?

India’s e-commerce sector has seen sharp growth lately, with more than 6.5% of the overall retail business settled online. Now, anyone can order essential products and services using just a smartphone.

However, small businesses face various challenges in this digital model. Many prominent e-commerce platforms favour sellers providing hefty discounts to their buyers. This indirectly exploits smaller vendors as they cannot match their larger competitor’s price offerings or access a massive pool of customers’ data.

What Is ONDC? How Will It Revolutionise E-Commerce?

The Indian Government launched the Open Network for Digital Commerce (ONDC) campaign on 29th April, 2022 to promote local businesses across numerous sectors. All enrolling companies agreed to operate through a network supported by open protocols. As a result, sellers and suppliers who previously suffered from a lack of scaling opportunities could leverage the integrated technologies to expand their reach.