What Does The Data Say: ONDC – India’s Unified E-Com Platform To Provide A level Playing Field
“ONDC or the Open Network for Digital Commerce is the best thing to happen to the Indian e-commerce market. Once fully implemented later this year, it provides a uniform platform for users to push their products in the digital marketplace. ONDC is a private sector initiative, but backed and seeded by the government of India. Eminent members on the board include Nandan Nilekani and RS Sharma (IAS). Sharma was the person heading the departments that implemented Aadhar and Cowin applications. ONDC is envisaged as a neutral platform that will set protocols for cataloging, vendor match, and price discovery in open source on the lines of the Unified Payments Interface (UPI). What this implies is that buyers and sellers can transact irrespective of whether they are attached to any specific e-commerce portal. Once implemented, ONDC would provide a boost to smaller online retailers as well as new entrants by ushering in discoverability, interoperability, and inclusivity. It will empower suppliers and consumers by breaking the monopoly of giant platforms to drive innovation and transform businesses in sectors like retail, food, and mobility. Retailers, traders, start-ups – should watch this episode as, in the coming years, it is not going to be business.
Thank you for watching. Your comments are always welcome.
For more information visit our website:
Also, find us on Facebook:
#ECommerce #ONDC #Retail
Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
What is Govt’s Open Network for Digital Commerce and Why Microsoft has joined it now? - Explained
Microsoft Joins Govt’s ONDC Network: Tech Giant Microsoft has joined the Government-backed Open Network for Digital Commerce. Let’s decode what is ONDC Network and its key features, how does it work and why has Microsoft joined it now? - Explained
Microsoft Joins Govt’s ONDC Network: Tech Giant Microsoft has joined the Government-backed Open Network for Digital Commerce. ONDC project is a major technology network that is being developed to enable small merchants and mom-and-pop stores in parts of the country to use advanced technology Transaq प्लेटफॉर्म इंटरफेस to improve commerce. As per the statement issued by Microsoft, as part of the ONDC Network, it plans to develop social e-commerce which will allow small businesses to provide group buying along with a shopping app for Indian Consumers. Let’s decode what is ONDC Network and its key features, how does it work and why has Microsoft joined it now? - Explained
What is ONDC - Open Network for Digital Commerce?
Open Network for Digital Commerce, is a government backed project which aims at providing technology enabled solution to enable local commerce across different sectors. The network will enable small traders to expand their offerings across different sectors or segments including mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application. The initiative is launched by Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.
One of the key objectives of ONDC is to provide technology platform to small business owners and create new opportunities of trade and commerce for them. Through this, the government plans to curb digital monopolies by supporting micro, small and medium enterprises and small traders and bringing them online.
ONDC Network - Key Features
The central premise for developing ONDC by the Government is to create and open technology network for small and micro business owners. ONDC will help micro, small and medium businesses to expand their online presence and reach more customers while also building a credit history and using data to take informed decisions. The key features of ONDC are as follows:
- Enable Sellers and Buyers to be digitally visible and transact through an Open Network
- Help bring out businesses and merchants out of silos and build a single network to drive commerce
- Promote open network developed as per open-sourced methodology, using open specifications and open network protocols
- End duopoly in e-commerce business by behemoths of Amazon and Flipkart
- Digitize value chain across transaction chain for businesses, merchants and
How does ONDC Network work?
ONDC Network works as an intermediatory between buyers and sellers. The network will act as an interface and will host buyers and sellers. Currently, the buyer side interface is being managed by PayTM while the seller side interface is managed by GoFrugal and other such vendors
Upon deployment of ONDC, when a buyer searches for a particular item, it will connect them to ONDC network via their respective app. On the other end, sellers who have the item that the buyer is looking for will be featured through open interface as a list. From here, buyer can choose the item and place an order for the same while taking advantage of the open network developed as per open-sourced methodology, using open specifications and open network protocols. ONDC is also onboarding several logistics partners along with hosting service provides and resource planners to help promote ecommerce business through the open network.
Why has Microsoft Joined Govt’s Open Network for Digital Commerce?
ONDC Network has been under development for quite sometime now and Microsoft joining the ONDC bandwagon makes it one of the first international tech giants to do so. As part of ONDC, Microsoft plans to develop and introduce a social e-Commerce market through its app. As part of the network, the US-based tech giant will also launch a shopping app which will be developed exclusively for Indian customers and enable them to harness social Transaq प्लेटफॉर्म इंटरफेस circle to discover best prices among retailers and e-sellers.
With other major names including Dunzo for Business (D4B), Go Frugal, Paytm, Digit, PhonePe and Loadshare already on ONDC, Microsoft joining it will push the envelope of creating the “largest interoperable open platform in a bid to break e-commerce monopolies and democratize digital marketplace.”
Who else has joined the ONDC So Far?
Currently, several key partners have joined the ONDC network which is aimed at enhancing e-commerce business for Transaq प्लेटफॉर्म इंटरफेस small and marginal businesses. Apart from Microsoftl, which has joined the bandwagon now, several other key players have also partnered and joined ONDC. The key among them include:
Grocery, Food & Beverage, Home & Decor
Bengaluru, New Delhi, Coimbatore, Bhopal, Shillong, Lucknow, Chennai, Kannur, Thrissur, Bijnor, Udupi, Chhindwara, Kolkata, Kancheepuram, Mannar, Ramnathapuram, Pune, Faridabad, Meerut, Mumbai, Kaup, Cuttack, Ernakulam, Theni, Kanpur, Chandausi, Jaipur
Bengaluru, Coimbatore, Kannur, Thrissur, Mannar
Grocery, Food & Beverage
Bengaluru, Shillong, Lucknow, Bijnor, Udupi, Meerut, Kaup, Cuttack
Bengaluru, New Delhi, Coimbatore, Bhopal, Lucknow, Chennai, Chhindwara, Kolkata, Kancheepuram, Ramnathapuram, Pune, Ernakulam, Theni, Kanpur, Chandausi, Jaipur
Bengaluru, New Delhi
Grocery, Home & Decor
Bengaluru, New Delhi, Lucknow, Faridabad, Mumbai, Jaipur
Bangalore, Pune, Gurgaon, Hyderabad, Delhi, Chennai, Noida, Mumbai, Kolkata
Bengaluru, New Delhi
Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK Transaq प्लेटफॉर्म इंटरफेस app
एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप
Read the latest Current Affairs updates and download the Monthly Current Affairs PDF for UPSC, SSC, Banking and all Govt & State level Competitive exams here.
What is Govt’s Open Network for Digital Commerce and Why Microsoft has joined it now? - Explained
Microsoft Joins Govt’s ONDC Network: Tech Giant Microsoft has joined the Government-backed Open Network for Digital Commerce. Let’s decode what is ONDC Network and its key features, how does it work and why has Microsoft joined it now? - Explained
Microsoft Joins Govt’s ONDC Network: Tech Giant Microsoft has joined the Government-backed Open Network for Digital Commerce. ONDC project is a major technology network that is being developed to enable small merchants and mom-and-pop stores in parts of the country to use advanced technology to improve commerce. As per the statement issued by Transaq प्लेटफॉर्म इंटरफेस Microsoft, as part of the ONDC Network, it plans to develop social e-commerce which will allow small businesses to provide group buying along with a shopping Transaq प्लेटफॉर्म इंटरफेस app for Indian Consumers. Let’s decode what is ONDC Network and its key features, how does it work and why has Microsoft joined it now? - Explained
What is ONDC - Open Network for Digital Commerce?
Open Network for Digital Commerce, is a government backed project which aims at providing technology enabled solution to enable local commerce across different sectors. The network will enable small traders to expand their offerings across different sectors or segments including mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application. The initiative is launched by Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.
One of the key objectives of ONDC is to provide technology platform to small business owners and create new opportunities of trade and commerce for them. Through this, the government plans to curb digital monopolies by supporting micro, small Transaq प्लेटफॉर्म इंटरफेस and medium enterprises and small traders and bringing them online.
ONDC Network - Key Features
The central premise for developing ONDC by the Government is to create and open technology network for small and micro business owners. ONDC will help micro, small and medium businesses to expand their online presence and reach more customers while also building a credit history and using data to take informed decisions. The key features of ONDC are as follows:
- Enable Sellers and Buyers to be digitally visible and transact through an Open Network
- Help bring out businesses and merchants out of silos and build a single network Transaq प्लेटफॉर्म इंटरफेस to drive commerce
- Promote open network developed as per open-sourced methodology, using open specifications and open network protocols
- End duopoly in e-commerce business by behemoths of Amazon and Flipkart
- Digitize value chain across transaction chain for businesses, merchants and
How does ONDC Network work?
ONDC Network works as an intermediatory between buyers and sellers. The network will act as an interface and will host buyers and sellers. Currently, the buyer side interface is being managed by PayTM while the Transaq प्लेटफॉर्म इंटरफेस seller side interface is managed by GoFrugal and other such vendors
Upon deployment of ONDC, when a buyer searches for a particular item, it will connect them Transaq प्लेटफॉर्म इंटरफेस to ONDC network via their respective app. On the other end, sellers who have the item that the buyer is looking for will be featured through open interface as a list. From here, buyer can choose the item and place an order for the same while taking advantage of the open network developed as per open-sourced methodology, using open specifications and open network protocols. ONDC is also onboarding several logistics partners along with hosting service provides and resource planners to help promote ecommerce business through the open network.
Why has Microsoft Joined Govt’s Open Network for Digital Commerce?
ONDC Network has been under development for quite sometime now and Microsoft joining the ONDC bandwagon makes it one of the first international tech giants to do so. As part of ONDC, Microsoft plans to develop and introduce a social e-Commerce market through its app. As part of the network, the US-based tech giant will also launch a shopping app which will be developed exclusively for Indian customers and enable them to harness social circle to discover best prices among retailers and e-sellers.Transaq प्लेटफॉर्म इंटरफेस
With other major names including Dunzo for Business (D4B), Go Frugal, Paytm, Digit, PhonePe and Loadshare already on ONDC, Microsoft joining it will push the envelope of creating the “largest interoperable open platform in a bid to break e-commerce monopolies and democratize digital marketplace.”
Who else has joined the ONDC So Far?
Currently, several key partners have joined the ONDC network which is aimed at enhancing e-commerce business for small and marginal businesses. Apart from Microsoftl, which has joined the bandwagon now, several other key players have also partnered and joined ONDC. The key among them include:
Grocery, Food & Beverage, Home & Decor
Bengaluru, New Delhi, Coimbatore, Bhopal, Shillong, Lucknow, Chennai, Kannur, Thrissur, Bijnor, Udupi, Chhindwara, Kolkata, Kancheepuram, Mannar, Ramnathapuram, Pune, Faridabad, Meerut, Mumbai, Kaup, Cuttack, Ernakulam, Theni, Kanpur, Chandausi, Jaipur
Bengaluru, Coimbatore, Kannur, Thrissur, Mannar
Grocery, Food & Beverage
Bengaluru, Shillong, Lucknow, Bijnor, Udupi, Meerut, Kaup, Cuttack
Bengaluru, New Delhi, Coimbatore, Bhopal, Lucknow, Chennai, Chhindwara, Kolkata, Kancheepuram, Ramnathapuram, Pune, Ernakulam, Theni, Kanpur, Chandausi, Jaipur
Bengaluru, New Delhi
Grocery, Home & Decor
Bengaluru, New Delhi, Lucknow, Faridabad, Mumbai, Jaipur
Bangalore, Pune, Gurgaon, Hyderabad, Delhi, Chennai, Noida, Mumbai, Kolkata
Bengaluru, New Delhi
Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app
एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप
Read the latest Current Affairs updates and download the Monthly Current Affairs PDF for UPSC, SSC, Banking and all Govt & State level Competitive exams here.
मिलने वाली है सुविधा, UPI app के जरिए QR code स्कैन कर एटीएम से निकाल सकेंगे कैश
यूपीआई कैश सर्विस के लिए यूजर्स को किसी नई सर्विस को साइन इन करने या नए ऐप डाउनलोड करने की जरूरत नहीं होगी.
Updated: December 5, 2018 12:21 PM IST
नई दिल्ली: एटीएम से पैसा निकालने के लिए पिन कोड डालने की जगह जल्द ही नई सुविधा मिल सकती है. QR code स्कैन कर एटीएम से कैश निकाले जा सकते हैं. बैंकों को एटीएम सर्विस देने वाली कंपनी एजीएस Unified Payments Interface (UPI) प्लेटफॉर्म पर काम कर रही है जिससे QR code के जरिए एटीएम से कैश निकाला जा सकता है.
Also Read:
यूपीआई कैश सर्विस के लिए यूजर्स को किसी नई सर्विस को साइन इन करने या नए ऐप को डाउनलोड करने की जरूरत नहीं होगी. इस तरह की सुविधा के लिए बैंक खाता धारकों को माबाइल एप्लीकेशन को सब्सक्राइब करना होगा. UPI payment करते समय कस्टमर को QR code की जरूरत होगी. अभी यूपीआई से पेमेंटे के लिए क्यूआर कोड का इस्तेमाल होता है. अगर आपने यूपीआई से अपना एकाउंट लिंक किया है तो एटीएम से पैसे निकालने के लिए क्यूआर कोड का इस्तेामल कर सकते हैं. यूपीआई के जरिए ये पैसा आप एटीएम से निकाल सकते हैं.
इकनॉमिक टाइम्स की खबर के मुताबिक AGS Transact Technologies के सीएमडी रवि बी गोयल ने बताया कि इस कंसेप्ट पर काम पूरा हो चुका है. हमने जितने बैंकों से इस सुविधा को लेकर बात की है सभी उत्सुक हैं. नेशनल पेमेंट कॉरपोरेश ऑफ इंडिया से अप्रूवल का इंतजार है. यह संस्था एटीएम नेटवर्क और यूपीआई प्लेटफॉर्म को कंट्रोल करती है. एटीएम और यूपीआई नेटवर्क दोनों एक ही फाइनेंसियल प्लेटफॉर्म पर काम करते हैं. यूपीआई सेक्योर ट्रांजेक्शन प्लेटफॉर्म है. हालांकि अगर बैंक इस सुविधा को लागू करना चाहते हैं तो उन्हें भारी भरकम निवेश करना होगा.
वहीं एसबीआई और अन्य बैंक नए साल यानी एक जनवरी 2019 से एटीएम को लेकर बदलाव करने जा रहे हैं. इस समय अगर आपके पास एटीएम कार्ड है तो यह 31 दिसंबर के बाद बेकार हो जाएगा. एसबीआई सहित कई बैंक नए चिप वाला एटीएम कार्ड जारी करने जा रहे हैं. नए साल में किसी तरह की असुविधा से बचने के लिए और एटीएम कार्ड की सेवाएं जारी रखने के लिए आपको अपना एटीएम कार्ड बदलना होगा. अब तक जो एटीएम कार्ड हैं उनमें मैगनेटिक स्ट्रिप लगे हैं वहीं एटीएम कार्ड में ईएमवी चिप लगे होंगे. एसबीआई से मिली जानकारी के अनुसार 31 दिसंबर के बाद पुराने एटीएम काम नहीं करेंगे. असुविधाओं से बचने के लिए आपको अपना डेबिट कार्ड समय पर बदलवा लेना चाहिए.
ब्रेकिंग न्यूज और लाइव न्यूज अपडेट के लिए हमें फेसबुक पर लाइक करें या ट्विटर पर फॉलो करें. India.Com पर विस्तार से पढ़ें व्यापार की और अन्य ताजा-तरीन खबरें
अधिकतम अंक: 5
न्यूनतम अंक: 1
मतदाताओं की संख्या: 676