ONDC responded to Business Today’s queries on the latest development and said that the incentives were introduced when the platform had less than 100 transactions per day.
ONDC bringing a revolution in digital marketplace? What began as a pilot project in 2021 with one buyer app, five seller apps and two logistics partners, Open Network for Digital Commerce (ONDC) has grown into 36 network participants and about 300 at various stages of integration. Multiple apps such as PayTm and PayU have entered ONDC. Watch Business Today Visual Story to know more.