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ONDC's transaction volume surges to 4.7 million: MD
Mint Mumbai
|December 01, 2023
As per an assessment by ONDC, it will be able to reach 1.2 billion transactions by 2027
State-run Open Network Digital Commerce’s (ONDC) potential to transform Indian e-commerce by connecting businesses, clients and consumers is showing results with transaction volumes jumping by 1,200 in January to 4.7 million in November, according to its managing director Thampy Koshy.
He said 100,000 cab rides are taking place through ONDC every day in four cities—Bengaluru, Mysore, Cochin and Kolkata. Koshi said in an interview that sellers can easily register at ONDC and upload the catalogue of their products for free, which is not possible with other e-commerce players.
The growing volume of transactions in ONDC, according to analysts, could disrupt the e-commerce space.
The one-year-old institution in the e-commerce marketplace has recorded a significant performance with transaction volumes in the network, Koshy said.
This story is from the December 01, 2023 edition of Mint Mumbai.
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