Microsoft s ONDC 5e4ff to Launch Shopping App in India: All the Details

ONDC is a government initiative to reimagine digital commerce space in India. 5i4a25

By Jasmin Jose | Updated: 11 August 2022 17:09 IST

Microsoft s ONDC, to Launch Shopping App in India: All the Details

Microsoft has become the first tech giant to ONDC u3r4q

Highlights

Microsoft is expected to launch a social commerce retail app
ONDC is heading for its launch in Bengaluru this month
This is the government's effort to break Amazon and Walmart's dominance

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Microsoft has ed Open Network for Digital Commerce (ONDC) in India and plans to introduce social e-commerce in the country. ONDC is a government initiative to reimagine digital commerce in India and Microsoft is the first big tech company to the government-backed project. A social commerce retail app is expected to be launched by the American tech giant. ONDC is heading for its launch in Bengaluru this August. A report in June had revealed that ONDC had begun lining up banks and other key players needed to move the initiative forward.

Walmart's dominance in the e-commerce sector. As mentioned earlier, Microsoft is expected to launch a social commerce retail app in India.

To recall, ONDC is heading for its launch in Bengaluru this month. As a part of the launch, the project had organised a webinar explaining features of ONDC including how it would influence the e-commerce space in India, how a live transaction will work, and why should people opt ONDC for their business, among others.

India Said to Be in Talks With Banks, Agencies for E-Commerce Platform ONDC

A report in June had revealed that ONDC had begun lining up banks and other key players needed to move the initiave forward. Some of the country's biggest banks are in discussions about setting up "buyer platforms" to let their customers place orders for goods and services on the ONDC, which the government soft-launched in April.

India’s E-Commerce Platform ONDC Provides Alternative to Giants like Amazon

ONDC is expected to provide equal access to all online sellers and buyers in India, regardless of their size. Policymakers in other countries as well are looking at ways in which they can rein over the big tech companies' dominance of online purchases.

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