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ONDC delays levying network fee again on stakeholder feedback
Economic Times
·
3m ago
Medial
The Open Network for Digital Commerce (ONDC) has delayed implementing a network infrastructure fee for seller apps on the government-backed platform, now set to start on July 1, after initial plans for January 1 and April 1. The postponement, due to stakeholder feedback, allows participants to adjust their processes. The fee supports infrastructure development and critical services, crucial for ONDC’s long-term sustainability, and any future fee changes will be communicated well in advance.
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ONDC postpones network charges implementation
Economic Times
·
6m ago
Medial
The government-backed Open Network for Digital Commerce (ONDC) postponed its network infrastructure fee implementation from January to April 1, following participant feedback. This fee aims to make ONDC financially sustainable. The fee, Rs 1.5 per transaction over Rs 250, will impact seller apps like logistics and financial service providers. Firms are concerned about the fee affecting conversion rates, with discussions on potentially passing costs to customers. ONDC aims to sustain and grow digital commerce infrastructure.
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ONDC cuts financial incentives for network participants ahead of levying network fee
Economic Times
·
8m ago
Medial
The Open Network for Digital Commerce (ONDC) has reduced the monthly limit for financial assistance that network participants can seek, while also planning to introduce a network fee for seller apps. The cap for financial incentives has been reduced to Rs 40 lakh for December, and Rs 30 lakh for network participants with over 1 million orders per month. ONDC aims to become self-sustaining and plans to charge a network infrastructure fee of Rs 1.50 per transaction above Rs 250 from January. The network has facilitated 142 million transactions since its inception.
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Centre Asks Amazon And Flipkart To Set Up ONDC Storefronts On Their Home Pages
Inc42
·
1y ago
Medial
The Indian government has asked Amazon and Flipkart to set up Open Network for Digital Commerce (ONDC) storefronts on their platforms to help the network scale up operations and address any delays. ONDC is in discussions with the National Restaurants Association of India (NRAI) to establish improved last-mile connectivity for food delivery and streamline operations within the sector. ONDC, backed by the Department for Promotion of Industry and Internal Trade (DPIIT), aims to democratize e-commerce in India and is looking to onboard news media platforms as well. It is expected to generate $250-300 billion in gross merchandise value by 2030.
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ONDC May Start Levying Small Fee On Each Transaction From This Fiscal : CEO Koshy
Inc42
·
1y ago
Medial
The government-run Open Network for Digital Commerce (ONDC) is considering implementing transaction charges in order to cover its operating expenses. The exact fee amount has not been determined yet, but it is expected to be minimal and applied to each transaction. The move is aimed at improving revenue for ONDC and ensuring its financial sustainability.
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How Chandigarh-Based uEngage Is Liberating F&B Sellers From The High Commission Trap
Inc42
·
1y ago
Medial
uEngage is a Chandigarh-based startup that provides online ordering solutions to restaurants and helps them save on commissions from food aggregator platforms. The company offers three tech solutions - Edge, Flash, and Prism - that allow restaurants to create custom ordering apps, manage deliveries, and automate marketing efforts. uEngage operates on a zero-commission model and charges a transaction fee of 2% plus GST. The startup is also actively engaged with the Open Network for Digital Commerce (ONDC), allowing businesses to integrate with the open digital commerce network.
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Zero commission model in mobility can increase driver incomes by 30%: ONDC
YourStory
·
7m ago
Medial
The Government-backed Open Network for Digital Commerce (ONDC) has released a whitepaper discussing the benefits of its zero commission model for the mobility sector. The report highlights the challenges faced by ride-hailing drivers who pay a percentage of their earnings as commissions to platforms. In contrast, the ONDC's zero commission model, which charges a flat platform fee or a monthly subscription fee starting from as low as Rs 10 per day, allows drivers to retain 100% of their earnings. This could lead to a 30% increase in driver incomes, amounting to Rs 1.36 lakh annually, benefiting approximately 15 lakh drivers across India. The ONDC aims to promote digital inclusion and growth through its open network approach, which prioritizes interoperability and unbundling of services. This model has the potential to generate significant economic impact and tax revenue for the government. The whitepaper also argues for a differentiated approach to applying GST to support the growth of open network zero-commission ride-hailing services.
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Over 70% Users To Stop Using UPI If Transaction Fee Is Levied: Survey
Inc42
·
1y ago
Medial
A survey conducted by LocalCircles found that the majority of Indian users oppose the imposition of transaction fees on Unified Payments Interface (UPI) transactions. Approximately 73% of the respondents said they would stop using UPI if a fee is introduced, while only 23% were willing to bear the transaction cost. The survey also revealed that some platforms or merchants have been charging an additional convenience fee for UPI payments. This comes after the Reserve Bank of India proposed levying transaction charges on UPI payments earlier this year. Despite these concerns, UPI transactions continue to increase steadily in India.
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Ola eyes grocery and fashion foray on ONDC
Economic Times
·
1y ago
Medial
Ride-hailing company Ola is expanding its e-commerce offerings by allowing customers to shop for groceries and fashion on Open Network for Digital Commerce (ONDC) via its app. This move aims to diversify Ola's product range and leverage ONDC's network of sellers. Ola's integration with ONDC will give access to thousands of grocers and fashion brands already on the network, making it a cost-effective solution. Ola's mobility segment is not a part of ONDC, but the company may explore integrating it in the future. Ola's logistics services will also be extended to other seller applications on the ONDC network.
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ONDC’s first buyer side logistics app to fix a big gripe
Economic Times
·
1y ago
Medial
The government-supported ecommerce network, Open Network for Digital Commerce (ONDC), has approved its first buyer-side logistics app, MP2 Innovations. The app aims to address delivery challenges faced by ONDC participants by allowing them to access various delivery fleets through a single API. MP2 Innovations has partnered with logistics companies such as Loadshare and Zypp and plans to go live on the ONDC network soon. This move is expected to improve the ecommerce experience on ONDC and attract more prominent players to integrate with the platform.
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Ola Electric To Roll Out Its Products On ONDC Next Week
Inc42
·
11m ago
Medial
Ola Electric CEO Bhavish Aggarwal announced that all Ola Electric products will be available on the Open Network for Digital Commerce (ONDC) starting from next week. Aggarwal expressed his enthusiasm for ONDC, referring to it as the "UPI moment for e-commerce." This partnership is not the first between Aggarwal and the ONDC network.
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