Benefits of using ONDC

Page 1

ImpactofONDConsmall businesses.ListofCompaniesthat areusingONDCinIndia?

ImpactofONDConsmallbusinesses

TheimpactofONDC(OpenNetworkforDigitalCommerce)onsmall businessescanbesigni cantandpositiveinseveralways:-

IncreasedMarketAccess

ONDCo ersaplatformforsmallenterprisestoexpandtheirmarketreach andinteractwithabiggerclientbase.

Itprovideschancesformorevisibilityandexposure,allowingthemto competeonamoreequalplaying eldwithlargerplayers.

ReduceentryBarriers

ONDCstrivestolowerentrybarriersandbureaucraticroadblockswhich o enpreventsmallenterprisesfromenteringthedigitalcommerce industry.

Itincreaseseaseofdoingbusinessbyhelpingsmallenterprisesmore e ectivelyutilisetechnologyandgetinvolvedinonlinetrade.

FairCompetition

TheONDCpromotesfaircompetitionbyencouraginghonesty, nondiscrimination,andequalopportunityforallbusinesses.]

Itpreventsunfairpractisesandanti-competitivebehaviour,ensuringthat smallbusinesseshaveanequalopportunitytocompeteandprosperinthe marketdigitalmarketplace.

LowerCostsandOperationalEfficiency

writinglove 3minread 2daysago
Bygivingaccesstocommontechnology,logistics,andful lmentservices, ONDCfosterscost-e ectiveande cientoperations. SearchMedium Write

Thiscanassistsmall rmsinsimplifyingtheirprocedures,reducing operatingexpenses,andincreasingoveralle ciency.

AccesstoDigitalToolsandResources

ONDCenablesaccesstodigitaltools,technology,andresourceso en associatedwithbiggerorganisations.

Smallcompaniescanutilisethesetoolstoimprovetheironlinepresence, advertisinge orts,andcustomerengagement,whichcanhelpthem succeed.

CollaborationandPartnerships

TheONDCencouragescollaborationandpartnershipsamongthemany participantsinthedigitalcommercesector.

Partnershipswithother rms,serviceproviders,orevenbiggerplatforms canhelpsmallbusinessesusetheirstrengthsandgrowtheirbusiness networks.

ListofCompaniesthatareusingONDCinIndia

·RelianceRetail

·Ekart ·Dunzo ·Paytm

·PhonePe

·Microso

·Meesho

·CommonServiceCentres(CSC)

·NationalPaymentCorporationofIndia(NPCI)

·NationalStockExchangeofIndia(NSE)

·StateBankofIndia(SBI)

·AxisBank

·KotakMahindraBank

·BSEInvestments

·CentralDepositoryServices

·ICICIBank

·SmallIndustriesDevelopmentBankofIndia(SIDBI)

BenefitsofusingONDC

Thefollowingaresomeofthebene tsofusingONDC:

Bycreatingamoreopenandcompetitivemarket,ONDCcanhelpto

lowerprices,increasechoice,andimprovecustomerservicefor

Indianconsumers.

Lowercosts:ONDCisdesignedtobecheaperforbothconsumers andsellers.Sellerswillhavetopaylesserlistingcosts,while customerswillbeabletopurchaseagreaterchoiceofitemsatlower rates.

Increasedcompetition:ONDCwillmakethee-commercesector morecompetitive,whichwillbene tcustomersbyprovidingmore optionsandcheaperpricing.

Increasedopenness:Byprovidingpurchaserswithmoreinformation onsellersanditems,ONDCwillpromotetransparencyintheecommercesector.

Improvedcustomerservice:TheONDCwillforcesellerstodeliver improvedcustomerservice,whichwillbene tconsumersby providingamorebene cialbuyingexperience.

Bottomline

ONDCiscurrentlyinitsearlyphasesofdevelopment,butithasthe potentialtotransformIndia’se-commerceeconomy.

Overall,ONDCempowerssmallbusinessesbyprovidingthemwitha supportivedigitalcommerceecosystem,enablingthemtothrive,compete, andgrowintheincreasinglydigital-driveneconomy.

2Followers

writinglove
Writtenby
Bloggeratheart Editprofile Morefromwritinglove writinglove Whyiscybersecurityimportantin mobileappdevelopment? Formultiplereasons,cybersecurityplaysan essentialroleinmobileappdevelopment: 2minread 6daysago writinglove HowtoCreateYourUberCloneApp withoutLosingYourpocket! LearnhowtocreateyourownUbercloneapp andchangethewaypeopletravel.Discover 3minread May 18
Ondc OndcApi OndcSeller OndcBuyerApp OndcPlatform

writinglove

IsentertainmentappisinTrend?

Whatisthecosttomakean…

IsentertainmentappisinTrend?

3minread Apr21

writinglove

ChoosingtheRightFlutter Developer:TopQuestionstoAsk…

Thereareanumberofinquiriesyoushoulddo whenselectingaFluttermobileapp

3minread Mar29

Seeallfromwritinglove

RecommendedfromMedium

AntMurphy in ProductCoalition

TheRiseofProduct-led Transformations

(originallypublishedat https://www.antmurphy.me/blog/2023/05/2

8minread May23

456 14

ChristinaSa in UXPlanet

TheUXDesignCaseStudyThat

GettingajobinUXdesignistough,butone particularcasestudyhelpedmestandout

8minread Mar 16 5.1K

GotMeHired
Lists StaffPicks 332stories 86saves StoriestoHelpYouLevel-Up atWork 19stories 55saves Self-Improvement101 20stories 107saves Productivity101 20stories 118saves
74

RuiAlves in TheGenerator

SnapchatInfluencerUsesGPT-4to BecomeaHigh-EndAIGirlfriend Thisishowshemade$71,610inasingle month

4minread May12

3.9K 54

DanielRizea in Entrepreneur'sHandbook

WhatI’veLearnedAboutthe PitfallsofHiringAfterHolding Themillion-dollarquestion:“HowdoIknowif ahirewillworkoutornot?”

10minread 6daysago

823 11

ChrisDavidson in InFitnessAndInHealth

LookingBetterThan99%ofPeople Over40isAboutOneThing Notworkouts,diet,supplementsorany‘hack’. Onceyounailthisthere’snostoppingyou.

5minread Apr17

9.3K 108

Seemorerecommendations Help

JonathanPoletti in ʙᴇʟᴏᴠᴇʀ

WhatcutsdidChristianitymaketo theBible?

Areligioneditsits“sacred”text

7minread May25

3.7K 68

Status Writers Blog Careers Privacy Terms About Texttospeech

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.