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Informative

Riding On Festive Season, ONDC Logs 14 Mn Transactions In October

Update / Judgement Date

05 Nov 2024

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Consumer Protection Act

The government-backed Open Network for Digital Commerce (ONDC) logged 14 million transactions in October, a 7.6% increase from the previous month. The surge in transactions is attributed to the festive season, which boosted consumer spending and online shopping activities. ONDC aims to democratize digital commerce by providing an open network for small and medium enterprises to compete with larger e-commerce players. The increase in transactions reflects the growing adoption of ONDC’s platform.