India’s ecommerce market gets on a trajectory to exceed $350 billion by 2030.
This campaign is targeted at equipping companies by supplying them with straight accessibility to the Open Network for Digital Commerce (ONDC), permitting them to display their items to a broad network of possible purchasers.
In-Solutions Global (ISG), in collaboration with JP Morgan Payments, has actually introduced the “ONDC Made Easy” option at the Global Fintech Fest 2024, to democratise India’s swiftly increasing electronic business landscape forecasted to exceed $350 billion by 2030.
This campaign is targeted at equipping companies by supplying them with straight accessibility to the Open Network for Digital Commerce (ONDC), permitting them to display their items to a broad network of possible purchasers.
The ONDC network, an open campaign backed by the Government of India, is swiftly ending up being the foundation of India’s electronic economic situation, presently organizing greater than 35,000 vendors and offering over 3.8 million SKUs throughout 236 cities. The network refined over 12 million organization purchases in July 2024 alone.
Guhaprasath Rajagopal, Managing Director & & Head of India Payments, JP Morgan, claimed &, “India’s e-commerce industry is on a trajectory to surpass $350 billion by 2030. Supporting our clients’ digital journey in this high-growth environment is a priority for us.”
T Koshy, Managing Director & CHIEF EXECUTIVE OFFICER, ONDC, claimed, “Every participant who joins ONDC brings unique value, expanding choices for buyers and sellers alike. JP Morgan’s partnership with ISG to facilitate the participation of their corporate clients in ONDC is a testament to the diverse and dynamic nature of the ONDC ecosystem. We are excited to see the positive impact this will have on the digital commerce landscape.”
Adelia Castelino,Co – creator & Managing Director at ISG, claimed,“Our collaboration with JP Morgan in the Asia Pacific region has already demonstrated our capability to deliver secure and efficient payment solutions.”
ISG and JPMorgan have actually formerly worked together to increase electronic repayments in the Asia Pacific area.
