In today's time, not only the youth but other people are also seen preferring to shop while sitting at home. If you can get your favorite thing without going anywhere, then what can be better than this? In this episode, ONDC is in a lot of discussions these days. While this is a good initiative from the point of view of the customers, it is challenging for e-commerce companies. In such a situation, everyone wants to know what is this ONDC and how does it work? In such a situation, if you also want to know about it in detail, then you can know here. So let's know about ONDC...
What is ONDC?
ONDC i.e. Open Network for Digital Commerce is a government e-commerce platform, which started in September last year and now it has come into the limelight. It is a platform where the seller, customer, and delivery partner are connected. At the same time, ONDC is seen doing the work of increasing the trend of online shopping.
Though it is still in its early stages, ONDC is already in the news. Not only this, many private e-commerce platforms are seen getting direct competition from it. Wherein, what will be the future of ONDC? It may be too early to say this.
Why was the need for ONDC?
Where earlier people used to shop from local retail markets and shops, then after the advent of the e-commerce website, people started ordering essential goods online. In such a situation, the sales in the local retail market started decreasing significantly as compared to earlier.
At the same time, it's bad fell on the real local retail shopkeepers. Therefore, as a solution to this problem, the government launched ONDC. The government was working on this for a long time.
How does it work?
Talking about the way ONDC works, it establishes direct contact between the customer and the seller. It doesn't have an app of its own, but as soon as you visit the website, it connects you to nearby restaurants through Paytm, Magicpin, and other apps. From there you can then order things as per your wish.
Is ONDC cheap?
Now it also becomes necessary to know how cheap is ONDC, because the real competition is about this. A very small commission is charged from any seller for listing his/her service (product) on the ONDC app.
According to media reports, this commission on ONDC ranges from 2 to 4 percent. Whereas, other e-commerce platforms charge more sellers for this listing. So it's cheaper to buy things on ONDC. At the same time, there is no third party in this, only the seller and the customer. That's why it is cheaper.
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