What Is ONDC and Why It Matters
The Open Network for Digital Commerce (ONDC) is an initiative to promote open, interoperable, and inclusive digital networks in India, backed by the government. Unlike closed platforms, ONDC is designed to break the dependence on a single ecosystem and to foster transparency, flexibility, and sustainability in the long run. This change is significant for financial professionals as it:
- Open and standardised technology frameworks
- Reduced platform lock-in
- Better system interoperability over time
- Infrastructure that can adapt to regulatory and business changes
JezzMoney’s recognition as an ONDC Technology Service Provider confirms that our platform aligns with these principles.