ONDC to add banks, fintechs to take credit services to last mile

Open Network for Digital Commerce (ONDC) is set to integrate banks such as HDFC Bank, IDFC First Bank and Karnataka Bank, alongside fintech firms like Fibe, in the coming months, said people familiar with the matter.

Through this integration, participating banks will offer unsecured personal loans and goods and services tax-based invoice loans, targeting small merchants and retailers in financially underserved regions across the country, they said.