{"id":843459,"date":"2024-08-12T10:22:29","date_gmt":"2024-08-12T04:52:29","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=843459"},"modified":"2024-08-12T11:02:47","modified_gmt":"2024-08-12T05:32:47","slug":"ondc-touches-1-crore-transactions-a-month-a-upi-moment-in-digital-commerce","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/12\/ondc-touches-1-crore-transactions-a-month-a-upi-moment-in-digital-commerce\/","title":{"rendered":"ONDC touches ~1 crore transactions a month \u2013 A UPI Moment in Digital Commerce?"},"content":{"rendered":"<p>ONDC (Open Network for Digital Commerce, a government-initiated non-profit entity) crossed 99 lakh transactions in June 2024. ONDC is a Digital Public Infrastructure (DPI), a concept that received significant focus in the Union Budget 2024-25. A recent report by the India\u2019s G20 Task Force on Digital Public Infrastructure suggested that India achieved financialisation in 9 years, a process that would have probably taken 50 years, thanks to DPIs such as UPI, Aadhaar, etc. Adoption of ONDC could act as a leveler in the marketplace, aiding easier flow of trade within the country. Rising usage of DPIs could provide a productivity boost to land, labour and capital, and bodes well for the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ONDC (Open Network for Digital Commerce, a government-initiated non-profit entity) crossed 99 lakh transactions in June 2024. ONDC is a Digital Public Infrastructure (DPI), a concept that received significant focus in the Union Budget 2024-25. A recent report by the India\u2019s G20 Task Force on Digital Public Infrastructure suggested that India achieved financialisation in 9 years, a process that would have probably taken 50 years, thanks to DPIs such as UPI, Aadhaar, etc. Adoption of ONDC could act as a leveler in the marketplace, aiding easier flow of trade within the country. Rising usage of DPIs could provide a productivity [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-843459","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=843459"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843459\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=843459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=843459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=843459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}