Mumbai : BSE Investments Limited (BSEIL), a 100% subsidiary of BSE has acquired 5.88% stake in Open Network for Digital Commerce (ONDC). BSE has always been at the vanguard of implementing the best and leading-edge technologies, processes and practices for ensuring the safety and integrity of markets.
In line with the trends in international convergence of digital e-commerce the ONDC opportunity is expected to revolutionize the way digital e-commerce as it is aligned with Government’s vision of making India “Atmanirbhar”. ONDC will promote building digital infrastructure through scaling and innovative OpenSource API’s and Open Protocols. A public design is being envisaged where buyers and sellers are mutually discoverable for ecommerce transactions and decentralized innovative model that encourages open collaboration and interoperability. Shri Ashishkumar Chauhan, MD & CEO, BSE said, “We are delighted to partner with ONDC, as this is a great opportunity to participate in this National initiative for digital transformation and financial inclusion.”