ONDC launches B2B transactions

NEW DELHI: The government-backed open network for digital commerce (ONDC) has expanded its scope by enabling business-to-business (B2B) transactions, a move it expects will benefit scores of small and medium establishments by giving them access to a wider market for their products. “This will open up a lot more possibilities. With thelaunch of the B2B-enabled open network, we are ushering in a new era of e-commerce where businesses can thrive online, overcoming the challenges that have held them back,” MD & CEO T Koshy said on Monday.

The B2B transactions on ONDC are being powered by tech startups SignCatch and Rapidor, which have jointly enabled both the B2B buyer and seller side platforms on the network, allowing interoperability between buyers and sellers. In the past few days, both the firms have enabled over 160 B2B transactions. The B2B launch is currently in the alpha mode.