ONDC to open its platform for fintech services like credit, insurance

The Open Network for Digital Commerce (ONDC) is set to expand its services to include financial offerings, such as credit, insurance, investments, and gift cards. This move comes after the platform successfully ventured into sectors like food, grocery, fashion, travel, and electronics.

According to industry insiders, the new financial features will go live in a few weeks.

Over 65 entities have shown interest in joining the network as either buyer and seller applications (lending institutions) or technology service providers. More than 20 entities have already begun their integration journey.