Key Points
Pai Platforms has floated a new shopping app on the Open Network for Digital Commerce (ONDC)..
The company is backed by Paytm founder Vijay Shekhar Sharma, besides, the app has been created by the fintech major's parent entity One97 Communications as per the Google Play Store listing, Moneycontrol reported...
The development comes almost two months after Paytm E-commerce Private Limited rebranded itself as Pai Platforms and took over Bitsila, which is a Bangalore-based seller-side platform on ONDC...
"ONDC is currently operational in more than 500 cities and towns across India," Minister of State for Commerce and Industry Som Parkash said in a written reply to the Lok Sabha...
The ONDC has seen a sixfold increase in monthly retail purchases, reaching 3.6 million in March from 600,000 in September last year, as reported by sources familiar with the matter, news reports said...
