The Indian government-backed open e-commerce network has been expanded to facilitate business-to-business (B2B) transactions — months after enabling transactions between consumers and merchants over the open network protocol and widening its reach to the mobility sector.
On Monday, the Open Network for Digital Commerce — commonly called ONDC — launched B2B transactions on its interoperable network. Rapidor, a business automation platform based in Kerala, and SignCatch, a SaaS payments startup based in New Delhi, have come on the network to start B2B transactions between them.
During the testing phase that began last month, both startups conducted about 160 cross-transactions on the open network. The ONDC team said it has some other startups in the pipeline for its B2B expansion, including Noida-based rural fintech company Spice Money.
“One of the biggest challenges in digital commerce is even if you help enterprises to digitize, how do we help them to reach across the market? Each of them has to have …
