scorecardresearchIndia lines up banks for e-commerce scheme to take on Amazon, Walmart: Report

India lines up banks for e-commerce scheme to take on Amazon, Walmart: Report

Updated: 02 Jun 2022, 09:29 AM IST
TL;DR.
Some of India's biggest banks are in discussions about setting up buyer platforms to let their customers place orders for goods and services over the Open Network for Digital Commerce (ONDC).
Indian e-commerce was worth more than $55 billion in gross merchandise value in 2021 and will grow to $350 billion by the end of this decade.

Indian e-commerce was worth more than $55 billion in gross merchandise value in 2021 and will grow to $350 billion by the end of this decade.