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Economics › Digital Payments,Digital Infrastructure

Economics › Digital Payments,Digital Infrastructure

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Which one of the following best describes the key objective of India’s ‘Open Network for Digital Commerce’ (ONDC) initiative?

Options

(a)

To allow digital government control over all digital commerce transactions

(b)

To replace private e-commerce players

(c)

To break the dominance of large e-commerce platforms by enabling interoperability across networks

(d)

To mandate UPI-based payments for all online transactions

Answer

(c) To break the dominance of large e-commerce platforms by enabling interoperability across networks