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ONDC

Sujith Nair, CEO and Co-Founder of the Foundation for Interoperability in Digital Economy (FIDE), declared on Friday that UPI has evolved.

India is leading the charge in democratizing access to digital commerce through its groundbreaking Open Network for Digital Commerce (ONDC) initiative.

In May, the Government's ONDC reported a record-breaking 8.9 million transactions across retail and ride-hailing sectors.

ONDC's Pincode App from PhonePe Surpasses 5,000 Daily Order Milestone

The government has said existing platforms are tightly controlled, keeping out many small players.

Zomato and Swiggy has a new competitor which is threatening their duopoly.