SBI, NPCI, NSE likely promoters of 'open' e-platform for retailers

Network aims to curb digital monopolies

Top banks, stock exchanges as well as payments and settlement organisations have expressed interest in the government’s plan to create a digital platform on an open network to enable a wide variety of local retailers to sell their products and services.

National Payments Corporation of India (NPCI), State Bank of India, HDFC Bank, the National Stock Exchange, the BSE, NSDL, and National Bank for Agriculture and Rural Development, among others, have committed to be the promoters of the private sector-led non-profit company that is expected to launch Open Network for Digital Commerce (ONDC), a senior government official told Business Standard. The