Tuesday, March 18, 2025 | 03:15 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Credit on ONDC and OCEN awaits their 'UPI moment' as deployment begins

A lot of interest in joining an open network also boils down to how operational costs can be brought down in lending businesses. NBFCs and fintech could drive credit innovation on open networks

Fintech, Fintech sector
Premium

Photo: Shutterstock

Ajinkya Kawale Mumbai
With the Open Network for Digital Commerce (ONDC) venturing into finance services, many are asking if this clashes with the format of Open Credit Enablement Network (OCEN), the platform that was launched to make access to unsecured credit for small businesses easy. 

Both these open networks, ONDC and OCEN, are laying out plans to partner with lending institutions and ensure credit is deployed to the underserved parts of the larger market. 

Players working with both platforms said that is not the case, as both the two services involve different requirements. 

For instance, ONDC has gone live with

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in