- What is ONDC?
ONDC (Open Network for Digital Commerce) is an Indian government initiative aimed at creating an open, interoperable network for digital commerce. It breaks down the e-commerce value chain into distinct roles, allowing buyers and sellers to connect through multiple platforms.
- What is the potential impact of ONDC?
ONDC is expected to democratize digital commerce, reduce dependency on large platforms, lower transaction costs, and provide MSMEs better access to markets and financial services, promoting inclusivity and competition.
- Who are the various participants in ONDC?
Participants include Buyer Network Participants, Seller Network Participants, Logistics Network Participants, and Technology Service Providers, each playing a distinct role in the e-commerce value chain.
- How is it different from Amazon.com?
ONDC promotes interoperability and fairness by unbundling services, while Amazon operates as a closed ecosystem.
- What is ONDC in Financial Services?
ONDC enhances access to financial products for MSMEs by expanding credit access, enabling financial inclusion, and supporting seamless digital transactions.
- How does ONDC benefit Mutual Funds?
ONDC increases access to mutual funds, reduces costs, and facilitates digital distribution channels, promoting broader participation and lower fees.
- What happens if I am not in ONDC?
You risk missing out on increased market reach, reduced friction, and access to a growing, government-supported digital ecosystem.
- What does the Seller App do for Mutual Funds on ONDC?
The Seller App onboards AMCs, manages transactions, coordinates with RTAs, and processes payments, ensuring a seamless experience for mutual fund investors.
- What is the role of Validus Fintech in ONDC?
Validus Fintech helps AMCs onboard onto ONDC, providing advanced API-driven solutions and enhancing mutual fund distribution through seamless integration and compliance.
- Can I develop a Seller App myself? Why choose Validus Fintech?
Yes, you can, but partnering with Validus Fintech, a SEBI-registered Category 1 RTA, offers faster time to market, cost efficiency, deep expertise in mutual funds, and seamless buy-sell integration. We provide end-to-end RTA solutions, ensuring smoother operations and compliance, helping you maximize ONDC’s potential.
To explore the comprehensive FAQs and insights on how ONDC is revolutionizing mutual fund distribution, and discover the full range of solutions offered by Validus Fintech, please click here