IDFC First Bank has joined Open Network for Digital Commerce (ONDC), an initiative of the Ministry of Commerce and Industry, to enable early adoption of the network among its customers. As an early mover in the ONDC network, the Bank has enabled a platform for buyers which will help them discover sellers in the ONDC Network as it develops over time.
The bank has also started onboarding small merchants, who are its current account customers, onto a partner app registered with ONDC. The app is expected to help small merchants carry out transactions over ONDC's electronic network and step up their digital footprint.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.
