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Ismail Amla
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How India is shaping the future of e-commerce

If it works, ONDC could fundamentally change the rules of the game for e-commerce and retail — potentially on a global scale — and herald a future of more open and competitive retail with less dominance by vertically integrated platforms

Early reports from ONDC’s initial roll-out in four cities are positive. If it works, ONDC could fundamentally change the rules of the game for e-commerce and retail — potentially on a global scale — and herald a future of more open and competitive retail with less dominance by vertically integrated platforms. It could show United States (US) regulators how to take on monopolies. (Burhaan Kinu/HT PHOTO)
Updated on Aug 07, 2022 08:57 PM IST
ByVivek Wadhwa, Ismail Amla, and Alex Salkever

Forget Web3. India is miles ahead with its UPI

As the crypto craze is dying down, Web 3 is the West’s new obsession. However, India’s Unified Payments Interface (UPI) stands out as a stable and critical technological invention for the future

The best indication of its usefulness is that UPI has grown wildly popular. In six years, transactions running on UPI have skyrocketed, now exceeding $100 billion per month. India is leaping ahead of the world. (Mint File Photo)
Published on Jul 03, 2022 08:49 PM IST
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