ONDC to bring in next revolution for e-commerce after UPI: Pramod Varma, former chief architect of A
Technology for MSMEs: The former chief architect of Aadhaar and Stack, Pramod Varma has expressed his faith in the Open Network for Digital Commerce (ONDC), calling it to bring in the next revolution for e-commerce, even more significant than Unified Payment Interface (UPI) brought in for digital payments in India.
“The effect of open networks is so large that eventually, it allows everyone worldwide to participate and innovate. The ONDC is gearing up to bring financial products to the network, which is expected to happen in the next few months. The UPI was a device-agnostic, authentication-agnostic, and currency-agnostic network that revolutionised digital banking and digital transactions in the country.” said Pramod Varma, former architect of Aadhar and Stack, while speaking at the session ‘India’s path to digitalisation’ organised by FICCI Ladies Organisation (FLO), the apex body of business women in the country.