back Back

YES BANK enables its business enterprise customers to go live on ONDC

By Leandra Monteiro

August 16, 2022

  • Digital Commerce
  • Digital Transformation
  • India

YES BANK, ONDCYES BANK announced its partnership with SellerApp, a seller-centric intelligence platform, to facilitate adoption of Open Network Digital Commerce (ONDC) amongst the seller segment of its customer base and help them increase their digital commerce footprint. Aimed at promoting open networks for the exchange of all kinds of goods and services over digital or electronic networks, ONDC is a strategic initiative aimed to democratize the entire digital commerce space.

Speaking on the development, T Koshy, MD and CEO, ONDC said, “This innovative initiative from YES BANK to enable their business clients to be part of ONDC through their strategic alliance with SellerApp, which is one of the first Network Participants, is very encouraging. This is an excellent example of YES BANK creating a diverse business model to embed themselves in an Open Network. I am sure this model will evolve to be a great boon in enhancing market access for their corporate clients, especially small and medium enterprises who will be coming online first time.”

Commenting on the partnership, Prashant Kumar, MD & CEO, YES BANK said, “We are pleased to create access for our enterprise customers to be part of the strategic ONDC network, which aims to democratize the digital commerce space and entrust more power to businesses. This association will enable us to positively impact the business momentum of our SME, MSME and other enterprise customers across India and Bharat. We believe this partnership model with SellerApp complements our Technology-First A.R.T (Alliances, Relationship & Technology) approach and this synergy will benefit our customers with better data insights and wider access to the market by moving from a platform-centric model to an open-network model.”

Brij Purohit, Co-founder, said, “Just going by the huge diversity and market size we have, any digital revolution in India has been impactful as seen in the case of UPI or Aadhar. The way we see ONDC taking shape, it is going to revolutionize how commerce is done today in India and it is our privilege to partner with YES BANK in this journey.”

Previous Article

August 12, 2022

Verdant Capital raises USD 10m of debt funding for Zeepay

Read More
Next Article

August 16, 2022

YouHodler is now accepting Apple Pay for crypto payments

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024

Digital Commerce

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Jamaica’s First Global Bank partners with Profile Software

Read More

July 17, 2024

Digital banking glitches drive younger generations away from traditional banks

Read More

July 16, 2024

TISA goes live with Oracle’s core banking system, Flexcube 14.7

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024