Paytm will help onboard 1 crore merchants onto the government-backed Open Network for Digital Commerce by 2025, according to Chief Executive Officer and Founder Vijay Shekhar Sharma.
ONDC could prove to be the tipping point for Paytm's "natural extension" into commerce, he said at the ‘Build for Bharat' hackathon on Monday.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Paytm, operated by One 97 Communications Ltd., will also "catapult" its services from being only on the buyer side of the app to many other parts of the transaction, such as seller and logistics, Sharma said.
Paytm was the first major app to hop onboard the ONDC boat, helping drive a significant amount of traffic and transactions. Nearly 1.2 crore users had already transacted on ONDC via the Paytm app, Sharma said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.