ANI PR Wire
15 Sep 2022, 19:30 GMT+10
Noida (Uttar Pradesh) [India], September 15 (ANI/SRV): ZYRO has joined as a participant in the Open Network for Digital Commerce (ONDC), a Ministry of Commerce and Industry project, to facilitate early network adoption among its clients.
As an early adopter of the ONDC network, the ZYRO has created a platform to assist sellers in discovering buyers in the ONDC Network as it evolves. The ZYRO has also begun enrolling small businesses that are current account clients onto an ONDC-registered partner app. The software is designed to assist small retailers in conducting transactions through ONDC's electronic network and expanding their digital presence.
CEO and Co-founder of Zyro, Vikas Kumar, said," Zyro Provides a platform as an ONDC Seller App where small retailers can make their digital store in a few clicks and have a chance to expand their business locally and globally. ONDC Seller App (Zyro) provides software where the seller can directly approach the potential buyer, and both can save money."
The collaboration of ONDC and Zyro is the platform that reduces the commission burden on the buyer and seller. Following the Indian government's objective to digitally change the lives of small SMEs and shopkeepers, Zyro will join the Open Network for Digital Commerce (ONDC).
"ZYRO joining the network is positioned to extend the network on both sides - buyers and sellers," T Koshy, Chief Executive Officer, ONDC, Said. "This is a great step, and we look forward to ZYRO expanding its network choices on both sides. In addition, each member adds their unique perspectives and expertise to the designs they execute, and this variety of approaches will enrich the user experience on ONDC."
ONDC, a section 8 corporation, was formed to democratise e-commerce by shifting it from a platform-centric model to an open network architecture comparable to the Unified Payments Interface (UPI) for payments. As a result, a groundbreaking network is projected to increase inclusion and interoperability in supply chains, buyer worlds, logistics, and technological services.
It will provide small company owners equitable access to the marketplace, allowing them to reach customers at scale and create best-in-class quality experiences in collaboration with other participants and their capabilities. ZYRO has extensively used technology to support small enterprises and entrepreneurs.
The ZYRO has specialized in retail lending and established the capacity to use the country's digital ecosystems. Its retail operation is spread over 25 different areas of business and millions of clients. Customers and partners are also helped through retail applications and assisted-digital services.
Zyro is a next-generation business Banking solution provider for SMEs and start-ups to streamline business financial operations. An increasing number of businesses at the forefront of technology have embraced Zyro for an effortless payment experience & optimizing operational workflow. As a result, Zyro is among the most popular platforms for growth within B2B industry, allowing businesses to digitalize and enhance their commercial payment experience. Zyro provides a bundle of business banking solutions like billing and invoicing applications, expense management solutions, inventory management tools, order management tools, expense cards, Payment collection systems, etc.
This story has been provided by SRV. ANI will not be responsible in any way for the content in this article. (ANI/SRV)
Get a daily dose of South East Asia Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.
More InformationMOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...