HSBC India became the first foreign bank in India to launch ‘ONDC in a Box’

HSBC India became the first foreign bank in India to launch ‘ONDC in a Box’

Daily Current Affairs / HSBC India became the first foreign bank in India to launch ‘ONDC in a Box’

Change Language English Hindi

Category : Business and economics Published on: September 16 2023

Share on facebook

Hong Kong and Shanghai Banking Corporation (HSBC) India has launched ‘ONDC in a Box’, a one-stop-shop proposition for corporates towards seamless enablement on ONDC.
With this launch, HSBC India became the first foreign bank in India to offer an ONDC-enabled proposition.
The Open Network for Digital Commerce (ONDC) is an initiative by the Department for Promotion of Industry and Internal Trade, and the Ministry of Commerce and Industry to build an open, interoperable network on which buyers and sellers can transact without needing to be present on the same platform.
ONDC aims at fostering an inclusive, competitive, and open network, amplifying its impact across the business spectrum.

Recent Post's

Taragiri, the fourth Nilgiri-class (Project 17A) stealth frigate with 75% indigenous content, was delivered to the Indian Navy by Mazagon Dock Shipbuilding Ltd (MDL).
Read More....
NeVA is rapidly transforming India’s legislatures into fully digital, paperless Houses through a unified “One Nation, One Application” platform with AI-enabled multilingual support.
Read More....
The Trade Enablement and Marketing (TEAM) Scheme empowers Micro, Small, and Medium Enterprises (MSMEs) with digital tools, enhancing e-commerce access and market opportunities, especially for women-led enterprises.
Read More....
India re-elected to UNESCO Executive Board, strengthening its role in global education, culture, and sustainable development.
Read More....
Darjeeling Mandarin Orange receives GI tag, ensuring fair prices for farmers and boosting regional economy.
Read More....
India launches indigenous Hansa-3 (Next Generation) trainer aircraft, boosting aerospace self-reliance and pilot training capacity.
Read More....
Observed on 2 December, the International Day for the Abolition of Slavery highlights that modern slavery still traps 50 million people across the world.
Read More....
India has rediscovered the bamboo shrimp Atyopsis spinipes after 72 years, correcting past misidentifications and highlighting urgent freshwater conservation needs.
Read More....
India mandates SIM-binding for all messaging apps to curb cyber fraud and strengthen digital security.
Read More....
India updates seismic map, designating the entire Himalayas as the highest-risk Zone VI, highlighting earthquake preparedness and resilient infrastructure.
Read More....