Managing your finances wisely and finding ways to save money on everyday expenses is a skill that never goes out of style. In the year 2022, the Open Network for Digital Commerce (ONDC) emerged as a promising platform to help individuals save money on various purchases, including food and groceries and give access to one platform where they can buy anything. In this blog post, we will explore the steps that you can take to make the most of ONDC to save money while shopping for food and groceries.
The Open Network for Digital Commerce, abbreviated as ONDC, is an initiative launched by the Government of India in 2022. ONDC aims to provide a platform for various stakeholders, including buyers, sellers, and service providers to interact and conduct digital commerce in a transparent and efficient manner. The primary goal of ONDC is to enable small and medium-sized businesses (SMBs) to leverage digital technologies and expand their reach in the e-commerce ecosystem. Listed below are some of the key objectives of ONDC:
- It seeks to promote fair competition, reduce entry barriers, and provide equal opportunities for all participants in the digital commerce space.
- ONDC aims to create a standardized framework that allows different e-commerce platforms and service providers to seamlessly integrate and share data, ensuring a more open and interconnected digital commerce ecosystem.
- The initiative strives to create a level playing field by enabling SMBs to compete with established e-commerce players. By providing access to a wider consumer base, ONDC intends to promote fair competition and prevent unfair trade practices.
- ONDC recognizes the importance of data as a valuable asset for businesses. It aims to empower businesses by providing them access to relevant data and insights, enabling them to make informed decisions and improve their operations.
- ONDC emphasizes the importance of consumer rights and protection. It aims to establish guidelines and mechanisms to ensure transparency, trust, and accountability in digital commerce transactions, thereby safeguarding the interests of consumers.
ONDC Food Order & Delivery on Paytm
- Log in to your Paytm app.
- Access ONDC through either of these methods: a. Use the search bar and type ‘ONDC’ for quick access. b. Scroll down to the ‘Paytm se ONDC’ section on the homepage.
- In ONDC, you’ll find various categories like Food, Grocery, electronics, etc. Choose ONDC- Food.
- Search for the desired item or browse manually.
- Add items to your cart and click ‘Go to Cart.’
- Select your delivery address using the map feature.
- Apply any available coupon code for discounts.
- Proceed to payment, choosing from options like credit/debit cards, net banking, UPI, or Paytm Wallet.
- Enter your payment method’s PIN for security.
- After a successful transaction, you’ll receive a confirmation notification on your registered mobile number. Track your delivery in real-time.
ONDC Grocery Order & Delivery on Paytm
- Open the Paytm app and log in.
- Find ONDC:
- Option A: Use the search bar and type ‘ONDC’ to access it.
- Option B: Scroll to the ‘Paytm se ONDC’ section on the homepage.
- On the Paytm ONDC screen, select ‘ONDC- Grocery.’
- Add desired items to your cart.
- Click ‘Go to Cart’ and choose your delivery address on the map.
- Apply any coupon codes for discounts.
- Select a payment method (credit/debit cards, net banking, UPI, or Paytm Wallet).
- Enter your payment method’s PIN for security.
- Receive a confirmation notification on your mobile.
- Track the delivery in real-time.
How does ONDC Help you Save Money?
The Open Network for Digital Commerce (ONDC) platform can help you save money in several ways:
- Increased Competition
ONDC aims to promote fair competition in the digital commerce ecosystem. By providing a platform for small and medium-sized businesses (SMBs) to participate more effectively, it creates a more competitive marketplace. Increased competition often leads to better prices and deals as businesses strive to attract customers and maximize their sales.
- Access to Multiple Sellers
ONDC platform allows you to browse and compare products from various sellers in one place. This enables you to explore a wider range of options and choose the best deals available. With more sellers competing on the platform, you have a better chance of finding competitive prices and discounts.
- Standardized Pricing and Transparency
ONDC encourages transparent pricing and standardization across sellers. This means that prices for the same products are more likely to be consistent, making it easier for you to compare and identify the best offers. With clear and transparent pricing, you can make informed decisions that align with your budget and savings goals.
- Discounts and Promotions
ONDC platform may collaborate with sellers and offer exclusive discounts, promotions, or bundled deals to attract customers. As an ONDC user, you may have access to these special offers, helping you save money on your purchases. Keep an eye out for any ongoing promotions or deals highlighted on the platform.
- Data-Driven Insights
ONDC aims to empower businesses by providing access to relevant data and insights. This means sellers can analyze consumer behavior, market trends, and pricing strategies to optimize their offerings. As a result, they may be able to provide more competitive prices or exclusive deals through the ONDC platform.
- Bulk Buying Opportunities
Depending on the implementation, ONDC platform may provide options for bulk purchasing. This can be particularly beneficial for non-perishable items or household essentials. Buying in bulk often comes with discounted prices, allowing you to save money in the long run.
Why Is ONDC More Affordable?
Unlike many other e-commerce platforms that charge commissions as high as 25%, ONDC only levies a modest 3% commission. This means that when you order through ONDC, it’s generally less expensive for you compared to other food delivery platforms.
ONDC’s main goal is to create a fair and open e-commerce space that helps small businesses compete with larger players in the industry. Using the Open Network for Digital Commerce (ONDC) for your food and grocery shopping is a smart way to save money. When you become an ONDC member, you get access to a platform that promotes fair competition, offers special discounts, and maintains transparent pricing. These benefits, along with the possibility of bulk buying and data-driven insights, result in significant cost savings for you.