ONDC logs into international B2B marketplace with Singapore’s Proxtera
Commerce (ONDC) has expanded its reach into the international business-to-business marketplace by partnering with the Singapore-based B2B network Proxtera.
With this move, ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), aims to establish connections between small and medium enterprises (SMEs), logistics services and payment transfers, facilitating seamless export opportunities for Indian businesses.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Applied Business AnalyticsVisit«The demonstration today is a step towards enabling digital market access across borders for Indian businesses and SMEs and Proxtera, as the first international buyer app from Singapore,» Thampy Koshy, MD and CEO, ONDC, said at the Global SME Finance Forum held on Thursday.
Proxtera, a B2B marketplace network backed by the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA), becomes the inaugural international B2B buyer app integrated with ONDC.
Two seller networks, SignCatch, with the platform Bech.app, and Rapidor, with placeorder.com, are set to execute the first international B2B trade with ONDC. ET previously reported that these companies have joined the government-backed platform for their first B2B transaction.
“ONDC has made a foundational public infrastructure and we should open up different services like logistics, financing, transfer of payments and whatever it takes. I think that’s where we want the journey to continue,” said
