ONDC partners with Proxtera as first international buyer app for overseas B2B exports
ONDC) has roped in Singapore-based platform Proxtera as its first international buyer app as part of its foray into international business-to-business (B2B) exports.
Further, SignCatch and Rapidor, with Bech.app and placeorder.com respectively, will be among the first to join ONDC as international B2B seller network participants.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Applied Business AnalyticsVisitIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitThe ONDC-Proxtera collaboration was showcased in Mumbai during the 4th G20 Global Partnership for Financial Inclusion (GPFI) as part of the Global SME Finance Forum.
T Koshy, MD and CEO of ONDC, said, “The demonstration today is a step towards enabling digital market access across borders for Indian businesses and SMEs. Proxtera, as the first international buyer app from Singapore, and the roles of SignCatch and Rapidor on the seller side in bridging the gaps between businesses through cross-border trade, are thus highly instrumental in this journey."
Proxtera is a meta-hub that connects B2B platforms and SMEs for trade and financing. It is part of the Business sans Borders (BsB) initiative of the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA).
“This landmark collaboration cements a clear vision of the future of financial technology, ultimately establishing a globally recognised framework and democratizing access to global trade,” ONDC said in a statement.
It will enable Indian businesses to increase product visibility and
