Expecting 30-40 million monthly transactions by March 2025: ONDC CEO T Koshy

Government-backed Open Network for Digital Commerce (ONDC) is hopeful of achieving 30-40 million digital transactions per month by the end of this fiscal, chief executive officer T Koshy said.

The ecommerce platform hit 10 million transactions in June and is likely to achieve 11-12 million transactions in July, he said.

“We now have about 6 lakh merchants on the platform. On average, we are seeing an increase of about 1 million transactions per month. So, 40 million by the end of this fiscal should be achievable. We are working towards it,” Koshy told reporters on the sidelines of the CII MSME Summit 2024.


ONDC has also started the pilot scheme of business-to-business as well as business-to-customer credit and financing with banks such as Aditya Birla Finance and DMI Finance, and will soon onboard other banks and financial institutions, Koshy said.

“Anybody who is digital and has got a digital consumer base is finding it relevant to expand their offerings through ONDC,” he said.

Instead of seeking physical collateral, ONDC will work with banks and financial institutions on a mechanism that can enable a merchant to seek a loan or credit based on his transactions on the network, Koshy said.

Earlier in the day, ministry of electronics and information technology secretary S Krishnan said the government was working on ways in which the domestic value addition, especially for electronic components, could be increased to 35-40% from the current 18%-20% over the next five years.

“It’s important that manufacturing in a particular sector picks up as it will ensure employment, resilience and availability of quality products to our citizens,” Krishnan said in his address at the summit.