Daily GK (General Knowledge)

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

Hong Kong and Shanghai Banking Corporation (HSBC) Limited became the first foreign bank in India to launch 'ONDC in a Box', a one-stop-shop proposition for corporates towards seamless enablement on ONDC.

Aim :  To foster an inclusive, competitive, and open network, amplifying its impact across the business spectrum.

* The ONDC is an initiative to build an open, interoperable network on which buyers and sellers can transact without needing to be present on the same platform.

Source : HSBC

Published On : September 11, 2023
Category : Banking