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Sequoia-backed fintech Razorpay to integrate with ONDC

  • Fintech platform Razorpay has announced that it will join the government's e-commerce project, the Open Network for Digital Commerce (ONDC).
  • Razorpay will launch a payment reconciliation service for several network participants, including buyers, sellers, and logistic providers.
  • The company, which mainly focuses on businesses, has over 10 million businesses on its platform, including small and medium enterprises.
  • Razorpay's history of maintaining an audit trail is expected to help settle any disputes or discrepancies that arise on the ONDC network.

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