back Back

Easy Pay & Grameen Foundation to onboard MSMEs on ONDC Platform

By Gloria Mathias

May 06, 2024

  • Easy Pay
  • eCommerce Payments
  • Fintech business
Share

Easy Pay, Grameen Foundation, Fintech News, Fintech solutions, MSME solutions, SME Solutions, ONDC, eCommerce payments, Fintech India, Fintech Business,Easy Pay, a payment solution company that will join ONDC and offer retail and financial services integration solutions, has announced a partnership with the Grameen Foundation.

This partnership follows a Social Impact (GFSI), a not-for-profit organization that on-board MSME sellers to the network. The focus is onboarding specially skilled sellers, including artisans, weavers and others, onto the Open Network for Digital Commerce (ONDC) platform, empowering them to become online sellers.

This collaboration aims to provide these entrepreneurs, both women and men, with access to a wider market through eCommerce.

Through this partnership, the company will address the challenge faced by sellers who are doing business in small geographies and skilled professionals who currently sell goods at lower margins through distributors by enabling them to access online markets with higher revenue potential.

Nilay Patel, Founder & Managing Director of Easy Pay, said, “At Easy Pay, we are dedicated to fostering inclusive growth and empowerment within the MSME community. Our collaboration with the Grameen Foundation marks a pivotal step in democratizing e-commerce access for skilled groups and small businesses across India. The absence of a robust eCommerce ecosystem has long hindered small merchants, artisans and craftsmen from venturing online. Integration with ONDC eliminates these barriers, offering unrestricted access to the e-commerce world along with numerous benefits.”

By leveraging the ONDC network, these individuals will be able to showcase their products and services to a larger audience and benefit from access to a range of other services on the ONDC network, such as credit facilities, digital payments, delivery solutions, and more. Easy Pay will also train sellers to act as agents for onboarding other sellers onto the ONDC network.

Rahul Dube, Project Director from the Grameen Foundation for Social Impact (GFSI), said, “Grameen Foundation for Social Impact’s partnership with Easy Pay will endeavour to empower grassroots entrepreneurs who have never accessed the benefits of selling online. By leveraging technology and innovation, we aim to bridge the gap between skilled professionals and online marketplaces, thereby urging economic inclusivity and sustainable growth.”

 

Previous Article

May 06, 2024

MoonPay expands crypto options with PayPal integration

Read More
Next Article

May 06, 2024

ICICI Bank supports NRIs to make UPI payments in India

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Easy Pay

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024