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    Question

    _______┬а fintech payments and banking platform for

    businesses, will join the Open Network for Digital Commerce (ONDC), as an alternative for internet shopping ┬а┬а becoming the first payment gateway to launch a Payment Reconciliation Service for Network Participants (NPs) like buyers, sellers, and logistic partners on ONDC.┬а
    A Paytm Correct Answer Incorrect Answer
    B GPay Correct Answer Incorrect Answer
    C Razorpay Correct Answer Incorrect Answer
    D Cred Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Razorpay, a fintech payments and banking platform for businesses, will join the Open Network for Digital Commerce (ONDC), as an alternative for internet shopping. ┬а┬а┬а With this, the Tiger Global-backed firm has become the first payment gateway to launch a Payment Reconciliation Service for Network Participants (NPs) like buyers, sellers, and logistic partners on ONDC. ┬а┬а This will provide them with an integrated single view of all their transactions. It will further help NPs on ONDC by timely routing settlement information for a given transaction and assisting them with settling funds.

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