Live partner
ONDC
ONDC
Features
A population-scale platform
The platform is designed to tackle population-scale transaction volumes that are initiated by different participants across the network.
Secure and smooth transactions
A meticulous onboarding process of network participants ensures security and validity of all payments on the NOCS platform.
Supports multifarious entities
The platform offers integration for multiple entities including banks, e-commerce platforms and technical service providers.
Seamless reconciliation of settlements
A common reference number is shared to banks, RBI and RSPs for every settlement, enabling seamless reconciliation across stakeholders.
Faster settlement confirmations
The execution of every settlement occurs through a Multilateral Net Settlement Batch file posted on the RBI portal, enabling the Settlement Agency to confirm settlements to RSPs faster.
Benefits
Seamless settlements to counterparties through an RBI‑regulated entity
Single point of contact for all ONDC‑related settlements
Seamless sharing of settlement
Single point of contact for all ONDC-related settlements
How it works
NBBL functions as a Settlement Agency on the ONDC network.
