In a bid to break Amazon Inc (NASDAQ:AMZN) and Walmart Inc's (NYSE:WMT) duopoly in the country's e-commerce sector, India is lining up banks and other key players to set up its own "buyer platforms."
What Happened: According to Reuters sources, the country's administration is in discussion with some of its biggest banks for setting up "buyer platforms." This will allow customers to place orders for buying goods and services from the Open Network for Digital Commerce (ONDC), which the government soft-launched in April.
