‘Penetration Of E-Commerce Is Still 6%, But The Numbers Are Growing Fast,’ Says T Koshy

T. Koshy, CEO, Open Network for Digital Commerce (ONDC), expressed that while there is a democratisation of money transfers, the penetration of e-commerce is still 6 percent but the numbers are growing fast. "This democratisation has addressed two things, it is leading to humongous amounts of concentration and in the coming time, we will reach where UPI is in four years," he added.