Adoption of Digital Payments Among Retailers
Udaan recognizes the importance of digital payments in streamlining business operations and enhancing financial inclusion. The platform actively encourages the adoption of digital payment methods among retailers and Kirana stores. In 2023, Udaan reported a 22% increase in the number of retailers using digital payment options on the platform. This shift towards digital payments not only simplifies transactions but also fosters greater transparency and financial security for both buyers and sellers.
B2B platform Udaan sees sale of 2.25 billion products in 2023
Udaan, a prominent player in India’s B2B e-commerce space, has witnessed phenomenal growth in 2023. The platform facilitated the sale of a staggering 2.25 billion products across the nation, solidifying its position as a key enabler for small businesses and Kirana stores. This achievement signifies a significant contribution to India’s B2B e-commerce landscape, which is projected to reach a value of USD 700 billion by 2023-end.
In Short
- Udaan, the online B2B platform, shipped over 2.25 billion products across India in 2023.
- 900 sellers on the platform achieved sales worth Rs 1 crore each.
- The platform saw a significant increase in the adoption of digital payment methods.