๐Ÿš– Open mobility network could curb ride aggregator monopoly

Bengaluru news in just 5 minutes

Get TLB Bengaluru, our smart and concise daily guide to bustling Bengaluru in your inbox for FREE.

The open mobility network (OMN) is being adopted by cities all over the world in an effort to break the monopoly of large corporations that operate as aggregators and charge exploitative prices.

Story so far: According to an expert working on Namma Yatri, the goal is to build a mobility network where customers can access a variety of service providers, from independent drivers to those employed by various aggregators. Such a network would immediately stop the outrageous pricing. Because there is no middleman in open networks, customers can interact and transact with service providers directly without having to pay more.

  • The protocol of open networks ensures digital infrastructure that enables direct and transparent transactions.
  • Products and services remain affordable since these platforms donโ€™t require payment of hefty commissions.

Complements ONDC: The Open network supports similar initiatives of the Union government. The Open Network for Digital Commerce (ONDC), which was established by the Centre, aims to reimagine the current digital commerce system on the Open network.

  • The model emphasises inclusive ideals by stating that “a wide spectrum” of service providers and consumers must participate and accept ONDC in order for it to be successful.

More Stories from Bengaluru...

Bengaluru news in just 5 minutes

Get TLB Bengaluru, our smart and concise daily guide to bustling Bengaluru in your inbox for FREE.