SignCatch executes first global export trade on ONDC Network

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ET BureauLast Updated: Sep 29, 2023, 09:23 PM IST

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SignCatch, a Platform-as-a-Service provider, has successfully executed the world's first export order on the Open Network for Digital Commerce (ONDC). SignCatch collaborated with Proxtera, a Singapore-based platform, to enable B2B sellers on Bech.app to receive export orders from Proxtera's B2B buyer platform.

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Platform-as-a-Service (PaaS) solution-provider SignCatch has announced that it has successfully executed the world's first export order on the Open Network for Digital Commerce (ONDC). Recently, the company introduced its platforms, Bech.app (B2B Seller) and OrderDe.com (B2B Buyer) on ONDC Network to facilitate cross-border trade.

To accomplish the export trade, the company collaborated with Singapore-based platform Proxtera. This tie-up enables B2B sellers on Bech.app to receive export orders from Proxtera's B2B buyer platform.

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Recently, Chaiom, a Delhi NCR-based brand, received an export order on ONDC network from Spinelli Coffee Company- a brand based in Singapore.

While Spinelli placed the order via Proxtera's platform, Chaiom received the order on Bech.app by SignCatch.

SignCatch stated that this achievement marks a significant step forward in transforming the global trade landscape.

T Koshy, the Managing Director and CEO of ONDC, expressed his enthusiasm, stating, "The demonstration today is a step towards enabling digital market access across borders for Indian businesses and SMEs. Proxtera, as the first international buyer app from Singapore, and the role of SignCatch on the seller side in bridging the gaps between businesses through cross-border trade, are thus highly instrumental in this journey."

Sumit Duggal, Founder & CEO of SignCatch, echoed this sentiment, saying, "As the first B2B seller platform for international trade, SignCatch is closely working with ONDC and Proxtera to create a seamless digital highway connecting Bharat’s MSMEs to global markets by leveraging secure & transparent protocols. The coming together of ONDC, Proxtera, and SignCatch is a game-changer that would provide a huge impetus to foreign trade."

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