News

Ecommerce in Pakistan to grow over USD 1 bln by 2020

Tuesday 19 June 2018 08:41 CET | News

Industry officials have said that Pakistan’s ecommerce sales are projected to grow from USD 612 million in 2017 to USD 1 bln in 2020. 

Jawad Farid, head of Corporate Innovation at tech company Excellence Delivered (ExD) said ecommerce market is experiencing an annual growth of 72%. The country has one of the highest rates of mobile and internet penetrations in South Asia with 40 million Internet subscribers and 20 million Facebook users.

Farid said this visible growth has encouraged many retailers to operate their own websites or use online marketplaces to sell products. Number of registered e-commerce merchants rose more than 2.6 times in the last couple of years amid advent of 3G/4G services and availability of cheaper smart phones. “Nevertheless, there is still much room to grow.” Alone Amazon recorded more than USD 54.47 billion in online sales in 2017.

ExD executive said some of the factors that have served as a catalyst to ecommerce growth include ease of purchasing while sitting at home, availability of cash on delivery option in which you only pay when you get a product, variety of products to choose from and customer reviews and feedback on social media.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ecommerce Pakistan, online retail Pakistan, ecommerce growth, online sales
Categories:
Countries: World

Related

Vynn Capital leads USD 350k seed round in e-procurement platform Dropee

Published 17 Jan 2019 09:59 CET | World
Malaysia-based VC company Vynn Capital has led a USD 350,000 seed financing round in B2B e-procurement marketplace Dropee....

Apple Pay Cash earns highest marks for security and privacy

Published 07 Aug 2018 11:38 CET | World
A Consumer Reports research has found that Apple Pay Cash earned the highest marks for security and privacy, both key considerations in a payments product....

Zighra platform supports FIDO authentication and the emerging FIDO2 protocols

Published 21 Jun 2018 10:47 CET | World
Zighra, the AI-powered continuous authentication and threat detection company, has announced that the \on device\ version of its platform now supports FIDO authentication....