Page 71 - IBT October 2020
P. 71
E-commerce
The Government of Bangladesh
approved online payment in commerce where a business Post Pandemic- transactions and if basic transactions been around since before Covid online and amenities are listed
2009 and the Bangladesh Bank decides to buy raw material can be done with simple taps on the but has seen an increase in out. Pictures are provided as
approved the use of debit and from another business to use the New Normal mobile phone, it does make bank runs viewership during the lockdown. proof and payment is collected
credit cards for online payments in the final product of their Fortunately or unfortunately, due quite redundant. Buying and selling of “pre-loved” online. The rise of this new
in 2013. E-commerce in own. Consumer to consumer to the pandemic, e-commerce Another sector that this pandemic has or used goods has become phenomenon in the
Bangladesh has been e-commerce deals with buying through Facebook and other social forced into electronic evolution is the something of a trend. While holiday/tourism industry has
non-taxable since 2016 and has and selling of mostly used media has expanded. Due to field of medicine. While it may seem vintage goods had always held a given serious and unexpected
gained momentum ever since. goods between two odd restrictions on going out in public obvious that hospitals and doctors certain appeal for people in the competition to residential hotels
Around 10 billion takas worth of consumers. Mobile commerce gatherings, Facebook sellers as make the most money out of almost West and yard sales are not just and the hospitality industry.
transactions take place each year and Facebook commerce are well as sellers with their own any life endangering tragedy, there is accepted but looked forward to, Bangladeshis have not only listed
from the E-commerce website. relatively new phenomena and websites have been able to rope in more to this, at least this time, than Bangalis had mostly turned up their homes here but also actively
While there are many different have gained more momentum more and more customers, meets the eye. While hospitals are their noses to such products. This seek vacation homes instead of
kinds of e-commerce, the ones than any of the other branches including the online shopping jam-packed and doctors have their mindset is now changing. As hotel rooms fueling this up and
that stand out most in the case of e-commerce in a much sceptics who had thus far refused hands full with Covid patients, for millennials instinctively lean coming trend further.
of Bangladesh are business to shorter period of time. Buyers to give in to the temptation. every doctor out on the frontline saving towards economization, they see
consumer (B2C), business to and sellers on Facebook have Exceptional customer service from lives, there are as many as 10 others no harm in using products that Come What
business (B2B), consumer to increased multifold during the most of these sellers has gained who have stopped doing regular hours have been used a few times but
consumer (C2C), mobile pandemic, but that is not to the trust of all those stuck home at their chambers thanks to the still has enough life in them to May
commerce (M-Commerce) and say that the number was any and looking for necessary wares. pandemic. What also plays a part in last them through their time of Everything in life is fluid and
Facebook commerce less significant even before the Sellers have also seized the their decision to not hold chambers need. This includes everything susceptible to change. Commerce
(F-Commerce). Business to arrival of the new normal. opportunity to deliver to homes physically is the lack of patients. from used books, loved clothes is no different. What was once a
consumer commerce is easy to Mobile commerce is simply an those products that were until Non-covid patients, unless in a state of that no longer, jewelry bought on simple barter has come a long
understand as it follows the evolution of tradition for now not delivered home, like emergency, prefer not going to hospitals way to finally rest at virtual
conventional practice of buying certain business sectors like groceries and medicine. The sector teeming with covid patients. They trade. No doubt, this too is
A buzz word in the world from a business or manufacturer. the banking sector and the confirm sales and have laid out that has possibly gleaned the choose to stay home and call the temporary and will change.
of commerce, Business to business financial sector in general as it detailed supply and delivery most advantage from this doctors over telephone. Doctors have However, what makes the country
E-commerce moves away By e-commerce however, is a deals with mobile payments systems for seamless service. pandemic situation is the delivery managed to find a silver lining to this nearly 10 billion takas each year
from the orthodox Munira slightly different model of and mobile banking. The entire process is run mostly sector. Door to door service has awful situation in the form of is significant enough to be mused
methods of buying and Convenience Fidai by housewives and women who been availed by a staggering telemedicine where patients can take upon and discussed at length.
selling and does the E-commerce want to put their number of people due to appointments with them online by Bangladesh is a developing
same activity online. The entrepreneurial skills to use. restrictions placed on getting out paying them through mobile payment country. While we hoped to be a
World Wide Web is vast BC (Before E-commerce has given them a of homes and suddenly, the options like Bkash. While patients still middle income nation by 2021,
and thus offers a bigger Corona) platform through which they delivery service became an need to visit the hospital facilities for the pandemic has forced us to
marketplace for buyers can attract and connect with essential service rather than a running tests, most of the diagnosis retrace our steps, pause, and
and sellers to come Online businesses had been on like-minded customers. simple matter of convenience, and can take place over video calls. While re-evaluate our economy and its
together and do business the rise in Bangladesh before Imitating the layout of Amazon delivery men became unsung not ideal, the pandemic has given loopholes. However, Bangladesh
thanks to local, the pandemic, with women and Barnes and Noble, heroes without capes. Delivery doctors and patients with trivial is resilient and ambitious, traits
traditional marketplaces. entrepreneurs behind the Rokomari.com has come forth apps that thus far sold only food problems or routine issues a means to that we can see in our topic of
It draws on financial steady climb of the to sell Bangla and English now expanded to deliver parcels continue the doctor-patient relationship e-commerce. What was once a
technologies such as phenomenon. According to the books. Following in the and medicine too, becoming a one and service even while maintaining foreign concept has not only been
electronic funds transfers e-commerce association, there footsteps of Amazon, is the ‘site’ fits all platforms. distance and ensuring each other's a whim and no longer wanted, to understood by the entrepreneurs
and management are about 8000 or more Bangladeshi Jadroo.com, selling The pandemic has also helped safety. baby food processors, walkers of this country but embraced and
strategies such as supply e-commerce pages on Facebook a variety of homeware and mobile commerce to gain and other expensive things that juiced out to the maximum.
chain management and only. From baby care goods to other goods. Other platforms momentum. Bangladesh has had International and are essential but grown out of as Thousands of apps get written
inventory management dresses to accessories to like Daraz.com have also done mobile payment apps like Bkash fast. and launched each day and
systems. It relies on an electronics, women have well in Bangladesh, despite not and Rocket for a while now. The National B2C and Another great example of C2C mostly all of them serve to make
intricately woven door to Rise stepped up to supplement their being local sites. Aarong, pandemic has given rise to the C2C E-commerce e-commerce is the concept of the lives of their users easier or
door delivery system earnings and capitalize on the Ecstasy and Cats Eye are a few new normal of cashless Airbnb. Home owners post their more interesting. While reigning
which serves as a comfort and convenience of local clothes brands that have transactions, making apps like Certain apps like Ali.express and homes online and invite ideas like Uber and Amazon are
backbone to this the buyers to shop from home. laid the foundation for online Bkash and Rocket more and more Amazon allow customers in Bangladesh vacationers to live in them. These still foreign, apps like Pathao
relatively new9, yet Surely and steadily, these clothing stores and others have successful. Previously cash heavy to order and receive goods from other homes may be uninhabited by have emerged from the
exponentially growing entrepreneurs have taken confidently followed suit. transactions like paying cab fares countries by paying a small shipment the owners or shared by owners, masterminds of this very country
field. advantage of platforms such and paying for food delivery are surcharge. Thanks to the pandemic, at a time when holiday makers and are making us proud all over
as Facebook to go live, show Thanks to the wide variety of also seen to be using these apps and the closing down of theatres decide to pay and live in them. the world now. Therefore it would
off their wares, receive goods, exceptional customer to avoid hand to hand transfer. indefinitely, online platforms like iFlix Usually more personal and not be overly ambitious to
feedback, and answer queries. service and unwavering quality Online banking has gained even have cropped up to satiate the homelier than hotel rooms, assume that come what may,
They have drawn on the of goods, more and more more popularity as these times entertainment needs of the audience. vacationers now have whole e-commerce in Bangladesh is here
wonders of mobile commerce customers have chosen to order call for distancing rather than Following in the footsteps of global apartments and houses at their to evolve and stay around for a
to receive advance payment to in, rather than step out of their stalwart Netflix, the Bangali iFlix has disposal. Homes are advertised significant amount of time.
homes. queueing up for financial
