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The Pandemic Is E-commerce Time To Shine. But For How Long? The coronavirus pandemic has lasted just over two months across most of the world and already it has destroyed some esteemed giants of the retail world. If we talk about the U.S then, in the United States, several large retailers including luxury retailers like Neiman Marcus have shown the signs of strain and even worse than it is now declared bankrupt. And on the…

KARACHI – Telenor Microfinance Bank, Pakistan’s leading microfinance institution, along with its premier mobile banking platform Easypaisa has been empowering the lives of Pakistani citizens and leading the digital revolution by providing convenient payment solutions to users even during these challenging times. Easypaisa – Pakistan’s first mobile-based branchless banking service – gives complete convenience and empowerment to its customers. Their services include liable over-the-counter transactions, mobile banking as well as domestic and international remittances. Along…

Online retail offers little hope for vendors during COVID-19 in Pakistan KARACHI: Online retail offers little hope for vendors during COVID-19 in Pakistan. Karachi, the largest city of Pakistan, is home to a vast informal economy and was once a land brimming with opportunities for enterprising individuals. Its social fabric comprises a large multi-cultural population, including vendors and retailers from across the country, working in the formal as well as the informal sector, who would…

Daraz launches HamQadam program with Rs4.5 crore subsidy to support businesses. While the total economic impact of the outbreak of Covid-19 in Pakistan is yet to be gauged, it has become evident that the small-and-medium enterprises (SME) sector – which contributes 40% to the country’s GDP and 80% of total non-agricultural employment – has borne the brunt of the downturn in commercial and trade activity. In order to revive the economy and further mitigate the…

Learn About Changing Trends and Outlooks of Retail channels in Pakistan Changing Trends and Outlooks of Retail channels in Pakistan. The retail universe in Pakistan has rapidly gone through an evolution especially after the proliferation of modern retail outlets and development of big shopping malls. E-Commerce, on the other hand, has also emerged as a new retail channel in Pakistan with significantly important players like Daraz and Alibaba competing for market share. The demographics in…

What do we know about Pakistan’s ecommerce industry? Daraz has curated Pakistan’s first ecommerce index to help map trends and shopping patterns using internal data. Pakistan’s ecommerce industry has grown rapidly over the past few years but heavy reliance on cash has ensured gathering data and establishing benchmarks remains a challenge. In order for the industry to blossom, insights on consumer behaviour and shopping patterns are essential. Data regarding extensivity of penetration across the country…

Unlocking the digital potential of Pakistan’s e-commerce industry. In 2015, the GSMA published a report on the evolution of digital societies in Asia, providing a deeper understanding of e-commerce in Southeast Asia. Our findings from that research compelled us to keep a close watch on the e-commerce industry in Pakistan and its sharp growth trajectory. E-commerce in Pakistan is on track to be worth U$ 1 billion by 2020, and retail mobile money payments (over-the-counter…

Timesaco launches e-Commerce retail platform during COVID-19 ISLAMABAD, Apr 16 (APP): Timesaco launches e-Commerce retail platform during COVID-19. Chinese digital company Timesaco has launched the e-commerce platform ‘Dazaran’ for introducing the online retail business to provide the facility to the people in the current challenging situation of COVID-19 pandemic. Recently, Pakistan-based Chinese company Timesaco has decided to launch e-commerce Dazaran App in advance to support all merchants in Pakistan to open online stores through support…

Daraz partnered with Bigmart – leading grocery and department chain in Nepal KATHMANDU: Daraz partnered with Bigmart – leading grocery and department chain in Nepal. Nepal’s leading online marketplace, Daraz, has partnered with leading grocery and department chain Bigmart to begin delivering essential items inside the Kathmandu valley after receiving the government’s permission. With this partnership, Daraz and Bigmart look to ensure that people again have access to daily essential items at their doorstep as…

Digital Payment is one a helpful way to limit COVID-19 in Pakistan Digital Payment is one a helpful way to limit COVID-19 in Pakistan. Several countries around the world including Pakistan have recommended consumers and businesses for using digital payment instead of cash. With each passing day of the Coronavirus outbreak bring uneasiness amongst people in number of ways. Recently the World Health Organization (WHO) suggested that currency notes are very likely to be one…