• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Tech Block

tech tips from tim the techie

  • Home
  • About
  • Blog
  • Business Tech
  • Finance Tech
  • Gaming
  • Home Tech
  • Phone
  • Travel Tech
  • Web
  • Contact Tim

Is There a Future for Online Shopping in Pakistan?

March 21, 2022

 

The country of Pakistan is one of the least developed in the world. In the past few years, online shopping in Pakistan has increased at an enviable speed. A number of factors have directly contributed to these phenomenal growth rates. The following are some of the contributing factors to greater e-commerce activity in Pakistan.

The Internet and its users:

Online shopping in pakistan has seen an increase in internet usage during the last decade. Anyone with doubts should look at how many internet users have grown in the last 12 years. In 2000, there were only 133,900 people using the internet. By 2010, there were 18,500,000. There have been exponential increases in the number of internet users, growing from 0.1% in year 2000 to 10.4% in year 2010. With an increase in internet penetration of 100 times, this is no small accomplishment.

Statistics:

A demographic factor has always played an important role in e-commerce activity. Online shopping in Pakistan is growing due to the youth. In 2011, the United Nations estimated Pakistan’s population to be 35.4% children aged between 0 – 14. Also, Pakistan had a 60.3% population aged between 15 and 64 in 2011. In Pakistan, more than 60% of the population is under the age of 25. Technology tends to be adopted by younger people faster than by older people.

Learning newer technology is easy for them since there is no steep learning curve. In Pakistan, online shopping is poised to prosper due to the increasing number of young people.

New business models:

Internet usage has evolved over the years as we all know. Being engulfed in terrorism since the year 2000, the year when the internet started growing in Pakistan, the country has not been able to successfully establish any online payment mechanisms.

The success of e-commerce websites in Pakistan has also been instrumental in the development of new payment models for internet transactions that have helped pave the way for making payments online. The best-known business model in Pakistan is called payment on delivery.

This new business model is successfully converting customers purchasing technology gadgets, such as ranch simulator health supplement products, and other items of need. The majority of websites have gained the trust of their customers by delivering products and getting the payment upon delivery.

Banking via mobile phone:

Mobile banking has expanded due to the efforts of several telecommunications companies. There have already been successful mobile banking products introduced in Pakistan like Easy Paisa, UBL Omni, and Time Pey. While they don’t replace more complex and customizable international payment solutions like Visa, Mastercard, or PayPal, they have managed to penetrate the market, offering customers highly competitive pricing.

Banking online:

Also on the rise is online banking. Online transfer of payments is already possible with banks such as HSBC and Standard Chartered. In order to minimize the likelihood of fraud or embezzlement, online banking transactions are provided with secure accessibility. Many technologies have been successful or failed due to their economic costs. Transaction costs will also contribute to the growth of online shopping in Pakistan. Transaction costs will decrease significantly if several companies offer their customers online payment options. Similarly, the quality of service would also improve if there were so many competitors in the market.

In addition, we still remember those days when transferring funds meant at least two to three hours of spare time working on deposits, account numbers, and other documentation. Modern online payments have eliminated all these problems when you can send money to anyone in the country with only the presentation of your national identification card.

 

Tweet
Pin
Share
0 Shares

Categories: Blog

sidebar

Blog Sidebar

About Us

I’m Tim from The Tech Block. Tim Techy! haha. I’m all about gadgets, gaming and technology. I don’t just sit in my house all day playing around on gadgets, but they are very integrated into my everyday lifestyle. When I work out I use technology to track it, when I turn the heat on in my home, I use my computer to do it and when I travel, I take my fun techie stuff with me!

Popular Posts

Facebook

Tim's Tech Block

News Latter

Connect

  • Facebook
  • Instagram
  • Twitter

Recent Posts

  • Why Lear Capital Says Continued High Demand for New Cars Is Influencing Precious Metals’ Pricing and Availability
  • Is the S19 XP Hydro more efficient?
  • How to Create a Morning Routine
  • Government Translation Solutions: Revolutionizing Multilingual Intelligence Operations
  • How Solar Panels Can Provide Reliable Energy for Your Home

Recent Comments

    Archives

    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018

    Categories

    • Blog
    • Business Tech
    • Finance Tech
    • Gaming
    • Home Tech
    • Phone
    • Travel Tech
    • Web

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Footer

    About Us

    I’m Tim from The Tech Block. Tim Techy! haha. I’m all about gadgets, gaming and technology. I don’t just sit in my house all day playing around on gadgets, but they are very integrated into my everyday lifestyle. When I work out I use technology to track it, when I turn the heat on in my home, I use my computer to do it and when I travel, I take my fun techie stuff with me! Read More…

    Popular Posts

    Featured Post

    Why Lear Capital Says Continued High Demand for New Cars Is Influencing Precious Metals’ Pricing and Availability

    Is the S19 XP Hydro more efficient?

    How to Create a Morning Routine

    Government Translation Solutions: Revolutionizing Multilingual Intelligence Operations

    How Solar Panels Can Provide Reliable Energy for Your Home

    Facebook

    Tim's Tech Block

    Copyright ©2018 The Tech Block | All Rights Reserved