In the old days, the biggest challenge of setting up an online store was getting the popular payment options available on the site. Payment gateways were charging relatively high fees and those with low fees tend to have stricter requirements. Today, however, it is easy to get an online store up and running thanks to […]
Taking cue from the previous post (See: Payments in Pakistan), everyone is asking themselves what is missing? Why aren’t we well on the road towards digital and mobile payments? The tl;dr version is simple in many ways… Data (or lack thereof). Data Drives Decisions – you simply cannot argue that fact, and data is something […]
Here is what Pakistan vs India E-Commerce spend looks like on a per capita basis. This is for 2013 data. To summarize, the Pakistan ECommerce model for 2013 was: US$ 40 Million in Sales and a population of 190 Million. The Indian equivalent was US$ 14 Billion in sales and a population of 1.252 Billion. […]
For those who don’t know, I.I. Chundrigar Road is the road on which the Central Bank of Pakistan, i.e. State Bank of Pakistan is located. Last week they released their Rules for Payment System Operators & Payment Service Providers, which essentially killed the Payments & Fintech startup industry of Pakistan. Murder on Chundrigar Road is […]
State Bank of Pakistan recently released the much anticipated Rules for Payment System Operators & Payment Service Providers. The expectations were high. The results. Disappointing.
We’re testing a feature that allows people to buy products from businesses, without leaving Facebook.
I’ve been saying all along, payments will come to Facebook, and it is starting with the ability to buy products now, directly on Pages.
Recently, a relative of mine decided to buy a television. Being a person who values every Rupee she earns, she did a fair bit of research into the make, model and features of the kind of television set she wanted to buy. She eventually settled on a 55” Samsung LED TV, and this is […]
Below is a great report by PayVision (a Global Card Processor) on Profitable Cross-Border E-Commerce Industries. The report can be downloaded from here. (PDF 5MB, 7- pages)