Wednesday, 4 February 2015

Online Shopping In Bangladesh—Path from Dark Past to Shining Future

In world history, communication technologies have advanced the life of human race in many aspects, and its influences are continuing until today. Unfortunately, Bangladesh had started lately in compared to rest of the world. The scenario of Internet usage and online shopping in Bangladesh was grim before a decade. However, recent moves of government and entrepreneurs have shaded rays of hopes in new generations for a bright future. Let’s take a review that what happened and what will be in next days.

Origin of the Bangladesh and its political history has granted it poor and backward status in compared to its ultimate neighbors. Low literacy rate and adverse social profiles have hastened its march to bright future significantly. Lack of essential infrastructure is apparent in Bangladesh since its inception. Information and communication technology sector is suffering heavily since the beginning. However, in May 2006, a ray of hope emerged when Bangladesh was connected with submarine cable for Internet.

Despite such opportunity, social and economical condition of Bangladesh was not in favor of advance Internet usage due to lack of network and related technologies like high quality modem and 3G networks for mobiles. User profiles were restricted up to affluent class of people. People of higher qualifications and profiles were surfing net regularly so chances of proliferation of online shopping in Bangladesh were deemed until the 2010.

Changes Begun
Afterwards, political will-power and attitudes had changed and government, under the pressures of sizable neo-generation entrepreneurs, have taken steps to developed Information and Communication Technology infrastructure, begun strategy debates, and invested heavily in due course. The maturity of citizens and political stability has infused great will power in to the improvements of the conditions of online shopping in Bangladesh.

Role of NRBD
At present, sizable portion of literate people living abroad and spending the big part of their fortunes to literate their relatives and people of next generation. Their dreams are to simulate lifestyle of the western countries at some extent. Thus, e-commerce storefronts are mushrooming rapidly on the horizon of the web of the Bangladesh. No doubt, there are not robust and secure online shopping experiences exist in compared to its western counterparts, but initiation is there.

 Present Scenario of Online Shopping in Bangladesh
The present scenario of e-commerce is favoring online shopping of essential commodities and fashion apparels greatly. Therefore, online dress shopping, online T-shirt shopping, and buying shoes online are trendy activities of e-commerce shoppers. Of course, trust and security level for online shoppers are a bit low so online shopping by home delivery and online shopping by cash on delivery are favorite mode of payments in Bangladesh.

Online Payment in Bangladesh
Surely, credit/debit card payments and net banking options exist in the e-commerce world of Bangladesh, but usage are limited. The same scenario is blinking for the online money transfer service from the foreign countries and vice verso. Fortunately, some entrepreneurs from Bangladesh and its non-resident citizens have initiate some highly trustful and secure payment gateways and online money transfer portals of offer viable and feasible options for the online shopping and money transfer growth.

No doubt, past and present government agencies have supported such movements from entrepreneurs and encouraged them for secure online money exchange activities. It is noteworthy that Bangladesh is not supporting crypto-currency exchanges due to threats from extremists’ activities, but has trust on reliable 3rd party payment gateways providers because they can furnish critical data when demanded in extreme situations to the nodal government agencies, but protect data from the miscreants and hackers.
 

RESOURCE

This article focuses on the situations of the online shopping in Bangladesh and have torched the scenario from past to present. Such insights not only help people used to do online shopping or currency conversions, but also the e-commerce development community.
 

2 comments:

  1. Nice Post.
    Branoo is the best example of this.
    Visit here : http://hatpakha.com/branoo-the-next-flipkart-of-bangladesh-2/

    ReplyDelete
  2. Hello, I hope you are doing well, We have launched a website/application for online retailers who want to sell their products online, they can setup a complete store using our website, as well a market place, No need for buying a domain name or hosting, we also provide ecommerce services, just setup your store for free on facebook fan page.
    Go and setup your Free facebook shop now http://tinyurl.com/creat-your-shop

    ReplyDelete