Online Shopping Industry in Egypt: Expected to Boost with Cash-on-Delivery and Credit Cards as Method of Payment
Either way, with a number of online shopping websites sprouting on the internet, people are highly advised to check first the vendors or ask for recommendations from friends and colleagues before making transactions to avoid online scams and frauds.
Dubai, UAE -- (SBWire) -- 02/09/2015 --Though there's an increase in the internet penetration in Egypt by 400% from 2004 to 2014, as reported by Egypt's Business Directory, the e-commerce industry remains slow in growth with 3,000 people transacting online on various shopping websites. And despite this big number, 80% of online consumers still rely on cash-on-delivery services as a trading method.
The price Egypt online shopping websites offer as compared to offline markets gives great deals and discounts that attracts numerous to try shopping online for its convenience and affordability. Electronic gadgets, appliances, airline tickets and fashion accessories are the most buyable items on Egypt's online trading. And 75% of internet users and online shoppers are in their 30s and younger. Yet, the sole reason for the gradual growth of e-commerce in this country is the low number of credit card holders, which are used as a mode of payment.
The reason why some still reluctant on using a credit card is that Egyptian shoppers want to make sure that they get what they pay for through cash-on-delivery and that they are afraid of credit card frauds. It was noted that in 2014 an increased by 36% on credit card holders was recorded, while the 16% increase for cash-on-delivery. However, 7% of the populations have their own bank account while 7.6 million Egyptians are credit or debit card holders.
On the other hand, the report published strongly believes that the e-commerce industry in the Middle-east countries are expected to boom in the coming years as people discover the efficiency of online shopping. Its steady growth will be based on well-developed internet infrastructure and online payment options that are secured and safe. And online shopping portals like Bkam.com will try various strategies and marketing plans to promote online shopping, improve product purchases and win the costumer's confidence without compromising the quality of the product endorsed.
Like any other online shops in Egypt, Bkam.com has been proven to give internet users the shopping experience of a lifetime. With its wide range of item selections and comprehensive product listings, this allows online shoppers to compare prices. They accept credit cards and cash-on-deliveries, so there's no reason for shoppers to hold back if they finally found the items that are not available in offline retailers.
Either way, with a number of online shopping websites sprouting on the internet, people are highly advised to check first the vendors or ask for recommendations from friends and colleagues before making transactions to avoid online scams and frauds.
About Bkam
Bkam is the leader in Egypt, UAE and Saudi Arabia when it comes to the fastest and most relevant search, comprehensive product listings, trusted brand names and credible vendors; wide-ranging reviews and most sophisticated price comparison technology. Whether you're here to do some online shopping, hunt for a bargain or just compare prices, you're at the right place. Compare all. Big or small. And save your time and effort.
Media Relations Contact
Dimitry Vital
Bkam
20-128-441-8004
https://ae.bkam.com/en?utm_expid=74851416-13.DSeL5NpNS9eenj7EM7Z2uQ.0
View this press release online at: http://rwire.com/580101