No entry for Pakistan in Ebay, Amazon and Paypal

Discussion in 'Pakistan' started by DFI_COAS, Sep 8, 2015.

  1. DFI_COAS

    DFI_COAS Regular Member

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    KARACHI:
    The trading of goods and services through the internet has changed the entire landscape that has unlocked the reach of business and consumers across the globe.


    The proliferation of mobile devices with the development of applications linking buyers and sellers has further created opportunities for business to link with domestic as well as global customers.

    According to a study conducted by the Organisation of Economic Cooperation and Development (OECD), in 2013 the estimated worth of e-commerce business-to-business transactions exceeded $15 trillion. Similarly, business-to-consumer transactions were estimated at $1.2 trillion and are growing rapidly, led by the Asia-Pacific region.

    Development professionals are unanimous that e-commerce has the potential for creating economic opportunities for developing countries that would lead to sustainable development. There is compelling evidence that participation in e-commerce by business in developing countries provides opportunities for integrating with the global value chain, enhancing efficiency and lowers the transaction cost.

    Pakistan, with a population of around 190 million, has also emerged on the radar of international companies that are exploring avenues to extend their scope by investing in e-commerce ventures. Local entrepreneurs are also coming forward and have developed online marketplaces to cater to the domestic market.

    According to an estimate, the e-commerce market in Pakistan is worth $50 million and is expected to grow rapidly after the introduction of 3G telecom technology. At present, there are 15 million 3G and 4G users in the country.

    In the e-commerce market overseas, the United States has emerged as a leader where companies such as Amazon, Ebay and Paypal have developed platforms that facilitate businesses to reach the global market. These platforms have enabled especially small businesses in developing countries extend their reach in international markets.

    Entry barriers

    However, for businesses from Pakistan, there are barriers to entry. Amazon, Ebay and Paypal do not allow Pakistani merchants to use their services for selling goods.

    Amazon.com, a Seattle-based company established in 1995, is a Fortune 500 company selling not only books but anything conceivable from apparel to industrial goods.

    It has established an online marketplace where more than three million sellers from 89 countries have established online stores selling various items to customers in 185 countries and 480,000 cities. However, Amazon does not allow residents from Pakistan to sell in its marketplace.

    EBay is another global giant in e-commerce business with a market capitalisation of $70 billion. It is also in the list of top 10 global retail brands.

    It provides a digital platform to sellers from listed countries to sell goods through its website.

    EBay has 25 million sellers with 157 million active buyers spread across 190 countries. The entry of Pakistani sellers on EBay is also restricted as EBay uses PayPal services for financial transactions. PayPal does not allow Pakistani residents to open an account to facilitate them in selling goods on EBay.

    PayPal is one of the most important players in the global e-commerce market. It provides financial gateway for e-commerce transactions. PayPal, which was owned by EBay and is available in 190 markets and 24 currencies, does not allow Pakistani residents membership to its financial services.

    Services platform

    Regarding trade in services, the situation for Pakistan is much better compared to trade in goods. Top global platforms and marketplaces for trade in services such as Odesk and FreeLancer.com allow Pakistani residents to sell services through their platform.

    According to latest statistics, Pakistan has emerged as world’s fifth top freelance country where people are bidding for projects such as software development, code writing, computer graphics and content writing for clients around the globe. At Odesk, Pakistani freelancers successfully bid for projects with the total of 35 million hours in 2012.

    It is evident that where Pakistani businesses have a level playing field and access to markets such as global platforms for freelancer services, they have been able to make their mark.


    In the case of trade in goods, though it is encouraging that there is substantial local and foreign interest in e-commerce ventures for the domestic market, there are formidable barriers to entry in reaching the global market.

    [​IMG]
    DESIGN: NABEEL AHMED

    The barriers to entry for Pakistani business in global e-commerce platforms should be a cause of concern for the policy-makers. According to a recent OECD study, excluding countries like Pakistan from these platforms “may accentuate existing imbalances in e-commerce trade”.

    The OECD advises developing countries such as Pakistan, which have immense potential to harness e-commerce but are constrained by the entry barriers, to devise a national e-commerce strategy taking on board all the relevant stakeholders.

    The strategy should not only focus on the entry barriers, but also look into other constraints such as logistics, coverage of broadband internet and facilitation measures for cross-border e-commerce.

    The writer is a civil servant with 20 years of experience in dealing with issues related to trade and development

    Published in The Express Tribune, September 7th, 2015.

    http://tribune.com.pk/story/951820/...entry-for-pakistan-in-ebay-amazon-and-paypal/
     
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  3. Sylex21

    Sylex21 Regular Member

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    Guess Pakistan could try using Alibaba Express. Or try to open negotiations with Ebay/Amazon
     
  4. amoy

    amoy Senior Member Senior Member

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    Alibaba and its financial gateway Alipay (equivalent to Paypal) are already very mature as ecommerce platforms. I think Amazon has Alipay gateway too.

    I personally paid by Alipay on mobile phone in KFC and so on, simetimes with a little discount. Maybe in future it will be (or has been?) usable in public transportation.

    Even Wechat and China Telecom has joined the competition for market share of e-transaction. The Telecom's e-payment APP PayEasy is acceptable in some supermarkets and on public bus (with a discount).

    Pakistan has alternatives in the changing world.



    ~Tapa talks: Orange is the new black.~
     
  5. tarunraju

    tarunraju Moderator Moderator

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    Yeah but using Chinese e-commerce platforms will insulate Pakistan from the rest of the world that uses western platforms. No takers for, say, Pakistani shawls in China. Plenty of takers in India. Plenty of takers for Indian products in Bangladesh, and Bangladesh has access to western B2B platforms (it's how they're getting their clothing/merchandise industry soar high in the western markets).

    This is bad news for Pakistan, no matter how much you split hair.
     
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  6. amoy

    amoy Senior Member Senior Member

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    It's just a matter of time for entry barriers to be broken for Ebay/Paypal, or Amazon, given Pakistan's potential.

    3rd-party financial gateways in China
    [​IMG]

    Nobody expects Pakistan to be restricted to Chinese platforms only. But competition , thanks to increasing players, does triggers service quality improvement.The choice is theirs whether to access the Pakistan market or that's western players' own loss.

    Insulating from the rest of the world? Even those "Chinese" ecommerce platforms are less Chinese nowadays (see below graph). Most of them are listed in NASDAQ / NYSE.

    Saudi Arabian holding of Chinese JD.com shares


    [​IMG]
     
  7. blueblood

    blueblood Senior Member Senior Member

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    If only Pakis had some intelligence and given India the MFN status, Indian companies could have been of great service to Paki citizens and I am not just talking about e-commerce and such but the complete spectrum of goods and services.
     
  8. tarunraju

    tarunraju Moderator Moderator

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    Lol, after Shanghai meltdown those market cap figures of Chinese companies are suspect. Mostly margin-traders who inflated their market caps because Uncle Mao told them to be "patriotic" and buy up shares by going into debt themselves.
     
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  9. amoy

    amoy Senior Member Senior Member

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    LOL patrotic

    The above mentioned e-commerce firms are listed in NYSE. So those daytraders including Arab princes buy up shares out of their own patriotic pockets.

    If there's any irregularity that's subject to Uncle Sam's descipline. Or if there's any inflated share price, that's subject to market corrections as reflected in daily stock fluctuations. Shareholders dump their shares and prick the bubble when deeming overpriced, hence your so-called meltdown. But loss/gain/debts are on their own.

    I have a feel - many Indians are prone to "conspiracy theories" rather than subscribing to "free market" (in a relative sense).

    ~Tapa talks: Orange is the new black.~
     
  10. Rowdy

    Rowdy Co ja kurwa czytam! Senior Member

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    :lol:
    ....................................................................................................
     
  11. blueblood

    blueblood Senior Member Senior Member

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    Had a crush on the girl at 00.23 when this movie was released.:basanti:
     
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  12. W John

    W John New Member

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    John here in Western Australia., Hi I stumbled across this webpage my pure accident, I was looking to buy clothing online, and given that the Pakistani people are the most easterly Caucasians; big on clothing manufacture and of course the same build as Caucasians everywhere (right across Europe and here in Australia New Zealand.) and although the Chinese are brilliant at most things., getting clothing out of China on eBay is a really sick joke, everything is made the 10-year-olds., As in micro :( So I was very surprised to discover that for reasons unknown to me, manufacturers in Pakistan are as yet unable to sell their products internationally using eBay and PayPal., I hope this facility is made available as quickly as possible to allow the complete range of Pakistani manufactures access to the international market., Best wishes to everybody in Pakistan,, cheers - John., :)
     
  13. Mikesingh

    Mikesingh Senior Member Senior Member

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    But they first want Kashmir to be handed over to them on a silver platter considering that they cannot buy it on eBay or Amazon!! :biggrin2:
     
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