E-COMMERCE IN BANGLADESH1

8/7/2019 E-COMMERCE IN BANGLADESH1

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E-Commerce-Definitiony E-commerce simply refers to buying

and selling goods and services over the

internety E-commerce can facilitate business

activities for the developing as well asthe developed countries

yThe developing countries have goneon to classify e-commerce as a trade in

various services.



Types of E-Commerce

1. B2b

2. B2c

3. C2c



B2B E-Commercey B2B refers to Business to Business E-Commerce

y The conducting of commerce by companies,

government agencies, and institutions with oneanother over the Internet is known as B2b E-commerce

y The parties engaged in transactions are all businessunits



B2C E-Commercey B2c refers to Business to consumer

E-Commerce

y The conducting of commerce by companies, government agencies,and institutions with consumersover the Internet.

yThe parties engaged in transactionsare business units and consumers



C2C E-Commercey C2C refers to consumer to

consumer E-Commerce

y This means that a consumersells something to anotherconsumer

y Traditionally, C2C consumer to

consumer sales occurs whenpeople sell second hand goodsto somebody else



Overview of E-commerce in

Bangladeshy Bangladesh is still yet to embrace the

full model of e-commerce. Although

the recent government drive to DigitizeBangladesh has resulted in someimprovements in banking sectors andtelecommunication sectors, poorinfrastructure, manpower etc. are stillacting as obstacles to e-commerce inBangladesh.



Barriers to E-commerce in

Bangladeshy Skilled manpower

y Broadband infrastructure

y Small number of credit cardusers

y High price of computer andhardware

y Very narrow market



Some sectors applying E-commerce

Banking Sector

y Banks such as the BANGLADESH Bank (BB) haveachieved a historic milestone in the trade andbusiness arena, departing from conventionalbanking with the introduction of e-commerce

y Banks have been allowed to make :

y online money transactions

y mobile bankingy transfer of funds (account to account) online

y payments for trading goods and services

y facilitate online credit card payments in local currency




Online Shopping sector

y Due to greater availability of internet transaction facilities thenumber of online shops, e-shop, e-

store, internet shop etc haveincreased in recent years

y These online stores providefacilities likey Membership and discount facilities

y Delivery service

y Credit card payments throughmerchant bank accounts




Telecommunication Sector

y O ver the last two to three years, the number of mobilesubscribers in Bangladesh has been more than

doubling on an annual basis.y The entry of new operators into the market has

certainly helped to further boost E-business in thecountry.

y This report describes how the mobile market isgrowing and the impact this is having on thedeveloping nation, as well as providing an outline of the main players.



Mobile Phone Operators

There are six mobile phone operatorsy GrammenPhone Ltd.(GP)

y Axiata Bangladesh Ltd.(Robi)

ySheba Telecom Ltd.(Banglalink)

y PBTL(Citycell)

y Teletalk Bangladesh Ltd.(Teletalk)

y Warid Telecom Int.(Warid Telecom Bangladesh)



Internet Service Providers(ISP)

y The number of internet users in Bangladesh as of March2009 is over 600,000 compared to 100,000 in 2000.

y By April, 2010 the country's six cell phone operators andInternet Service Providers have so far provided over800,000 internet connections. It is estimated that nearly 10million people in the country are using 800,000 internetconnections on sharing basis. The number of internet users

in the country is increasing yearly by around 15-16 percent.

y This growing trend depicts how E-commerce hasprospered in the ISP sector



Suggestions for Futurey If Bangladesh wants to do e-commerce competing with the

developed world, it should ensure some vital supports. Using allthe features of e-commerce will create huge traffic on theInternet that would require high technical support. Hugeinvestment is necessary in the ICT sectors to spread the facility around the country on an equity basis. All these should becontrolled through ensuring a legal and regulating environment.

y Internationally accepted credit cards are not available due to thelack of facilities. It creates inability to do business with theforeign businesses easily. Along with this exists illegal mode of payments based on basic transfer system. So, banks and financialorganizations should quickly adjust their payment systems tomake themselves compatible with credit cards



Reasons for implementing E-

commerce in Bangladeshy Convenient for people not getting

product in locality

y Boost the gross domestic product

(GDP) growth and thus helpBangladesh achieve the MillenniumDevelopment Goals (MDG)

y Open new employmentopportunities in the country

y The member of IT users inBangladesh is increasing rapidly



http://bangladeshbusinesslisting.com/

http://computermella.com/(Online but still indevelopment stage)

http://www.carhutbd.com/

http://www.rehabhousingonline.com/ (Real Estate Site)

http://www.mobilemella.com/



Conclusiony The main attractiveness of E-commerce lies in its

prospect of reducing cost, and its relative openness,

since anyone with an internet can do it. Thus if thefacilities become omnipresent in this country E-commerce has the potential to usher large productivity gains for Bangladesh.

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E-COMMERCE IN BANGLADESH1