Asian e-commerce websites popularity spike up by 500%

E-Commerce is heading towards becoming the way of life gradually across the whole world.e-commerce Online shopping has already marked its strong footprints in the developed regions but still a lot of work has to be done in the emerging markets of regions like South Asia, South America and Africa. 2014 remained a year with full of e-commerce activities globally and we have entered in 2015 carrying the similar growth. We have seen that e-commerce has brought a revolution in China and gradually is overshadowing neighboring countries. India has become the worldâ€™s third largest country in e-commerce and thereâ€™s high chance it will outpace United States in 2018. There are lot of websites coming in the scene along with the already established players like Amazon and eBay. If we see the local trend, online shopping websites are offering attractive prices because the competition has increased many fold. The rise of OLX in India and Pakistan is truly a remarkable development in the recent years of e-commerce industry in the region and now the company is standing in the list of top websites which carry the online shopping. Similarly Alibaba, a Chinese based e-commerce site is also getting popular globally. The $3.5 billion e-commerce industry in India is expected to change significantly with a series of government plans underway to revamp the unregulated sector which shows how keen is Indian govt to bring revolution in this industry. The Next Web has analyzed that in 2014, the number of searches through the keywords of world top notch websites has seen a remarkable variation. Big established players who once were the sole entities for e-commerce worldwide such as Amazon, eBay and Walmart are being outpaced by the emerging companies like OLX, FlipKart and Snapdeal and the growth rate of their searches on the web is increasing relentlessly.e-commerce sites With that kind of growth in mind, expect 2015 to be a challenging year for eBay, Amazon and Walmart, as international competition kicks up a gear. Pakistanâ€™s e-commerce dynamics: The sad thing in 2014 among many other things is that we have passed it without proper electronic commerce gateways. While on the other hand, our neighbors India is at the verge to be in the list of top 3 countries where e-commerce is the way of life. Pakistanâ€™s e-commerce industry is reshaping day by day and there is a lot of good work is being done but only on individual and private level with negligible govt support. The main glitch in this regard is the payment procedures that account mostly to execute the modern method. A lot of work has to be done in order to continue the smooth transaction process since international companies are all financial entities and without robust payment procedure, they donâ€™t want to carry their business in Pakistan. After 3G and 4G arrival in Pakistan, it was being estimated that a revolution will occur in e-commerce but sadly another year has been passed and no significant growth can be observed in this regard. Due to the absence of electronic crimes law, people still feel hesitant to carry online shopping with the fear of being robbed online. PayPal is not ready to launch their operations in Pakistan, which is the biggest online payment gateway used in the whole world. The main reason of PayPal for not coming here is the fragile financial systems, which are no way near to international standards. Read Also: Ideal PayPal Alternatives for Pakistan The govt of Pakistan strongly need to put attention on the robust economic gateways incorporated with cyber laws that ensure the smooth financial transactions as it is the high time plus we are about to enter in 2015.