E-commerce gross sales globally amounted to $4.28 trillion in 2020. This was primarily attributed to lockdowns, social distancing, and the push to make money working from home, which meant no in-store purchases. Domestically, e-commerce has proliferated over the past couple of years, with a number of gamers getting into the trade, thereby considerably disrupting the retail sector. Right this moment, Huawei held the sixth version of the Unitech Speak themed “The position of e-commerce in buying and selling” The speak introduced collectively consultants from the non-public sector in addition to the federal government the place they highlighted the influence and alternatives e-commerce presents. Kenya has made important strides as regards to digitization and creating an enabling surroundings for companies and commerce to flourish, extra so inside the digital house. Moreover, the nation has one of the crucial vibrant e-commerce ecosystems inside the continent, therefore showcasing important development potential inside the area in comparison with different international locations. Roughly 9% of Kenyans are common e-commerce customers, with the quantity rising with each passing day. Domestically, the evolution of e-commerce may be attributed to the regular development of web penetration, which presently stands at roughly 85.2%, entry to cell cash with the recognition of platforms reminiscent of M-PESA, together with the rising fintech trade. All these have radically shifted the way in which people, small and medium enterprises use and transfer cash, thereby more and more impacting the native e-commerce sector.
Safaricom is enabling and empowering companies with M-PESA, giving flexibility to companies, and permitting them to run independently. Lilian Njuguna, senior supervisor, Safaricom,» Read more from techtrendske.co.ke