Web3Bay: A Decentralized E-Commerce Platform Web3Bay is a decentralized e-commerce platform that leverages blockchain technology to provide users with control over their data and transactions. The platform addresses pain points in traditional e-commerce like high fees, data privacy concerns, and limited user control. Web3Bay is predicted to become a major player in the decentralized e-commerce […]
Top E-Commerce trends in 2024
Global e-commerce sales are projected to see significant growth in the next few years, with sales projected to reach $8.1 trillion in 2026 and account for 20.6% of all retail sales globally by 2027. With this anticipated growth, retailers are looking for ways to keep pace with the competition by adopting new technologies and strategies […]
E-Commerce in Central Asia benefits from Public-Private Partnership
The e-commerce in Central Asia is growing fast. The stakeholders in the public and private sector are learning from the experience and ironing out the snags. Tajikistan notes the need for better Internet service for efficient e-commerce The Tajik government has adopted the E-Commerce Program for 2025-2029, which aims to expand e-commerce, reduce trade costs, […]
E-Commerce in Central Asia – Some latest developments
The e-commerce sector in Central Asia is almost self-propelled now. The stakeholders continue to add facilities and features to make it profitable and beneficial across the board. The Fund for Digital Initiatives of the Eurasian Development Bank (EDB) and the United Nations International Telecommunication Union (ITU) held a working meeting earlier this month to discuss […]
Digital Economy – UNCTAD sounds warning
Digital Economy, of which e-commerce is a vital part, is spreading at breakneck speed. Every country wants to get there soonest and because of the fast developing technologies that define and drive a digital economy, this would remain an ongoing quest for quite some time. — For now, the digital economy is simultaneously a journey […]
E-Commerce Development Programme of Tajikistan – 2025-2029
Tajikistan maintains sharp focus on the development of its e-commerce sector. This is a sound strategy. In an event anchored by the ministry of economic development and trade, the e-commerce programme in Tajikistan for the period 2025-2029 was presented on 27 August in Dushanbe. The programme was adopted by the government on 16 May 2024. […]
Kyrgyzstan creating environment to nurture E-Commerce
Kyrgyzstan, a country striving to break out of its economic limitations, is continuously working to support e-commerce. The idea is to create the enabling environment to support all the stakeholders in the e-commerce mix. BC Card Kyrgyzstan, a joint Kyrgyz-Korean joint venture has recently started working in Kyrgyzstan. The partners are the South Korean companies […]
Kazakhstan stays focused on E-Commerce
The QazTech Alliance of Technology Companies recently held a roundtable on the digitalization of small and medium businesses in Kazakhstan, reports TengriNews. The e-commerce in Kazakhstan almost doubles every two years and currently accounts for 12.5% of total purchases. The participants of the roundtable noted the buoying role played by the digitalization of consumer services […]
Postal services of Kyrgyzstan and Türkiye join hands to promote e-commerce
The Kyrgyz Post and Turkish Post have signed an agreement to create new products in the field of e-commerce, logistics and cargo handling, as well as to develop trade exchanges between the two countries. As reported by Akchabar, this is the first step in a strategic partnership between the two companies. The document was signed […]
Rise of E-commerce in Central Asia creates more space for China
E-commerce is rising fast in Central Asia and this has created additional space for China. According to the People’s Daily of China, approximately nine million parcels are exchanged between China and countries around the world daily, making it easier and faster for consumers to “buy globally.” Over the past five years, the scale of China’s […]
Prime Minister of Kyrgyzstan: With the development of e-commerce, the postman is again becoming a ‘hero of our time’
With the development of e-commerce, the process of reviving the postal service is taking place, and the postman is again becoming the hero of our time. This was stated by the Chairman of the Cabinet of Ministers of the Kyrgyz Republic – Head of the Administration of the President of the Kyrgyz Republic Akylbek Japarov […]
The richest woman of Russia made her fortune through E-Commerce
She is a self-made billionaire. She founded her ecommerce company while on maternity leave. Her net worth is about USD 7.4 billion. Tatyana Bakalchuk is the richest woman in Russia and one of the only two female billionaires in Russia. In 2004, Tatyana Bakalchuk spent USD 700 to create a website for Wildberries, an e-commerce […]
Kazakhstan and Turkmenistan Look to the Future: Digital Cooperation Takes Center Stage
Deputy Prime Minister, Minister of Foreign Affairs of Turkmenistan Rashid Meredov met with Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan Zhaslan Madiyev during an official visit to Astana. During the meeting, prospects for strengthening bilateral cooperation and exchanging experience in strategically important areas were discussed. Madiyev stressed that this […]
E-Commerce in Tajikistan readying to bloom
Tajikistan is diligently working to mainstream the ecommerce across the economic and societal space of the country. On December 24, 2022, the country adopted the Law “On Electronic Commerce”. The Law seeks to protect the rights and legitimate interests of citizens and organizations engaged in e-commerce and ensures the free operation of e-commerce in the […]
E-Commerce in Turkmenistan turning the corner
The ecosystem of e-commerce in Turkmenistan is turning the corner. Consumer confidence, the central element for success in the digital marketplace, is rising fast. Statista estimates that the volume of ecommerce in Turkmenistan will reach about USD 370 million this year. The projected annual growth is 8.06%, which will bring the trade volume of ecommerce […]
Uzum of Uzbekistan is authentic unicorn in digital ecosystem of Central Asia
The media has hailed Uzum as Uzbekistan’s first tech ‘unicorn’ – a pre-IPO company with a valuation of over $1billion. Uzum is Uzbekistan’s largest digital platform, providing a wide range of services, including e-commerce, express delivery, banking, fintech, and business development. Its ecosystem serves nearly a third of the nation’s population every month. It has […]
Jana Post of Kazakhstan is a success story in e-commerce in Central Asia
E-Commerce is not a novelty in Central Asia anymore. It has been embraced by the mainstream society. However, the activity at e-commerce platform, though robust, is mostly on the local scale. The expansion is constrained by two factor: 1. The limited geography of first-mile-collection and last-mile-delivery services; and 2. Lack of unified payment gateway solutions. […]
Kazakhstan takes important step in promotion of e-commerce – deliveries will be faster and cheaper
E-commerce is already a fairly popular in Kazakhstan but a bottleneck is that the deliveries from international platforms such as Amazon, Alibaba, Aliexpress, Lazada etc. are slow and expensive. Kazpost, the postal authority of Kazakhstan is taking steps to create arrangements with Omniva and Cainiao, the major players in the package delivery services, to make […]
Central Asia is going to build up e-commerce capacity
The International Trade Centre’s EU-funded Ready4Trade Central Asia project organized a conference on “Harnessing the potential of e-commerce in Central Asia” with a two-day study tour in Dubai on 7-9 March, ITC reported. Central Asia’s e-commerce industry is growing rapidly, driven by increasing internet penetration and mobile phone use, as well as a growing middle […]
“Accelerating Trade Digitalization in Times of the Pandemic”
Armida Salsiah Alisjahbana Tomorrow marks the entry into force of a new international agreement promoting paperless trade, a timely reminder of how the COVID-19 pandemic has brought digital solutions to regional development challenges into the limelight. Paperless trade across borders has proven an effective way to mitigate trade disruptions since the onset of the crisis, […]
EBRD: Online training for women entrepreneurs
The European Bank for Reconstruction and Development, in cooperation with the European Union, announces the online training for women entrepreneurs “Digital Marketing and Sales,” which will take place on September 14-16 and September 21-23, 2020. It is no longer a secret to anyone that business development in the modern world is unthinkable without information technology. […]
Online stores in Ashgabat – variety of opportunities for stay-home shopping
Elvira Kadyrova E-retail trade in Turkmenistan is gaining popularity among the population. And there are many reasons for this trend. After all, the main benefit of online stores is that the buyer saves time and money, which is so important in our life. And in the current reality of increased infection risks, with an online […]