TECH

Daraz launches e-commerce Index

The index maps the e-commerce potential of second-tier cities which include Sialkot, Gujranwala, Hyderabad and Multan

Daraz launches e-commerce Index

 

The index maps the e-commerce potential of second-tier cities which include Sialkot, Gujranwala, Hyderabad and Multan, contemplating consumer demands for different kinds of products and brands. One of its key findings is that there has been a massive shift towards digital payment methods in the last year. Digital payments on Daraz added 32pc of total consumer spend.

According to the index, changes were observed in consumer demand during the 2nd and 3rd weeks of March 2020, following the outbreak of coronavirus in Pakistan. The sale of fast-moving consumer goods (FMCG) on Daraz, increased two-folds during this time period and it is anticipated that they will rise to 70% of the platform’s total sales in the few weeks.

Mr Siddiqui told that “The prevailing situation has shown the need for e-commerce mainly in urban areas. The role and positive approach that technology companies have adopted should be acknowledged. Their contribution has remained valuable.”

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