Extreme Commerce and Daraz ink MoU to boost eCommerce

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Karachi (Web Desk): Extreme Commerce and Daraz signed a memorandum to improve eCommerce and digital trade literacy in the country.

Although, the State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) are working to introduce a platform that will facilitate Pakistani traders to exports their products seamlessly on global platforms such as Amazon, Alibaba, and eBay, the local traders are looking for an opportunity to explore the global markets enthusiastically.

As per the latest eCommerce numbers, released by the State Bank of Pakistan (SBP) upto Q3 2020 (Q1 FY21), the eCommerce market size for the year upto Q3 2020 was 96B PKR (assuming a 60% COD volume), prepayment was 39B over the same period. There are now 2,164 merchants who accept prepayment methods which is a large jump from the previous quarter.

There are now 43k orders a day via prepayment method (in Q3 2020) on Pakistani merchants, which is up from 24k and 13k in the same quarter in 2019 and 2018.

The partnership between Extreme Commerce and Darza, will be imparting knowledge skills on how to sell on the Daraz platform more efficiently with maximum customer satisfaction and potential to grow.

Founder and Chief Executive officer of Extreme Commerce Sunny Ali shared his views on the partnership saying our first step is to start building capacity of the sellers on Daraz through our trainings and our state-of-the-art Video Boot Camp (VBC).