Is the Philippines Ready For Ecommerce?

Philippines Ecommerce is growing as an industry now, along with the services of a good Philippines ecommerce developer, yet, are we ready for it?

Filipinos love malling, which for decades has been a significant part of the daily lifestyle, where the young ones gather, families bond, and everybody hangs out to escape the growing heat. It’s no wonder, then, that the nation has three of the world’s biggest malls, such as the SM malls.

Recently, the love for shopping has spilled over in a colossal way to the online world, as increasingly Filipinos are opening to embrace ecommerce. Now using the internet for online studies and social media, Filipinos are now spending lesser time at the shops and more time at online shops in the Philippines.

However, the question remains, is the Philippines ready for e-commerce?

Let us look at factors like logistics, readiness of customers, payment techniques among others and learn more about what we should consider as the principal challenges for e-commerce within the country and where its future within the Philippines will be headed.

Some Hurdles

Some experts say it’s only a matter time before the Philippines catches up with other countries in terms of e-commerce. This is because the country is already a leader in social networking. It’s only a matter of time for men and women to undertake to e-commerce and make their lives easier.

Even Rocket web-backed Lazada is one of the most positive online retail sites in the Philippines and in Southeast Asia. However, even Lazada points out that the country has to beat some hurdles before e-commerce can truly take off.

For one, credit card penetration remains to be low within the Philippines. This is why nationwide cash on delivery is still popular within the nation where consumers can pay in money when they obtain their goods. This helps develop trust in online selling considering that no credit card data is needed and the consumers can pay when they receive the items.

The Future

Still, many e-commerce advocates in the Philippines think that many of the main factors in the development of the ecommerce industry are already here, such as the Cybercrime law that can protect the e-commerce industry within the nation. However, they also claim that there are still a few matters that should be improved such as better internet and simplified tax systems for online sellers. Banks should also make it mandatory to have interbank funds transfer services so that buyers and sellers can easily do business without relying on manual bank deposit services or credit cards.

Another issue is the anxiety of some consumers who are afraid of identity theft, fraud and other things, making them do more things offline than online. Business owners that rely on foot traffic and physical store sales have that fear of venturing into ecommerce because they think that this will take away their ability to sell offline. Changing these mindsets is important among consumers and business owners.

Some marketing experts think that ecommerce can move ahead if large malls and retail shops launch their online sites so that it will be easy for folks to acquire and return goods. The government must also make certain that the guidelines of regulation and that punishment on e-commerce fraud and violations are strictly applied.

The Philippines has a developing population that is getting entry to more disposable earnings and they have access to the internet. They’re aware of what’s happening overseas and plenty are slowly wishing the identical products and offerings could be enjoyed within the nation. However, two key areas that have to be considered are payment gateways and logistics.

The ecommerce industry can grow in the Philippines, however some hurdles will need to be overcome. Lets pave the way towards ecommerce Philippines now!