The progress of e-commerce and technology makes it easy for all of us to shop online. We can buy seafood online, pay bills online and so on. All thanks to the advancement of Internet technology. The internet has eliminated geographical boundaries; someone in America can buy goods in China or someone in Indonesia can import household products in China even without them having to go to China. Online banks such as PayPal or AlertPay have made it easier for people from different countries to transact and meet in cyberspace.
Now that shopping is over, I have a question for you: do you buy gifts on the internet? During the holiday season, I was surprised to learn that the number of internet buyers was around 19% of the population. In addition, they make smaller purchases. This makes e-commerce performance a little stagnant. There are always fluctuations, of course, but in some countries, the growth of e-commerce is not as fast as what happens in other countries. This condition is also influenced by cultural differences where in some countries consumers tend to buy directly. One other reason might be related to consumer distrust of payment security, something that every e-commerce player who is truly serious should pay attention to.[Read more…]