At its core, e-commerce refers to the purchase and sale of goods and/or services via electronic channels such as the Internet.
The medium grew with the increased availability of Internet access and the advent of popular online sellers in the 1990s and early 2000s. Amazon began operating as a book-shipping business in Jeff Bezos' garage in 1995. EBay, which enables consumers to sell to each other online, introduced online auctions in 1995 and exploded with the 1997 Beanie Babies frenzy.
E-commerce in Egypt
As per Mastercard Survey, Internet Shopping in egypt witnesses a steady growth. Online shopping is becoming increasingly popular in Egypt, according to the 2014 Online Shopping Behaviour Study conducted by MasterCard. 44 per cent of those surveyed indicated they access the internet for online shopping of which more than 80 per cent said they were highly satisfied with their online shopping experience.
According to the study, more than half of the respondents made at least one online purchase last year, a noteworthy increase from 40 per cent in 2011. Nearly half of the respondents identified Souq, the largest e-commerce site in the Arab world as one of the most commonly visited e commerce websites in egypt. At nearly 15 per cent, Jumia, Amazon and Facebook have emerged as the next three most popular websites for online shopping in Egypt.
Egyptian consumers were clear about what factors sway their online purchasing decision, citing the reputation of website, security of payment facility and speed of transaction as the most important considerations when making an online purchase.
As a result, online shopping website development is increasing in Egypt along with the more positive response from egyptian clients. Ecommerce site development is a very specialized website development section in Egypt which will acquire a very skilled team in such developments.
Road9 Media has been doing online shopping website development since 2011 in addition to online payment in Egypt. An ecommerce development company known by its reliability and delivering with best quality to clients to make money directly from their business website.
To read more about E-commerce, check our blog posts about Ecommerce in egypt and worldwide.