Business

E-commerce on rise in Pakistan, says SBP

ISLAMABAD: Business to consumer E-Commerce (e-B2C) is on the rise in Pakistan as 571 local e-commerce merchants were already accepting payments through banking channels as of end-June 2017, with cumulative annual domestic sales worth Rs 9.8 billion.

In addition to that, transactions worth Rs 20.7 billion were carried out by consumers on international e-commerce websites, stated State Bank of Pakistan in its quarterly report quoting latest e-commerce data.

According to the report, growing incomes, coupled with advancement in communication technology and expansion of internet access and branch-less banking, have been propelling the sector forward.

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