Breaking barrier to digital commerce

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Scitech Report

15 March, 2021 12:00 AM printer

Breaking barrier to digital commerce

The dedicated logistic support for ecommerce distribution has encouraged many women to tackle infrastructure obstacles to launch new businesses on the digital platform in the face of the pandemic.

Women have demonstrated their ability to manage digital commerce ventures as ecommerce has emerged as a new opportunity in the wake of the corona virus pandemic.

Bangladesh has over 2,000 ecommerce sites and 100,000 Facebook-based outlets that deliver nearly 60,000 items a day. According to unofficial data, women entrepreneurs own about half of the Facebook stores, which handle hundreds of millions of takas.

Women use social media to run a variety of businesses, including handicrafts, clothes, food, blogging, fashion apparel, home furnishings, jewelry, and so on.

While these figures can astound you, there is another side to the tale. All of these women contribute to the economic growth of their families and nations, but their path has not been easy.

Lack of confidence, the lack of a reliable and secure payment system, and the lack of logistics in all parts of Bangladesh are some of the most basic issues that make their lives difficult on a daily basis. Aside from that, women who are just starting out in business have very little financial support.

When it comes to shipping goods outside of Dhaka, these small businesses face challenges because local courier services' outside-Dhaka delivery service is still inadequate.

However, for the past five years, Paperfly, Bangladesh's largest tech-focused logistic network, has been supporting the supply chain of the ecommerce industry in Bangladesh, including women entrepreneurs.

Many of the Facebook stores are unregistered and do not have a business license, while others do not keep proper financial records. As a result, banks are also reluctant to lend to them because of the high risk of default. The loans that are available to them have high interest rates. By marking these entrepreneurs with the bank, Paperfly is assisting them in obtaining loans.

In short, Paperfly is working hard to help all of these online sellers' companies, and our future support will be even better with more creative and never-before-seen services.

There are a few success stories of digital entrepreneurs affiliated with the Paper Fly network that have been listed.

To get out of depression, a university student started Kadambari as an online shop in 2017 from a Facebook group by producing crafting items.

“When I realized I was creating a reasonably good product in a reasonable quantity, I decided to pursue it as a hobby. Then I formed a group and started importing my goods as well as imported jewelry that is very affordable for students, so my school and college friends took my product in their hands, and I didn't have to look back for their cooperation,” the entrepreneur said.

We were looking for a unique product from the start, so we started looking for Afghan antiques, beginning with items made by our local artisans, she explained.

“Because I don't live in Dhaka, I'm constantly dealing with issues such as getting the product ready and sending it to Dhaka, supervising my colleagues there, and interacting with the artisans,” says the artisan.

Sharing his experience with Paper Fly, the entrepreneur went on to state that the logistic service provider delivers beautiful goods with great care, and that no packages have been lost or damaged so far.

“Given how important parcel delivery is in industry, Paperfly has at least assured me of this one. With just Rs 6,000 in capital and one employee at the outset, the company has expanded over time, and now I have five more collaborators. We also distribute Kadambari's goods around the country and internationally; our activities in Kolkata officially began in December of last year, and they were made possible entirely via online activities. I appreciate Paperfly reassuring me about parcel delivery, and I hope to use them again in the future,” she added.

Another young entrepreneur, Afsara Hossain, cofounded Beauty Refined with another cofounder, Sanjida Afser, almost six years ago during my adolescence. She is now in her second year of university studying business administration.

“I've always been interested in science, and she's always been a strategic business thinker. We built a page on the internet and called it Beauty Refined on a whim one afternoon. We started importing cosmetics from various countries. We contacted a random distribution service, where we suffered a loss of 3,000 taka. It was a huge disappointment for both of us at the time. Shovon bhaiya told us about Paperfly after that (brother). She then began working with PaperFly,” she explained.

The most important benefit Paperfly has provided us is that they provide cash on delivery in Bangladesh. Since the beginning of our collaboration with Paperfly, it has been a wonderful experience.