In present times, people find it more comfortable to shop online for various goods and services as compared to that of other modes of shopping. Online retail demands are continuously growing to meet the needs of the customers and these will continue to grow in the similar trend, as per the experts.
Trends in Online Retail Demand
Stephane Paraiso, MD of Azur Digital has recently presented the data of increasing the trend in online retail demand and said that irrespective of the fact that is it safe to shop online or not, people prefer to shop online. He also included in the speech that online payment is nothing new now, once they were started with booking online ticket dates back to some years and now the online shopping has become an integral part of every sales industry. Now people do not fear shopping online just because more and more vendors post their goods online which has lowered the risk of the grey market. He continued adding up and said considering amazon to be a game changer, they have fear of losing their ground as it is not possible for them to compete with the merchant who comes up to their consumers and say they have everything. The cashless transaction facility at online stores is encouraging consumers to shop online more. Recently Mint Middle East (MME) on Sunday signed licensing agreements with Interac Corp, that will help MME to deliver a secure and cost-effective contactless point-of-sale solution in the UAE for domestic debit transactions, as well as offer a broad range of mobile payment solutions. Abdulrazzaq Al Abdullah, chairman, and CEO of Mint Middle East said that they will promote more cashless transactions which will help the UAE government initiative to achieve financial inclusion, and provide the benefits of e-government to citizens. It will also add to its payment solution, a fully unified omnichannel with in-store and e-commerce solution to give consumers a better shopping experience. Interacting with the consumers today Diego Abba, CEO of Italist Inc. said loyalty is their goal from the very beginning and they will continue engaging customers with this.these continuous efforts of online vendors have led to increasing in online retail demand.