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The main reasons for this shift include

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The main reasons for this shift include

According to PayPal, a global leader in digital payments, social commerce (S-commerce) is driving the adoption of digital payments as users demand more seamless and efficient payment experiences.With digital payments being increasingly integrated into social networking sites, allowing buyers and sellers to transact seamlessly, we could see a further lowering of barriers against the adoption of new payment methods, PayPal said..Mumbai: From just networking platforms, social media channels are fast emerging as digital market places where merchants and consumers buy and sell goods and services.About 52 per cent of the total consumer demand on social commerce comprises of cosmetics and beauty products followed by Groceries, food, drinks and alcohol (44 per cent), health products (43 per cent), fashion and apparels (40 per cent) and Travel and Transportation (37 per cent).

The main reasons for this shift include the convenience of online purchase and the ease of payments. Merchants are seeing social media as viable business platforms and are open to exploring social networking sites to grow business and tap consumers," said Narsi Subramanian, director – growth, PayPal India. Facebook, WhatsApp and Facebook Messenger use is the highest among merchants in India than anywhere across Asia (excluding China).  According to the survey, merchants showed significant confidence in social commerce with over 79 per cent selling through various social platforms.The report highlights that in addition to low overheads and an existing pool of customers, 96 per cent of current social sellers feel that the concept has helped them reach bigger markets and has substantially improved their Textile financial condition.The survey indicates that social commerce is becoming a mainstream retail channel."With digitisation, India is rapidly transitioning towards a digital, mobile-first economy. The very nature of social commerce inherently encourages greater digital payment adoption.Among all the markets surveyed, India emerged at the top, in terms of usage of YouTube (64 per cent), Twitter (61 per cent), Google+ (50 per cent) and Skype (53 per cent) for the sale of goods and services
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