Bolivia’s first e-commerce platform has hit the market. The National Chamber of Commerce (CNC) and the company Síntesis made the announcement at a press conference, as reported by El Tiempo.
The name of the company is Compañía Nacional de Comercio Electrónico (CNCe). Starting in May, the firm will offer an electronic purchasing and selling service.
CNCe will sell products online with shipping insurance and will reimburse the end customer for the product if it arrives damaged. According to sources quoted by the media, there will be two sites on the platform: compra.bo and vende.bo.
Payment options include credit and debit cards, electronic funds transfers and cash. In addition, there will be more than 1,000 payment locations available for use.
A platform with a promising future
According to research mentioned in connection with last year’s E-commerce Day, of Bolivia’s 11 million inhabitants, 38 percent (4.2 million) have an internet connection, and out of that amount, 20 percent are online consumers.
During the event, it was pointed out that the scarce supply of companies stems from the fact that consumers choose to purchase products or services online from foreign providers.
Nevertheless, the flip side is that the increase in smartphone and broadband penetration serves as an advantage for this business, since these two processes offer both reliability and security.
E-commerce in Latin America amounts to about $140 billion per year, up 30 percent from the year prior.
Samsung also releases an e-commerce platform
Samsung and Next Level introduced their own e-commerce platform this past April. The site allows online purchasing of genuine Samsung merchandise.
The virtual store has detailed images of Samsung products and accessories, and promises a shopping experience from the comfort of your own home that includes convenient billing and home delivery options.
Products offered include smartphones, wearables and cell phone accessories.
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Sponsored by Mahindra Comviva and Billmo, the event will showcase the trends that attract major investment funding. A sizeable community of startups and developers will present their products and services to visionary companies in the market.
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