Online retail helps level the playing field between small businessmen and big companies, Lazada Philippines CEO Inanc Balci said. In a recent interview with Inanc Balic, CEO of Lazada Philippines, he discussed on how eCommerce has grown in the Philippines since the enter of Lazada.
Some of the key challenges facing eCommerce for the Philippines
- Infrstructure
- Logisic
- Payment landscape
Statistics from Lazada Philippines
- 10,000 SME’s
- 80% COD
- 60% transactions on mobile
- One of the first for nationwide COD
“One of the things that hampers eCommerce in the Philippines is the lack of competition…. As Lazada we always want more competition as it is in the early days of the business” – Inac Balci, CEO of Lazada Philippines
When Lazada starated in the Philippines eCommerce penetration was just 0.1%, after 5 years it’s now more than 1% in terms of total retail sales. When you look ecommerce in other countries you see 3%, 5% or higher. Some of the highest ecommerce penetration like Korea and Taiwan, you get upto 15% penetration, so there is great room to grow in the Philippines.
