Electronic commerce flourish in Iraq despite the failure of the banking sector

by **Ponee** Thu Jan 05, 2017 7:06 pm

Electronic commerce flourish in Iraq despite the failure of the banking sector

Baghdad/peace Zidane

Trade across websites tangibly in Iraq in recent years. Besides creating niche sites to sell goods, many shopkeepers began promoting their goods via social networking sites.

Experts in marketing and trade online that this sector awaits him "bright future".

Iraqi companies are facing, which displays their goods via the Internet, many challenges, most notably a lack of credit card users among Iraqis, given the weakness of the banking sector.

These challenges have caused many people to fraud via "shell companies".

Some companies also suffer from problems with customers who refuse to surrender their goods.

Shahan says Omar Mustafa, Managing Director of the company (the shavasat), in a statement to "range" to "electronic commerce in a recent Iraq and we have created websites for display and sale of goods: the Iraq market, Iraq's daughters, weshavast shop selling cosmetics and women's necessities," adding that

"the demands of customers to buy goods reached 55 thousand request to our sales over the past two years reached 1.5 million dollars."

Mustafa added that "international companies showing their goods via our website and have a company to deliver goods to all parts of Iraq, the more the price of the product less delivery rate," he said, adding that the company currently has 900 employees throughout the country who electronic goods manufacturers across social networking sites including Facebook walanstgharam".

The owner confirmed that "some customers ask for goods via the website and when connected to the exact location they refuse to answer our calls these losses," alluding to the goods displayed in our quality and we import from global companies delivering suitable especially there are some cuts to customers.

Mustapha drew "payment via financial companies known by Visa card, MasterCard and PayPal and other payment plus after connecting the product to customers who do not use electronic payment.

Random controls on electronic commerce in the country, and that anyone can view the goods through social networking sites and other Web sites without an organized party.

Meanwhile, Mohammed Karim, owner of the Web page to sell household and electrical items on Facebook "Facebook," "became a commercial location for me, as a result of the display of goods in our store and purchase orders is increasing every day."

Adding cream to a wide client options in e-commerce because he briefed on all goods offered on our page on Facebook and buy the appropriate product according to his ability, financial electronic commerce avoid problems occurring in the country and especially the bombings that hit the markets.

And oversees the firm (Forum of Iraq) to service (Zen Kash) launched by Zain Telecom Iraq in cooperation with the Central Bank using electronic payment mechanism to purchase goods offered on websites in addition to purchase mobile apps.

In the meantime he said weighs Tamimi, General Manager of Iraq's wallet, "the volume of e-commerce in the Arab Gulf States are expected to reach 40 billion dollars at the beginning of the year 2020, given the number of souls of Iraq and have significant consumer segment, this promises bright future for e-commerce in Iraq."

Tamimi said that "the first electronic payment means in Iraq (Zain cash) will expand the areas of electronic commerce and will have an effect similar to the effect (PayPal) on electronic commerce in the United States or credit card effect on the global economy."

Director General (portfolio Iraq) "electronic payment will enable users to deposit money in their mobile phone, and transfer money to and from all the provinces of Iraq, in addition to withdraw and deposit money from thousands of approved centers, electronic goods and buy products online.

But Economist Abdul Rahman Al-Mashhadani confirmed that Iraq lacks integrated eCommerce because of their weak banking system.

Al-Mashhadani said in a statement to "range", that "Iraq lacks integrated eCommerce because of their weak banking system and what is happening now is displayed on websites and social networking sites while cash payment be manually rather than electronically.

"Mashhadani confirmed scams and fraud in electronic commerce in Iraq rarely occurs because the client won't pay money only after they see the item", noting that

"delivery service is very cheap, especially in the capital Baghdad.

The Economist said that "regulating e-commerce needs time after activation of the banking system and the use of credit cards as Visa card MasterCard", explaining that

"the establishment of a competent e-commerce sites is a good step for the Internet users in the country is increasing every day."

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