KAZAKHSTAN'S E-COMMERCE MARKET TO EXPAND 200% IN 2012 - EXPERT
Almaty. May 15. Interfax-Kazakhstan - The e-commerce market of Kazakhstan will become three times larger compared with the previous year, said Anvar Bakiyev, the financial director of Chocolife.me.
"We expect the e-commerce market to grow about 200% in 2012 and about 500% in the next five-six years,” he told a Tuesday press conference in Almaty.
According to him, last year the e-commerce market expanded 22.26% to $133 million. Bakiyev believes that the expansion can go as far as $782.4 million.
Bakiyev also says that 78.36% of buyers pay for purchased goods using their payment cards, 18.31% in cash and 3.33% pay for the services with the help of payment terminals.
The largest online stores are as follows: Disti ($5.7 million worth of revenue), Sulpak ($3.7 million), Alser ($3.6 million), according to a Chocolife.me press release.