India’s new digital payment infrastructure and deeper web penetration triggered a wave of e-commerce, however brick-and-mortar retail is making a comeback. Competitive pricing, ultimate convenience, and quick delivery are fueling the blistering progress of online buying. Yet the signs show that these new breed of businesses are just starting. Hence it pays to know where these online purchasing developments are heading and how the COVID-19 pandemic has affected them. This is a comparatively new platform – social commerce startup that has gained popularity in latest years. The ecommerce startup offers group-buying offers on a variety of merchandise, which allows consumers to economize by buying in bulk.
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And one 12 months doesn’t alter the long-term pattern that online purchasing is grabbing extra of Americans’ wallets. Americans spent 18 p.c extra on meals, vehicles, furnishings, electronics and other retail merchandise final yr compared with 2020, the Commerce Department disclosed on Friday. In different words, e-commerce lost ground last 12 months to brick-and-mortar stores. In the digital market, fraudulent practices have gotten increasingly frequent. Buyers have to be cautious of offers that seem too good to be true and shield their private information. It is necessary to buy from trusted websites, look for encryption and security indicators, use safe payment strategies, and monitor bank statements.
