Awok.com -Blog: The Electronics Story shared By Awok.com: The Electronics Story shared By Awok.com Website:http:// www.awok.com Post By: www.ramizalikhan.com
Wednesday, June 10, 2015
Awok.com -Blog: The Electronics Story shared By Awok.com
Awok.com -Blog: The Electronics Story shared By Awok.com: The Electronics Story shared By Awok.com Website:http:// www.awok.com Post By: www.ramizalikhan.com
Cash on Delivery is still king for majority of online UAE consumers
Dubai: Despite all of the talk about paperless transactions, e-commerce or innovations in the financial markets, cash is still king.
The majority of consumers in the UAE are not comfortable paying their new smartphone, perfume, toilet paper and other everyday essentials with plastic, a new study suggests.
Awok.com, an online shopping store in Dubai that sells all kinds of consumer goods, from cameras, phones to kitchen appliances, has been tracking trends in the retail habits of consumers in the UAE.
The company found that among those who buy stuff online, 85 per cent would rather pay cash on delivery, while only 15 per cent opt to use their credit or debit card.
These online shoppers, majority of whom are presumably keeping a stash of cash in their wallets at all times, are mostly men (76 per cent) and between 25 years and 34 years of age.
They spend an average of Dh500 on every purchase.
While online shopping is increasingly becoming popular, consumers in the UAE are quite not ready to fully embrace the culture of cashless payments due to security concerns.
"There is still a huge disconnect in trust for online shopping versus trust for online payment," Ulugbek Yuldashev, managing director of awok.com, told Gulf News.
"Consumers are still uncomfortable sharing their banking details online due to fear of being defrauded."
As to what they mostly shop for online, statistics showed that the most searched categories are mobile phones, tablets, watches, jewellery and perfumes.
Consumers electronics, preferred by 57 per cent of the customers, top the list of popular items, followed by home and kitchen appliances (14 per cent), apparel and accessories (10 per cent), other categories (10 per cent), health and beauty products (5 per cent) and photography and cameras (4 per cent).
The majority of online customers (52 per cent) use their smartphones to shop, while a significant number (44 per cent) place orders through a desktop and a small number (4 per cent) through a tablet.
Payments experts have long noted the slow uptake of cashless payments not just in the UAE but in many markets around the world.
In 2009, 62.4 per cent of total consumer payments were made in cash, compared to 4.9 per cent for card transactions.
Experts had earlier attributed the trend to the low levels of investment in the payment systems infrastructure and concerns over credit card debt and security.
Source: awok.co/wW2u4D
Website: www.awok.com
Post By: Ramiz Ali Khan
Cash on Delivery is still king for majority of online UAE consumers
Dubai: Despite all of the talk about paperless transactions, e-commerce or innovations in the financial markets, cash is still king.
The majority of consumers in the UAE are not comfortable paying their new smartphone, perfume, toilet paper and other everyday essentials with plastic, a new study suggests.
Awok.com, an online shopping store in Dubai that sells all kinds of consumer goods, from cameras, phones to kitchen appliances, has been tracking trends in the retail habits of consumers in the UAE.
The company found that among those who buy stuff online, 85 per cent would rather pay cash on delivery, while only 15 per cent opt to use their credit or debit card.
These online shoppers, majority of whom are presumably keeping a stash of cash in their wallets at all times, are mostly men (76 per cent) and between 25 years and 34 years of age.
They spend an average of Dh500 on every purchase.
While online shopping is increasingly becoming popular, consumers in the UAE are quite not ready to fully embrace the culture of cashless payments due to security concerns.
"There is still a huge disconnect in trust for online shopping versus trust for online payment," Ulugbek Yuldashev, managing director of awok.com, told Gulf News.
"Consumers are still uncomfortable sharing their banking details online due to fear of being defrauded."
As to what they mostly shop for online, statistics showed that the most searched categories are mobile phones, tablets, watches, jewellery and perfumes.
Consumers electronics, preferred by 57 per cent of the customers, top the list of popular items, followed by home and kitchen appliances (14 per cent), apparel and accessories (10 per cent), other categories (10 per cent), health and beauty products (5 per cent) and photography and cameras (4 per cent).
The majority of online customers (52 per cent) use their smartphones to shop, while a significant number (44 per cent) place orders through a desktop and a small number (4 per cent) through a tablet.
Payments experts have long noted the slow uptake of cashless payments not just in the UAE but in many markets around the world.
In 2009, 62.4 per cent of total consumer payments were made in cash, compared to 4.9 per cent for card transactions.
Experts had earlier attributed the trend to the low levels of investment in the payment systems infrastructure and concerns over credit card debt and security.
Source: awok.co/wW2u4D
Website: www.awok.com
Post By: Ramiz Ali Khan
Cash is still king for majority of online UAE consumers
Only 15% of consumers who buy online pay with cards
Despite all of the talk about paperless transactions, e-commerce or innovations in the financial markets, cash is still king.
The majority of consumers in the UAE are not comfortable paying their new smartphone, perfume, toilet paper and other everyday essentials with plastic, a new study suggests.
Awok.com, an online shopping store in Dubai that sells all kinds of consumer goods, from cameras, phones to kitchen appliances, has been tracking trends in the retail habits of consumers in the UAE.
The company found that among those who buy stuff online, 85 per cent would rather pay cash on delivery, while only 15 per cent opt to use their credit or debit card.
These online shoppers, majority of whom are presumably keeping a stash of cash in their wallets at all times, are mostly men (76 per cent) and between 25 years and 34 years of age.
They spend an average of Dh500 on every purchase.
While online shopping is increasingly becoming popular, consumers in the UAE are quite not ready to fully embrace the culture of cashless payments due to security concerns.
"There is still a huge disconnect in trust for online shopping versus trust for online payment," Ulugbek Yuldashev, managing director of awok.com, told Gulf News.
"Consumers are still uncomfortable sharing their banking details online due to fear of being defrauded."
As to what they mostly shop for online, statistics showed that the most searched categories are mobile phones, tablets, watches, jewellery and perfumes.
Consumers electronics, preferred by 57 per cent of the customers, top the list of popular items, followed by home and kitchen appliances (14 per cent), apparel and accessories (10 per cent), other categories (10 per cent), health and beauty products (5 per cent) and photography and cameras (4 per cent).
The majority of online customers (52 per cent) use their smartphones to shop, while a significant number (44 per cent) place orders through a desktop and a small number (4 per cent) through a tablet.
Payments experts have long noted the slow uptake of cashless payments not just in the UAE but in many markets around the world.
In 2009, 62.4 per cent of total consumer payments were made in cash, compared to 4.9 per cent for card transactions.
Experts had earlier attributed the trend to the low levels of investment in the payment systems infrastructure and concerns over credit card debt and security.
Source:awok.co/r3LmRx
Website: www.awok.com
Post By: Ramiz Ali Khan
AWOK.com Data Shows UAE Consumers Still More Confident of Cash on Delivery Payment for Online Purchases
AWOK.com gathers data on online shopping habits for UAE consumers: infographic
In the last 12 months, UAE-based online retail specialist, awok.com, has been tracking trends in online retail habits, which clearly demonstrate that while people are comfortable with buying online, they still prefer to use cash to pay for deliveries.
Awok.com reports that on average, cyber shoppers spend AED 500 minimum per transaction, with consumer electronics taking 57% of the purchases. Home and kitchen appliances come a distant second at 14%, with photography and cameras generating the least sales at just 4%.
"There is still a disconnect in trust for online purchase, versus online payment, as well as accessibility for card payment methods for some segments of society," says Ulugbek Yuldashev, Founder and CEO of awok.com. "However, we appreciate that not everyone wants to pay through a card, and awok.com caters to all preferences."
With the market continuing to mature quickly, males have been highlighted as the predominant force behind 'click and buy'; representing an overwhelming 76% of online shoppers. While the UAE's male-biased population certainly serves to enforce that figure, the social aspect of malls and browsing, still appeal more to the female consumer. 25-31 year-olds make up the biggest proportion at 58%.
Awok.com has seen significant response with returning customers now hitting 59%. Mobile technology plays a big role in supporting site accessibility, with a majority of customers accessing the site through their phones and smart devices. Android users are the most predominant, at 72% of shoppers, while the optimum browsing choice is Google Chrome.
For more information on AWOK, please visit http://www.awok.com
Source: awok.co/XhR4lRWebsite: www.awok.com
Post By: Ramiz Ali Khan
Mobile Apps: Is Arabic less popular in UAE?
Saudi leads the list in terms of popularity of Arabic apps
Arabic mobile applications are downloaded far too fewer times in the United Arab Emirates compared to any other country in the region.
Saudi Arabia leads the list in terms of popularity of Arabic apps. About 89 per cent of people in the kingdom download Arabic apps regularly compared to just about 39 per cent in the UAE.
Well, before you can come to any conclusions about the language preference here, the result is a reflection of the cosmopolitan culture and a large presence of expat population in the UAE.
The results were revealed by Nader Kobeissi, Managing Director Mena of On Device Research on the sidelines of the ongoing two-day Arabnet Digital Summit 2015 in Dubai.
“Dubai’s numbers are low, simply because of the large number of expat population and a very active app download pattern among Westerners and Europeans,” says Kobeissi.
“About 70 per cent of Westerners, including Europeans download more than 5 apps in a month and did so during the past month and these are mostly apps in English,” he said.
The popularity of Arabic apps among the Arabs in the UAE, however, continue to remain high, at about 68 per cent and on par with Egypt. In Jordan 70 per cent of the apps downloaded are Arabic, compared to 54 per cent in Lebanon.
However, the survey also points out almost 34 per cent of those polled, which covered about 500 users from each country in the region, did prefer international apps, while about 31 to 30 per cent said they did not find what they wanted in Arabic and failed to find good quality Arabic apps.
Gaming apps continue to remain the most popular category in the region, followed by social media and music.
About the most downloaded apps, gaming related apps stood at 60 per cent, compared to 16 per cent of health and fitness related apps and 18 per cent of shopping related apps.
Utility related apps are downloaded mostly by those over 30 years – while, lifestyle, shopping and education are the three most popular categories among female mobile users.
The survey also revealed details about the nature of app purchases. “Majority of those buying apps - about 39 per cent - are doing so not because of its advanced features, but to avoid advertising,” says Kobeissi. About 37 per cent do so for additional content while, 29 per cent buy something which has been previewed on screen.
According to the survey, about 37 per cent of those buying apps go ahead and make in-app purchases and about 53 per cent don’t spend any money on buying apps and majority of them simply because there are not many interesting apps out there in the market.
“Almost 20 per cent don’t trust the payment security system, while 16 per cent cannot find what they want to buy,” he said.
Saudi Arabic again continued to lead the numbers in terms of app purchases with about 51 per cent of users having paid to download apps, compared to 41 per cent in the UAE and Lebanon.
Source: awok.co/wNilNA
Website: www.awok.com
Post By: Ramiz Ali Khan
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