Bazaar PK is a new online marketplace for Pakistan’s small and medium-sized retailers. The country’s retail market is estimated to be $170 billion. As the fifth-largest nation in the world, Pakistan has a strong consumer market. The two co-founders, Jawaid and Saad Jangda, first met in Dubai, where Jawaid worked for McKinsey & Company and Jangda worked at careem. The country is home to about 5 million small and medium-sized businesses, similar to India, and a significant portion of its population is online.
QistBazaar
If you are planning to buy an electronic item and you are unsure about the price, you can opt for QistBazaar, a digital platform that provides you a wide range of products at a reasonable price. With installment options and flexible payment terms, QistBazaar makes it convenient for you to purchase the products you need without worrying about the price.
The e-commerce sector is a competitive one with numerous brands competing for your business. The main advantage of online shopping is that you do not have to visit the market and can have the products delivered to your doorstep within a few clicks. Furthermore, Qist Bazaar offers Mobiles on installment, allowing you to choose an installment plan that fits your budget and requirements.
Qist Bazaar is an online marketplace that has all the brands that you know and love. You can find anything from mobile phones to TVs and everything in between. You can even get 12 month installment plans, which give you peace of mind when you need to pay for the product. QistBazaar is the place to go for all your electronic needs, whether they be smartphones, TVs, computers, or tablets.
Buy now pay later service
A buy now pay later service is an easy way to buy something now and pay later. This service is available online and in physical stores. This is great for people who can’t afford to pay in full at the time of purchase. Some merchants offer high credit limits and flexible repayment plans of up to 60 months. Some even don’t require an initial payment. To use this service, you simply scan a QR code. In addition, you don’t need to enter a pin or one-time password.
Bazaar is currently testing a buy now pay later service with its merchants in a private beta program. So far, the results have been impressive. The number of merchants using the service has nearly doubled and repayment rates have approached 100 percent. The company is now preparing to expand its services and has plans to bring this service to other countries.
Bazaar’s buy now pay later service is a natural extension of its recent launch of a digital ledger. The app helps retailers manage their bookkeeping and has helped more than 750,000 merchants in Pakistan. The company plans to expand to ten major cities over the next year and is hiring more staff. It is also exploring new fintech opportunities to improve its business.
The buy now pay later service allows customers to purchase products without incurring any additional credit or interest payments. It’s a popular method of short-term financing and has become widespread in developing countries. Buying goods now and paying for them later can help increase financial inclusion in developing countries. Many people are unable to afford full upfront payments, so this option allows them to enjoy a purchase today and pay for it later.
With the rising cost of living, consumers are finding it difficult to keep up with their fixed expenses. The rise in popularity of e-commerce has contributed to the rise in buy now pay later services. These financing options allow customers to spread the cost of their purchases over a period of time, allowing them to keep spending.
Bookkeeping product
Bazaar is a business-to-business marketplace in Pakistan that helps merchants digitize their bookkeeping. The company recently raised $30 million in Series A funding, the largest in Pakistan. Investors included Singapore-based Wavemaker Partners and Silicon Valley’s Defy Partners. The company plans to expand into more cities throughout the country and offer a full suite of financial services.
Earlier this year, Bazaar launched a digital ledger app called Easy Khata that helps retailers manage their bookkeeping. The service has now served 750,000 merchants. It has also begun experimenting with its buy-now-pay-later offering through a closed beta program. Early results are impressive. The company says repayment rates are near 100%, and it has doubled its customer wallet share.
Bazaar was founded by Hamza Jawaid and Saad Jangda in June 2020. It provides services to small and medium-sized merchants in Pakistan through digital lending, operating software, and other supply chain products. The company claims to have grown rapidly in less than two years, with its last-mile network now covering 21 cities in Pakistan. It also provides real-time analytics to analyze brand performance, and improve distribution capability.
Bazaar is committed to transforming traditional retail in Pakistan, with its B2B e-commerce platform and digital ledger, Easy Khata. Its mission is to empower the country’s 5 million MSMEs by providing them with the tools and services they need to run their businesses efficiently. With a focus on simplicity and delight, Bazaar is building an operating system that works for merchants.
Bazaar is a largely b2B e-commerce and FinTech platform in Pakistan that launched in 2020. It currently serves 21 cities across the country and claims to have registered over 2.4 million businesses on its Easy Khata platform. Its bookkeeping service has facilitated $10 billion of yearly transactions. The company plans to expand to more cities and launch new categories on the marketplace.
Online marketplace for small and medium-sized retailers
Online marketplaces are an excellent option for small and medium-sized retailers looking to sell their products online. These sites offer flexible tools for retailers to increase sales and retain customers. Selling on these sites is free or cost-effective, depending on the product category and the number of items listed. Some marketplaces offer paid memberships, while others are free for a certain period of time.
The advantages of selling on an online marketplace include increased exposure and greater consumer trust. In the U.S., for example, Amazon is the top place shoppers go when they want to buy a particular product. Also, online marketplaces don’t require a huge marketing budget and don’t require web development expertise to make changes and add new items. They also offer payment processing and analytics data so that small businesses can easily identify sales patterns.
Social media platforms such as Facebook can assist small businesses with marketing efforts. For example, Facebook’s analytics tools let sellers measure the effectiveness of Facebook posts. However, the disadvantage of marketplaces is that sellers can’t leverage previous purchases from customers. Consequently, businesses looking to sell products on a marketplace should be aware of this limitation before deciding to use one.
Newegg is an online marketplace that focuses on professional sellers. It sells products for small and medium-sized businesses and public institutions. It also provides financial help from globally renowned experts. Its product range also includes services related to recreation and leisure. You can buy and sell items in 26 languages on Newegg.
Online marketplaces are easy to use. They provide distribution channels, advertising and payment processing services. Furthermore, these marketplaces help retailers expand their customer base. They connect buyers with various retailers and offer them the chance to browse multiple brands in one location. The benefit is that online shoppers can find everything they need in one place.
