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Assignment
ON
E-Commerce Evolution in Bangladesh

Submitted To: Submitted By:

Ms. Vikarun Ness Mirza Md Sufian Hridoy

Lecturer B ID: 2310360

Independent University, Bangladesh

Course Details:

Course Name: English Reading Skills

Course Code: ENG-102

Section: 18

Date of Submission: 4-4-2024

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E-Commerce Evolution in Bangladesh

E-commerce is a short thing for electronic commerce of the practice of buying and selling goods
and services over the internet. It involves the digital exchange of money and data to execute
these transactions. As a modern retail framework, it allows consumers to shop from anywhere
using a computer or mobile device, encompassing a wide range of business activities and
models, from online retail stores to service providers and marketplaces (Saima, 2021).

In the 1950s, businesses started using computers to manage their work, and in the 1960s, they
began using punched cards for transactions and record-keeping. In 1968, the Transportation Data
Coordination Committee was formed, and in 1979, the American National Standards Institute
created a committee to develop a standard way for electronic data interchange (EDI). Online
shopping began in 1979, and the first e-commerce transaction happened in 1984. In Bangladesh,
e-commerce started in 2010 with SSL COMMERZ, helped by faster internet from WIMAX
technology. This led to the rise of platforms like cellbazar, ajkerdeal, rokomari, and akhoni
(Tanvir, 2020).

A recent study by the Asian Development Bank (ADB) predicts that by 2023, Bangladesh's e-
commerce sector will grow to about $3 billion. This growth is being driven by better internet
access, more people using digital payments, changes in how people shop, and the Covid-19
pandemic pushing more people to shop online. Mobile financial services (MFS) have been
important in this growth, helping smaller businesses get involved in e-commerce. Because of this
growth, the e-commerce industry in Bangladesh is creating jobs and giving chances to young
people who want to start tech businesses. Right now, Bangladesh has about 2,500 e-commerce
companies and 50,000 business pages on Facebook, selling things to different groups of
people(Robiul,2023).

Online businesses in Bangladesh have changed a lot because of how people live and what they
do. E-commerce started in the late 1990s in Bangladesh, but it grew slowly at first. However,
things like better banking, delivery services, and ways to pay for things online have made e-
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commerce better. Even though not everyone can use credit cards, more people can use digital
wallets or pay when they get their stuff. Around 2012, e-commerce got better because more
people had the internet and the government started supporting online payments. Not many people
use credit cards, which makes it hard to buy things online, but e-wallets like Bkash are helping
with this. E-commerce could help Bangladesh's economy a lot in the future. The government
needs to keep supporting it as part of their plan to make Bangladesh more digital
(Mahbub,2020).

The COVID-19 pandemic boosted e-commerce in Bangladesh, creating job opportunities for
many. Despite initial hurdles, e-commerce companies adapted and resumed operations. User-
friendly websites and platforms like Facebook played key roles, facilitating cash-on-delivery
payments. Overall, the pandemic accelerated e-commerce growth in Bangladesh, bringing both
positive and negative impacts.Because of this, the COVID-19 pandemic has sped up the growth
of e-commerce in Bangladesh, bringing both good and bad things. paraphrase this in short in
easy sentences (Shahnur et al.,2021).

The rise of e-commerce in Bangladesh is helping its economy grow, just like how the country's
economy has been getting better over the last ten years. This growth is changing how people in
Bangladesh live. The study wants to make a detailed plan that explains how different things
affect e-commerce in Bangladesh. E-commerce is making lots of new jobs and bringing in new
things for people. Studying this growing industry is important for policymakers. They need to
understand its details so they can create a simple plan that deals with all the big challenges and
opportunities and how much they matter (Vince et al., 2019) .

(Total words:593 without citation and with citation 604 )

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References:

1. Sameh, S. (2021).The Emergence of E-commerce in Bangladesh And Its Growth.

International Journal of Science and Business (IJSB), 5(10), PP(30-40).
https://www.researchgate.net/publication/354997107_The_Emergence_of_E-
commerce_in_Bangladesh_And_Its_Growth

2. Hossain, T. (2020).Growth of e-commerce in Bangladesh. Academia.edu Publishing, PP(1-

15).
https://www.academia.edu/37474963/growth_of_e_commerce_in_bangladesh

3. Chokder, R. (2023). How Bangladesh is Embracing E-Commerce: A Report by ADB Reveals

the Factors Behind the Country’s Rapid Online Market Expansion.
https://www.linkedin.com/pulse/how-bangladesh-embracing-e-commerce-report-adb-reveals-
robiul-chokder-dlsqc/

4.Amin, M, M, U. (2020).The rise of E-commerce in Bangladesh: Current opportunities in the e-

commerce industry. Reserchgate, pp(4-14).
https://www.researchgate.net/publication/370838148_The_rise_of_E-
commerce_in_Bangladesh#:~:text=Bangladesh's%20restrained%20e%2Dcommerce%20sector,a
%20proper%20ecosystem%20in%202012.&text=present%20to%20prevent-,consumers%20from
%20being%20deceived%20and%20low%2Dquality%20or,goods%20are%20provided%20to
%20them.&text=of%20its%20Digital-,Bangladesh%20initiative%20%2C%20the
%20government%20should%20be,forthcoming%20in%20strengthening%20this%20sector

5. Chowdhury, S, A., Akter, S., Chowdhury, M, M . & Ahsan, S, M, H. (2021). Is COVID-19

blessing for Ecommerce: A view from Bangladesh. International Journal of Advances in
Management and Economics, PP(26-31).
https://www.managementjournal.info/index.php/IJAME/article/view/686
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6. Martins, V. W. B., Rampasso, I. S., Anholon, R., Quelhas, O., & Leal Filho, W. (2019).
Knowledge management in the context of Sustainability. Literature review and opportunities for
future research and Journal of cleaner production, PP( 489-500).
https://www.icab.org.bd/publication/news/5/492/The-Determinants-of-Sustainable-E-
Commerce-in-Bangladesh-Challenges-and-Opportunities