One of the most effective ways for our nation's leaders to help create an entrepreneurial culture amongst our younger generations, is to incentivise the telcos to jointly create an online ecommerce platform - #WellMadeInGhana, for example - which could be leveraged by micro, small and large Ghanaian businesses, as their CSR contribution to the creation of a prosperous society in our country.
If such a policy would enable any Ghanaian to create an online store, for which he or she need not pay any fees whatsoever, would it not make a huge difference to the financial circumstances of tens of millions of our people, young and old, alike, I ask?
It would be a win-win outcome for all parties - and the telcos would see a dramatic increase in their data traffic as more people access the internet to serve ecommerce customers who patronise their (#WellMadeInGhana) online stores. Perhaps the telcos could take a look at Shopify's new-look platform and learn a thing or two from it.
Their mobile money services would definitely get more patronage from their common CSR ecommerce platform's clients. It would also help bring forward the cashlite society we all want to see evolving in Ghana in the not too distant future. In that regard, as inspiration for our current political leaders and the leaderships of the telcos, we have culled a CNBC.com article by Arjun Kharpal, entitled: "Suare rival iZettle now lets people make their own online stores".
Please read on:
"CNBC.com.
Square rival iZettle now lets people make their own online stores
iZettle has launched a platform that lets merchants set up online stores and accept payments.
The fintech firm is known for its mini card readers and payment processing technology, similar to Square in the U.S.
iZettle has been trailing the product in Sweden and the U.K. and will launch it in these territories first.
Arjun Kharpal | @ArjunKharpal
Published 7:01 PM ET Wed, 18 April 2018 Updated 6:09 AM ET Thu, 19 April 2018 CNBC.com
Jacob de Geer, CEO, iZettle.
iZettle
Jacob de Geer, CEO, iZettle.
European payments firm iZettle launched a platform Thursday that lets merchants set up online stores, in its biggest product release since 2011.
The fintech firm is known for its mini card readers and payment processing technology, similar to Square in the U.S.
But it is now looking to expand its offering as competition heats up in Europe.
The e-commerce platform will allow a merchant to create an online store, accept payments, and also link inventory from its physical store.
Small businesses find it complex to begin selling online, according to iZettle CEO Jacob de Geer.
"The bigger point here is that it is already integrated with offline point of sale that we also provide. The complexity that lies in that combination is inventory. All businesses want to sell online, but they get into the complexity of how much you have in stock, if you sell something online versus offline," de Geer told CNBC in a phone interview.
"That entire product suite is extremely helpful and neatly done and packaged in a fantastic way."
The Swedish firm has been trialing the product in Sweden and the U.K. and will launch it in these territories first. iZettle makes money from taking a cut of payments, but it will also charge £30 ($42) a month for the e-commerce platform.
De Geer said half the merchants using iZettle right now don't have an online footprint and he estimated 28 million potential businesses could use the company's service. The CEO also said the company is onboarding 1,000 small businesses to its platform a day, but declined to give a total figure for the number of merchants that are customers.
"The opportunity we are looking at and how we can drive ARPU (average revenue per user) is in terms of increased payment volume combined with a monthly fee for having a full sales service for the online world," de Geer said.
With the product launch, iZettle is taking on the likes of Shopify and to an extent Amazon, which allows third parties to sell via its platform. But iZettle is allowing users to create custom shopfronts online.
iZettle is facing increased competition in Europe. Last year, U.S. rival Square launched its payments and card reader service in the U.K. It also has an e-commerce platform available in the U.K.
Correction: This article has been updated to reflect that Square has an e-commerce offering available in the U.K.
Arjun KharpalTechnology Correspondent
Related Securities
Symbol
Price
Change
%Change
SQ 49.10
-0.11 -0.22%
by Taboola
Sponsored Links
FROM THE WEB
Flights In Ghana At Ridiculously Low PricesSave70.com
TV Sets Are Becoming Outdated Thanks To This New Device.Lumipal 2000
New Site Finds the Cheapest Flights in Seconds!FlightFinder
by Taboola
MORE FROM CNBC
Tim Allen drives a $90,000 Dodge Demon, the fastest-accelerating car on the market
It appears China has stopped buying soybeans from the US altogether because of trade fight
I bought the iPhone X six months ago, here's what I think about it now
If Trump answers Mueller's questions, it will 'end his presidency'
If you invested $1,000 in Apple 10 years ago, here’s how much you’d have now
Bill George: Ford's decision to dump cars 'may prove fatal'
by Taboola
Sponsored Links
FROM THE WEB
The story behind the story of the Packer affairESPN Cricinfo
The Classic British Pub is Trying to Survive Challenging TimesTime
Apple took 8 days to give me the data it had collected on me. It was…USA Today
3 Women Sue Charlie Rose and CBS, Alleging HarassmentNY Times
by Taboola
Rudy Giuliani says Trump son-in-law Jared Kushner is 'disposable,' warns against investigating Ivanka
Volcanic eruption in Hawaii forces evacuations (NBC News)
Cramer: The stock market isn't down even bigger because investors hope Trump gets lucky on China
Market correction of 30-40% could be coming soon, investment guru Mark Mobius warns
The Amazon effect could potentially leave all Americans neighborless
Cramer: You'll miss out if you ignore these giant stock buybacks
Promoted Links
Most Popular: Tech
Larry Page, Google co-founder and CEO speaks during the opening keynote at the Google I/O developers conference.
Here's what a mid-level salary looks like at Amazon, Alphabet, Facebook, and other tech companies
Jeff Bezos, Amazon
Puppy stolen by Amazon delivery driver returned to owner after he emailed Jeff Bezos
Employees work at the Coinbase Inc. office in San Francisco, California.
Top crypto exchange Coinbase prepares for a monster increase in trading
Apple CEO Tim Cook
The Apple Watch has a secret weapon that helps it dominate the market
Li Jiang holds up a vial of his stem cell sample
Tech workers are paying $7,000 to freeze their stem cells in hope of extending life."
End of culled content from the CNBC.com website.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment