CORPORATE INNOVATION

E-commerce as a Fastest Growing Technology in the World

With an increasing demand for online purchasing, more and more customers are searching for goods to buy online, from the comfort of their home. We can say that e-commerce is expanding tremendously because of its complete range of benefits that any industry can enjoy.

One of our speakers, Koba Kurdadze, founder and CEO of UniPAY in Georgia talked exactly about e-commerce in emerging markets at Touch Digital Summit 2019 and what impact does e-commerce have on modern technology.

Day by day, we are part of e-commerce and we are part of 57% of the world’s population which is now connected to the internet. These numbers will help us today to dive into how big this market is, how big this economy is and how we have to act after 5 or 10 years.

Key data:

There are 5.11 billion unique mobile users in the world today;
There were 4.39 billion internet users in 2019;
There were 3.48 billion social media users in 2019.

Can you imagine the size of the audience ready to dive into technology, ready to pay, click on your button when you put it on your webpage or on your application?

If we take a huge penetration of the internet in the modern world, if we take the digital Millenials what we call the generation which is ready to adopt these technologies and if we add the social media accounts which are the huge part of the world since everybody is connected to social media and if we open access to products and services, we have the growth of e-commerce.

If we have to look on the map and see how these emerging markets are geographically acting, we see that the highest level of saturation of digital e-commerce is in the developed countries. For example, in the USA, in the UK or in Western Europe this number is very low, it is decreasing by the revenues, numbers of the sales in e-commerce or in the different parts of e-commerce. But if we take Middle East, Asia, Pacific or Central European countries, we see the growth for 10 -15%, meaning that the penetration of the internet is very high among the population of these countries. It is because big markets with the big players like Amazon, eBay, Alibaba, jd.com, Zalando are generating a huge number of revenues on the sales year by year.

What can be said about e-commerce in Georgia?

Regarding UniPAY, Koba describes how they faced the growth of the emerging market as a local company, how the big brands came into their agenda. They are creating tools and providing the payment options to the merchants who want to open their shop in short notice, who want to start accepting online payments using the ready-made tools. UniPay is the one and only official partner of Shopify, Wix.com and Ecwid in Georgia.

The big brands entering into the emerging market of Georgia resulted in the rise of the number of registered merchants. This made everything easy for entrepreneurs who want to open a shop. They already have the tools that they need and with one simple click, they are adding payment methods and accepting payments online. But these tools are not only for accepting payments, but there are also a lot of marketing stuff inside, a lot of plugins, CRM, ready-made tools to use for reaching your audience or spreading your business online

When we think about the emerging markets in small countries like Georgia, it doesn’t mean that modern technology will not reach us, but on the opposite, they are investing in more productive capacity.

What will E-commerce trends be for the next 5 years:

- Data-driven e-commerce delivers great value to even more areas.

- Internet of things, big data, algorithm-driven supply, chatbots, etc… they are giving us new opportunities to shape the future of the e-commerce market.

Biggest opportunities and challenges are coming ahead…

E-commerce is experiencing monumental growth. It went from being a $1.3 trillion industry in 2014 to a $3.5 trillion industry in 2019. And by 2023, it will reach more than $6.5 trillion.

This means there is a huge opportunity for e-commerce brands and the sky is truly the limit.

So you need to continually build your brand, you need to stay on top of trends, which aspects of e-commerce are changing, what customers are most receptive to with marketing, and so on. But one thing we know is that they are already technology-focused and they want to be online. Based on this, you have to think about how to develop new businesses and become successful.

You can watch Koba Kurdadze’s full talk discussing e-commerce in emerging markets here.

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OVERVIEW

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SECTION 1 EVENT TICKETS PURCHASE TERMS

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USE OF PORTRAITS OUT OF CONTEXT

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SECTION 3 ACCURACY, COMPLETENESS AND TIMELINESS OF INFORMATION

We are not responsible if information made available on this site is not accurate, complete or current. The material on this site is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. Any reliance on the material on this site is at your own risk.

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Certain products or services may be available exclusively online through the website. These products or services may have limited quantities and are subject to return or exchange only according to our ***Return Policy.

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REFUND AND RETURN POLICY

The event tickets and products purchased at this website are non-refundable and we do not do any return, unless there are some health issues confirmed by the document signed by the doctor and sealed at the respective clinic, which can be sent with the detailed explanation of the reason for the return to info@touch.ge not more than 1 week before the event start date, with the Subject line “Return ticket because of health issues reasons”.

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You agree to provide current, complete and accurate purchase and account information for all purchases made on our website. You agree to use up to date email addresses and credit card numbers and expiration dates, so that we can complete your transactions and contact you as needed.

For more detail, please review our ***Returns Policy.

SECTION 7 – OPTIONAL TOOLS

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You acknowledge and agree that we provide access to such tools as is” and “as available” without any warranties, representations or conditions of any kind and without any endorsement. We shall have no liability whatsoever arising from or relating to your use of optional third-party tools.

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We may also, in the future, offer new services and/or features through the website (including, the release of new tools and resources). Such new features and/or services shall also be subject to these Terms of Service.

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- incorporation as an element of web page design or into a logo, trademark or service mark.

NO RELEASES

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SECTION 14 – SEVERABILITY

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SECTION 15 – TERMINATION

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SECTION 16 – ENTIRE AGREEMENT

The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision.

These Terms of Service and any policies or operating rules posted by us on this site or in respect to The Service constitutes the entire agreement and understanding between you and us and govern your use of the Service, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms of Service).

Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.

SECTION 17 GOVERNING LAW

These Terms of Service and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of Georgia.

SECTION 18 – CHANGES TO TERMS OF SERVICE

You can review the most current version of the Terms of Service at any time at this page.

We reserve the right, at our sole discretion, to update, change or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms of Service constitutes acceptance of those changes.

SECTION 19 – CONTACT INFORMATION

Questions about the Terms of Service should be sent to us at info@touch.ge

REFUND POLICY

We do not offer any refund to the products and services purchased via our website or our social media channels (Facebook, Instagram, Vimeo, Twitter, LinkedIn). The tickets to the Touch.ge events can be purchased only on the websites of Touch.ge. No resellers or distributors are allowed to sell tickets to the Touch events. Touch is not responsible for tickets purchased at other places than the official event website, nor these tickets give access to the events by Touch.ge.

The only reason for a return is serious health issues that make it impossible attending the event, proved by the document signed by the doctor and sealed at the respective clinic, which should be sent to info@touch.ge not later than 1 week before the start date of the event.

To complete your return, we require a receipt or proof of purchase and detailed explanation.

Please do not send your purchase back to us without notice.

Refunds (if applicable)

Once your return is received and inspected, we will send you an email to notify you that we have received your returned item. We will also notify you of the approval or rejection of your refund.

If you are approved, then your refund will be processed, and a credit will automatically be applied to your credit card or original method of payment, within a certain amount of days.

Late or missing refunds (if applicable)

If you haven’t received a refund yet, first check your bank account again.

Then contact your credit card company, it may take some time before your refund is officially posted.

Next contact your bank. There is often some processing time before a refund is posted.

If you’ve done all of this and you still have not received your refund yet, please contact us at info@touch.ge

Sale items (if applicable)

Only regular priced items may be refunded, unfortunately sale items cannot be refunded.

Exchanges (if applicable)

We only can upgrade your ticket to the one with the higher value and price 1 week before the event. If you need to upgrade your ticket, send your email to info@touch.ge

If you have any questions about this policy please do not hesitate to contact us at info@touch.ge

Contact info:

Digitalmate Ltd.

0322 23 56 79

Egnate Ninoshvili # 8

Tbilisi, Georgia

0102

E: info@touch.ge

E-commerce as a Fastest Growing Technology in the World

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E-commerce as a Fastest Growing Technology in the World

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Terms of Policy

OVERVIEW

SECTION 1 EVENT TICKETS PURCHASE TERMS

SECTION 2 – GENERAL CONDITIONS

USE OF PORTRAITS OUT OF CONTEXT

SECTION 3 ACCURACY, COMPLETENESS AND TIMELINESS OF INFORMATION

SECTION 4 – MODIFICATIONS TO THE SERVICE AND PRICES

SECTION 5 – PRODUCTS OR SERVICES (if applicable)

REFUND AND RETURN POLICY

SECTION 6 ACCURACY OF BILLING AND ACCOUNT INFORMATION

SECTION 7 – OPTIONAL TOOLS

SECTION 8 USER COMMENTS, FEEDBACK AND OTHER SUBMISSIONS

SECTION 9 – PERSONAL INFORMATION

SECTION 10 – ERRORS, INACCURACIES AND OMISSIONS

SECTION 11 – PROHIBITED USES

FORBIDDEN USES OF PHOTOGRAPHIC MATERIALS ON OUR WEBSITE

NO RELEASES

SECTION 12 – DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY

SECTION 13 – INDEMNIFICATION

SECTION 14 – SEVERABILITY

SECTION 15 – TERMINATION

SECTION 16 – ENTIRE AGREEMENT

SECTION 17 GOVERNING LAW

SECTION 18 – CHANGES TO TERMS OF SERVICE

SECTION 19 – CONTACT INFORMATION

REFUND POLICY

Refunds (if applicable)

Late or missing refunds (if applicable)

Sale items (if applicable)

Exchanges (if applicable)

Contact info: