Beneficial new partnerships are helping CoreCommerce India drive ecommerce sales
CoreCommerce India is excited to announce that they have launched some new connections and updates which include a tie-up to some of India’s leading payment gateway service providers that offers comprehensive payment services for customer and merchants with SaaS fee collection and payment gateway support for clients. This puts CoreCommerce India in a unique position to help drive ecommerce sales in India.
The shift to smart phones, increasing internet penetration, decreasing data access costs, and credit flow to micro enterprises and consumers is driving India’s ecommerce boom. Financial services firm, Morgan Stanley estimates that by 2026, India’s online retail market will grow to over $200 billion (Rs. 13,30,550 crore), an increase of over 1,200% from the 2016 level of $15 billion. Numbers of that scale are often hard to comprehend. They’re invigorating and mind-boggling at the same time.
If one’s company is staring down that $200 billion barrel and wondering, ‘What do we do?’ rest assured, they’re not alone. As Harvard Business Review wrote earlier this month: “Business leaders are scrambling to adjust to a world few imagined possible just a year ago. The myth of a borderless world has come crashing down. Traditional pillars of open markets-the United States and the UK-are wobbling, and China is positioning itself as globalization’s staunchest defender.”
According to Global Ecommerce, the big idea is simple: the massive opportunities of global ecommerce are too big to ignore. Not only in retail and B2C, but also in ecommerce’s most overlooked category – B2B.
CoreCommerce India is positioned to help others take advantage of the emerging opportunities within the e-commerce space. “We have focused on adding functions and features that are beneficial to our Indian clients by creating partnerships with Payment Gateway service providers which give us broader payment gateway features and Logistics Service providers which provides Shipping & Fulfillment. Our robust functions and features are sufficient to give any business owner the opportunity to reach the world,” says Mohnish Mehta, Head of Growth & Expansion at CoreCommerce India.
CoreCommerce India recognizes that there are 3,660,000 businesses in India and most of them are small businesses looking to grow. “We are ensuring that CoreCommerce India has the tools, the reach, and the support systems in place to assist these small businesses in accessing the larger market which was once unreachable,” says Mr. Mehta.