OLX

Egypt E-Commerce Industry Report 2023: Market is Expected to Grow by 12.63% to Reach $9.1 Billion in 2023 - Forecasts to 2027

Retrieved on: 
Tuesday, January 30, 2024
Online, DiDi, Book, Travel, Electronics, Clothing, Platform, Consumer, Foodservice, Amazon, Volume, Wellness, Talabat, OLX, Beauty, Drawing, City, InDrive, Air travel, Entertainment, Health care, Health

Ecommerce market in Egypt is expected to grow by 12.63% on annual basis to reach US$9.1 billion in 2023.

Key Points: 
  • Ecommerce market in Egypt is expected to grow by 12.63% on annual basis to reach US$9.1 billion in 2023.
  • The Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 10.58% during 2023-2027.
  • The Ecommerce gross merchandise value in the country will increase from US$8.1 billion in 2022 to reach US$13.7 billion by 2027.
  • This report provides a detailed data centric analysis of Ecommerce market dynamics, covering over 100 KPIs in Egypt.

Prosus Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023
Technology, Retail, Food Tech, Other Professional Services, Blockchain, Finance, Electronic Commerce, Restaurant, Bar, Professional Services, Artificial Intelligence, Payments, Other Technology, Internet, Fintech, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Naspers Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023
Food, Beverage, Retail, Automotive, Finance, Internet, Online Retail, Electronic Commerce, Professional Services, Technology, Delivery Services, Fintech, Restaurant, Bar, Publishing, Payments, Advertising, Communications, Media, General Automotive, Apps, Applications, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Zoop Receives License from Brazilian Central Bank as Licensed Payment Institution

Retrieved on: 
Wednesday, November 8, 2023
Fintech, Pix, SPI, OLX, SPB, EBITDA, Acquisition, B2B, Neobank, API, EMI, Union, Central bank, Visage SDK, ITP, Official Gazette, TPV, Qualcomm Ventures, USD, WeWork, IP, Cryptocurrency, Bank, Zoop, Nubank

SÃO PAULO, Nov. 8, 2023 /PRNewswire/ -- Zoop, the leading fintech in technology for financial services in the Brazilian B2B market, received authorization from the local Central Bank on Tuesday, October 31, to act as a Payment Institution (Instituição de Pagamento (IP)), as an electronic currency issuer (EMI). The granting of the license was published in the Official Gazette of The Union.

Key Points: 
  • SÃO PAULO, Nov. 8, 2023 /PRNewswire/ -- Zoop, the leading fintech in technology for financial services in the Brazilian B2B market, received authorization from the local Central Bank on Tuesday, October 31, to act as a Payment Institution (Instituição de Pagamento (IP)), as an electronic currency issuer (EMI).
  • The IP license opens up new business prospects for Zoop and strengthens its market position.
  • The company now has direct access to the Brazilian Payment System (SPB) and the Instant Payment System (SPI), which will enable the development of new financial services infrastructure solutions.
  • "By obtaining this license, Zoop will be able to offer more comprehensive and personalized financial solutions to customers and partners, meeting growing market demands.

Uzum Market Strengthens Its E-commerce Leadership achieving over 80% Brand Awareness Among Consumers in Uzbekistan

Retrieved on: 
Tuesday, September 26, 2023
OLX, Ageing, KPMG, Habit, IPSOS, USD, Retail, Telegraphy

The study demonstrates that the awareness of the national marketplace, Uzum Market, has significantly grown over the last months.

Key Points: 
  • The study demonstrates that the awareness of the national marketplace, Uzum Market, has significantly grown over the last months.
  • 83% of respondents mention Uzum Market among the apps and services for online shopping, and 56% name Uzum Market first when asked about services they use.
  • Notably, Uzum Market continues to strengthen its leadership both in the nation's capital and in the regions.
  • Uzum Market, with its wide range of goods and one-day delivery, aligns perfectly with the key considerations of Uzbek consumers, and its popularity continues to grow across all age groups."

Uzum Market Strengthens Its E-commerce Leadership achieving over 80% Brand Awareness Among Consumers in Uzbekistan

Retrieved on: 
Tuesday, September 26, 2023
OLX, Ageing, KPMG, Habit, IPSOS, USD, Retail, Telegraphy

The study demonstrates that the awareness of the national marketplace, Uzum Market, has significantly grown over the last months.

Key Points: 
  • The study demonstrates that the awareness of the national marketplace, Uzum Market, has significantly grown over the last months.
  • 83% of respondents mention Uzum Market among the apps and services for online shopping, and 56% name Uzum Market first when asked about services they use.
  • Notably, Uzum Market continues to strengthen its leadership both in the nation's capital and in the regions.
  • Uzum Market, with its wide range of goods and one-day delivery, aligns perfectly with the key considerations of Uzbek consumers, and its popularity continues to grow across all age groups."

Uzum: Uzbekistan Consumers Turn to Online Marketplaces, Choose Local Players

Retrieved on: 
Wednesday, May 3, 2023
OLX, Telegraphy, AliExpress, Habit, IPSOS, Islam, City, Entrepreneurship, Ecosystem, Online shopping, Ame-no-Uzume

With a population of almost 37 million and dynamic economic growth Uzbekistan is a promising destination for digital services and e-commerce.

Key Points: 
  • With a population of almost 37 million and dynamic economic growth Uzbekistan is a promising destination for digital services and e-commerce.
  • The experts estimate that the e-commerce market volume of Uzbekistan will grow twelvefold from 150 million dollars in 2021 to 1.8 billion dollars in 2026.
  • If until 2022 the Uzbek e-commerce industry was largely represented by foreign players, in 2023 a new Uzbek brand - Uzum Market - has become the most recognizable shopping platform in the country.
  • "We are building the number one e-commerce platform in Uzbekistan and will continue to add new services for both consumers and businesses in the country to truly unlock its immense economic potential".

Uzum: Uzbekistan Consumers Turn to Online Marketplaces, Choose Local Players

Retrieved on: 
Wednesday, May 3, 2023
OLX, Telegraphy, AliExpress, Habit, IPSOS, Islam, City, Entrepreneurship, Ecosystem, Online shopping, Ame-no-Uzume

With a population of almost 37 million and dynamic economic growth Uzbekistan is a promising destination for digital services and e-commerce.

Key Points: 
  • With a population of almost 37 million and dynamic economic growth Uzbekistan is a promising destination for digital services and e-commerce.
  • The experts estimate that the e-commerce market volume of Uzbekistan will grow twelvefold from 150 million dollars in 2021 to 1.8 billion dollars in 2026.
  • If until 2022 the Uzbek e-commerce industry was largely represented by foreign players, in 2023 a new Uzbek brand - Uzum Market - has become the most recognizable shopping platform in the country.
  • "We are building the number one e-commerce platform in Uzbekistan and will continue to add new services for both consumers and businesses in the country to truly unlock its immense economic potential".

Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals, Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 21, 2023
Professional Services, Business, Finance, Online, Foodservice, Travel, Air travel, Semiotics of music videos, Talabat, Clothing, Prepaid Payment Instruments in India, InDrive, DiDi, Entertainment, Amazon, Beauty, Disney Media and Entertainment Distribution, Wellness, Growth, Medium, Consumer, IHG Hotels & Resorts, E-commerce, Society for Accessible Travel & Hospitality, OLX, Book, City, Electronics, Health, Platform, Health care, Online shopping, Marketing, Jumia, B2C, Hospitality, Swvl

The "Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • According to the publisher, B2C Ecommerce market in Egypt is expected to grow by 12.63% on annual basis to reach US$9.1 billion in 2023.
  • This report provides a detailed data centric analysis of B2C ecommerce market dynamics, covering over 100 KPIs in Egypt.
  • It provides market share by key players across key verticals along with sales channels (Platform to Consumer, Direct to Consumer, Consumer to Consumer).

Egypt B2C Ecommerce Market Opportunities Databook Q1 2023 Update: Featuring Amazon, Jumia, Noon, OLX & More

Retrieved on: 
Tuesday, February 21, 2023
Online, Entertainment, Medium, Disney Media and Entertainment Distribution, Semiotics of music videos, Clothing, Platform, Electronics, Foodservice, Travel, Health, Talabat, InDrive, City, Beauty, Health care, Amazon, Society for Accessible Travel & Hospitality, IHG Hotels & Resorts, Growth, Consumer, Wellness, Air travel, Book, OLX, E-commerce, Prepaid Payment Instruments in India, DiDi, Online shopping, Marketing, Jumia, Swvl, Hospitality, B2C

DUBLIN, Feb. 21, 2023 /PRNewswire/ -- The "Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 21, 2023 /PRNewswire/ -- The "Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • According to the publisher, B2C Ecommerce market in Egypt is expected to grow by 12.63% on annual basis to reach US$9.1 billion in 2023.
  • The Medium to long-term growth story of B2C Ecommerce industry in Egypt promises to be attractive .
  • This report provides a detailed data centric analysis of B2C ecommerce market dynamics, covering over 100 KPIs in Egypt.