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Technology | ECOMMERCE

Unlimint Teases Launch of New Product Division and Its Plans to Disrupt the Ecommerce Market In 2022

Nov 04, 2021   •   by   •   Source: Proshare   •   eye-icon 1633 views

Thursday, November 04, 2021 / 3:15 PM / By Unlimint/ Header Image Credit: Unlimint

 

Global fintech Unlimint, this year's media village sponsor ofWeb Summit, announced its plan to launch its own eCommerce platform forbusinessmen looking to increase their global digital presence and expand thecompany's clientele to SMEs by end of 2022.


This announcement opens a new chapter in the company'sbusiness development strategy, appeals to its mission "to be ready fortomorrow" and happens at a time when the eCommerce industry is experiencing ahuge growth spurt.


With the share of global eCommerce sales expected to reach a whopping21.8% in 2024 and regions like Latin America and APAC seeing incredible double-digiteCommerce growth in these past 2 years, the industry is at its all-timehigh and will continue developing at record speed.


"The world has changed. While European merchants have easyaccess to any type of solution they need, merchants in developing countriesstill require high-quality tools for their businesses. That's why we have setourselves on a mission - make eCommerce affordable and available for merchantsworldwide and allow them to earn an unlimited amount of money, selling theirgoods online, without marketplaces and other middlemen.", commented AlexAntonov, Unlimint's Chief Product Officer.


"We believe in a free market and are certain that theInternet still has space for new sellers, as the availability of choice andcompetition at the end of the day makes the end customer happier. To make ourmission a reality, we are creating a product that will allow anyone to opentheir own online business, without big budgets and programming skills. Ourproduct will be self-sufficient, comfortable, reliable, and honest, one that wewould want to use ourselves and would recommend to our friends and partners.", headded.


"According to our observations, eCommerce platforms that currently existin developed countries offer an entry threshold that is quite high formerchants in developing countries, while marketplaces are either unavailable orprovide conditions that limit the business's expansion.


Proshare Nigeria Pvt. Ltd.


By "entrythreshold", we mean the requirement to pay a certain fee for a servicesubscription, before the business actually starts earning money and bringing inprofit, as well as difficulties with connecting other external paymentproviders, due to a usually limited geographical span and portfolio of paymentsmethods." Noted, Unlimint's CEO, Kirill Evstratov.


"We are entering a highly competitive market that has several strongplayers. Nevertheless, we are certain that our product has a clear targetaudience, as we are focusing it on developing markets, where current industryleaders are still not dominating because their services aren't alwayscustomized for the local audience's needs. We are ready to offer a pricingmodel, that will make our product more interesting to that audience.


We areready to offer more profitable options of cooperation than our competitors. Ontop of that our product will include all the functions needed to start doingbusiness online. It will be a one-stop-shop solution that eliminates any otheradditional external products."


The official launch of the platform is scheduled in the second half of2022.


Proshare Nigeria Pvt. Ltd.

 

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