Appetite for purchases through online platforms using cards declined in July this year from that a month ago, as people have become cautious in placing orders following a series of scams centring e-commerce companies having started to come to light.

Qcoom has suspended its physical operations after hundreds of customers thronged its office in Dhaka, demanding products or refunds amid the e-commerce platform’s failure to make deliveries within the promised dates despite receiving payments in advance.

President Abdul Hamid yesterday urged the Bangladesh Competition Commission to protect e-commerce customers from fraudulence. 

Appetite for purchases through online platforms declined in July from a month ago, as people became cautious in placing orders when a series of scams centring e-commerce companies started coming to the light.

Evaly is unlikely to be able to return the amount it took from customers in advance payment for goods, said Commerce Minister Tipu Munshi yesterday -- in a crushing blow to the rogue e-commerce platform’s hundreds of thousands of aggrieved buyers.

The High Court yesterday issued an injunction order restraining controversial e-commerce platform Evaly, which allegedly has liabilities of more than Tk 1,000 crore, from selling and transferring its assets until further order.

The commerce ministry will have to take the primary responsibility to support the customers who were conned by some rogue e-commerce firms, said Finance Minister AHM Mustafa Kamal yesterday.

E-commerce firmly began to put down roots in Bangladesh back in 2009 and since then has gone on to become a mainstay in the retail landscape.

E-commerce platform Daraz Bangladesh relaunched its dMart campaign yesterday to give customers a special opportunity to conveniently grab their daily essentials.

Bangladesh Competition Commission (BCC) yesterday warned e-commerce platforms that punitive measures would be taken over predatory pricing through abuse of dominant positions in the market and anti-competitive practices, including collusion.

E-commerce platform Daraz Bangladesh relaunched its campaign dMart from today to give customers a special opportunity to grab daily essentials conveniently.

The CEO of e-commerce site E-orange and two former owners of the company were recorded as arrested yesterday in a case filed over the embezzlement of around Tk 76.41 lakh.

Evaly has liabilities of upwards of Tk 700 crore to its customers and about Tk 250 crore to vendors, Mohammad Rassel, chief executive officer of the controversial e-commerce platform, told investigators.

The High Court yesterday pilloried the government for its failure to take action in good time against companies that embezzled people’s money.

Lured by hefty discounts at e-commerce platform Eorange, Md Sahedul Islam, a private firm employee with a Tk 15,000 monthly income, borrowed Tk 13 lakh from family members, relatives and colleagues to make advance payments for five motorcycles in May and another three in June.  

The International Finance Corporation (IFC) is going to invest $2.5 million in the digital trucking platform, Truck Lagbe, to connect people and corporate customers with truck owners and drivers through an app and a website in Bangladesh.

Aggrieved customers and sellers are now out to file cases against the controversial e-commerce platform Evaly, hoping to get back their hard-earned money.

Existing laws need to be amended while new ones formulated to establish a robust system of clear, enforceable rules creating obligations on e-commerce platforms to adhere to a set of uniform rules on payment and delivery.

The office of controversial e-commerce platform Evaly will remain shut until further notice as aggrieved customers and sellers continue to flock to the premises demanding their goods or refund.

Suppliers to Dhamaka Shopping today claimed the e-commerce platform owes Tk 200 crore to merchants.