Japanese businesses feel the potential challenges in Bangladesh include logistics issues, counterfeit products, lack of secure online payment systems, and issues related to regulatory framework and coordination, said Naoki.

Timely delivery is crucial for the success of e-commerce and facilitation of e-logistics is important, the envoy said.

If bKash succeeds further as a result of investment by Japan’s Softbank, investors will come forward to join the e-commerce bandwagon in Bangladesh, he was quoted as saying by Bangla media reports.

Fibre2Fashion News Desk (DS)