In the U.A.E., 70% of payments to online retailer Sivvi.com (which sells 140 fashion brands, average ticket of €90) are by cash when delivered. In Saudi Arabia, this is 85%. “The business model is not efficient because we often do not know the reliability of the purchase, said Mohammed Alabbar, President of Emaar Properties. This can be a 12-year-old placing an order who will not be at home for delivery. As such, profitable operation becomes more difficult. If you want to have economies of...
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