New digital trade platform Vendoo to launch in Georgia in 2019
Vendoo will offer a wide variety of products, rapid delivery and a flexible return policy. Photo: Vendoo.
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TBC Bank is initiating a new digital trade platform – Vendoo – which is planned to be launched in Georgia in February 2019.
The CEO of TBC Bank Vakhtang Butskhrikidze presented the project yesterday and said that TBC Bank is aiming to develop E-commerce in Georgia and supply clients with high-quality products.
Vendoo will offer a wide variety of products, rapid delivery and a flexible return policy. The delivery service will cover every corner of Georgia, including high mountainous places.
On the other hand Vendoo will provide a platform to small and medium entrepreneurs in Georgia as they will be able to distribute their products to Georgian customers online.
Butskhrikidze said that placing products on the site will be open to every entrepreneur, as they will have a ready online platform and stock, and well-organised logistics for electronic trade. The only expense for them will be the costs of their products and distributing them to the main warehouse of the company.
Based on our strategy we will reach up to 10 million customers in four years, meaning that we will operate not only in Georgia, but globally. At the first stage Vendoo will be tested in Georgia and after that we will enter different countries.
Georgia’s new Vendoo app will be based on the already existing company Swoop, which TBC Bank has recently purchased.
Georgia is strengthening its e-commerce industry in order to stimulate what is quickly becoming one of the world’s most important tools of modern trade. A new electronic commerce platform will soon be launched in Georgia that will allow the local population, including small and medium businesses, to order or sell products and services in Georgia as well as abroad, the delivery of which will be carried out by the Georgian Post.
Georgia’s capital of Tbilisi is hosting the World Customs Organisation’s (WCO) conference and exhibition devoted to the exploration of modern information and communications technology.
Georgia is working hard to establish itself as a growing hub for information and communication technology (ICT).
Georgian and international experts are working together to develop an e-Georgia Development Strategy and turn Georgia into an IT-based governance state.
The Georgian e-commerce market is growing as Covid-19 lockdowns have encouraged many to purchase online for the first time or increase the frequency of online purchases, while Georgian companies were forced to expand their online offerings, says Galt & Taggart in its latest report 'E-Commerce In Georgia'.