30 Jun '15, 10am

Infrastructural kinks hold back Indonesia's booming e-commerce sector - Channel News Asia

Infrastructural kinks hold back Indonesia's booming e-commerce sector - Channel News Asia

JAKARTA: Ferry Tenka, CEO of Bilna.com, has babies on his mind. “Indonesia has a huge population of babies. We make five million babies every year,” he said. The 30-year old entrepreneur does not actually have any babies of his own, but he has brainchild Bilna.com, an online shop selling everything baby - from strollers, to toys to an endless supply of nappies. The site launched just 2.5 years ago, but is already Indonesia’s largest baby e-commerce site. Tenka says Bilna does 700 transactions a day and is growing 15 per cent every month. Revenues in May were close to US$900,000, but he says growth could be better if some infrastructural kinks are worked out. One problem is online-payments. “Payments now is very scattered,” said Tenka. “We have bank transfers, we have cash on delivery, we have credit cards, we have internet banking. So for us, as an e-commerce player, we ha...

Full article: http://www.channelnewsasia.com/news/business/infrastructu...

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