KPMG Kuwait launches new Advisory Services targeting E-commerce Companies
Kuwait , Kuwait
18 May 2021, 12:00 AM
31 May 2021, 12:00 AM
E-commerce was already one of the fast-growing sectors in Kuwait but it received a further boost as the series of lockdowns forced a change in consumer buying patterns.
At present, there are an estimated 150+ e-commerce companies in Kuwait, and most of them with less than two years of operations.
From analysis conducted with KNET in October 2020, KPMG in Kuwait found that transactions completed through payment gateways increased significantly compared to point of sales and ATM transactions, during the lockdown period in 2020, clearly indicating the way ahead for payments in Kuwait.
KPMG Kuwait’s services include e-commerce strategy, market assessments, feasibility studies, growth strategies, business plans and valuations, M&A advisory, accounting advisory, cybersecurity readiness, incident response, IT internal audits and cybersecurity audits.
Speaking on the launch of these services, Ankul Aggarwal- Partner Deal Advisory, KPMG in Kuwait, said, "Based on our frequent discussions with promoters/owners we have created a specific set of solutions for businesses looking to establish or grow their e-commerce operations. The purpose of these services is to help businesses realize their digital ambitions and objectives, while complying with local regulations. Our team has developed customized solutions for businesses across all the stages of maturity.”