Amazon took BIN for its web services (AWS), the e-commerce is yet to reach Bangladesh!2 min read
Yesterday, we got informed about a groundbreaking update regarding Amazon and Google. The two global tech superpowers have registered for business in Bangladesh and obtained their Business Identification Number (BIN) from the National Board of Revenue (NBR) – a mandatory requirement for any business operating in Bangladesh.
Once the news got out yesterday, it was like a firecracker for the Bangladeshi audience. However, most of the audience group misunderstood the news and interpreted that Amazon has entered Bangladesh with its e-commerce business.
Well, this is not the case at least for now. Amazon has registered in Bangladesh under the name of Amazon web services Inc.
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This means all those comments and memes stating the Bangladeshi Ecommerce companies are about to get huge competition from the global leader is kind of misleading. Well, news-sharing platforms like us also have some blame to share here as well.
Having said this, there is one industry that is about to face huge competition- The online streaming industry. As it is an indication that Bangladesh is probably about witness the official entry of Amazon Prime Video.
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And, guess what? Amazon Prime Video uses the Amazon Web Service (AWS) Cloud as the underlying technology for all its services. AWS gives the platform the flexibility, elasticity, and reliability that it requires.
With Amazon web services entering Bangladesh, we can hope to see some real constructive competition and shift in the industry.
Lastly, this means Amazon has officially made its entry in Bangladesh with its web services and we can surely hope and assume that maybe in near future the global giant will also introduce its e-commerce business here. So, for now, the local e-commerce players can take a breather but it’s high time they should be prepared for the future when the day comes.
But guess what, either way, it’s good news for the consumers. For more updates, be with Markedium.