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FEATURE drastically along with the political, social & to practice more of e-commerce, safety

of data will be a bigger doubts in the
economic growth.
minds of customers.
“Will E-commerce Impact on the GDP Growth of
the country?” To ease of payment mode, CBB has integrated
multiple payment applications, such as
E-commerce was introduced with the Benefit Pay, B-wallet, Viva cash etc., This
objective to access the modern information will provide ease to the individual and have
technology. With all the drastic change seen the confidence of doing the purchases
on the audience/population, the Kingdom of online without worrying about getting his/her
Bahrain has decided to take advantage of information being compromised. Therefore,
e-commerce by providing online businesses the financial institutions should focus on
and services. Even though the main and promoting e-commerce will help the electronic
dominant aspect of Kingdom of Bahrain’s business, banking transaction and GDP grow
economy are oil and natural gas along with simultaneously.
the production of aluminium, yet e-commerce
plays a vital role in GDP growth (CIA, 2018).
If the Kingdom of Bahrain contributes to the
e-commerce businesses and invests on the
idea of going along with the world economy, it Dr. Muhammad Abrar ul haq
will affect the economic growth positively just Assistant Professor
like other countries. AMA International University-Bahrain
Email: abrarchudhary@hotmail.com
As per my opinions and analysis, e-commerce
have significant impact over the GDP growth
of the countries, which indeed require the
financial institutions to focus on improving in
multiple areas such as:

1. Security: Internet has eased the
customers life but it has multiple types of
risk. The entire transactions are based on
the submission of the information.
Exposing of passwords and card
numbers are routed through channels,
where hackers can find the loops to
crack it. As Apple openly fix the rewards
$1 million to public on hacking the
system, is one challenging way to find References
the defects to the system. https://www.sc.com/bh/campaign/talabat.html

2. The confidentiality of data: Data https://www.forbes.com/sites/thomasbrewster/2019/08/08/
management is one of the crutial tasks apple-confirms-1-million-reward-for-hackers-who-find-serious-
for all the business. If customers invest iphone-vulnerabilities/#605bd28d3948
cash in payment applications, will it
Responsibility for opinions expressed and the accuracy of facts
be safe! To encourage the customers published in this article rests solely with the author.
26 Bahrain Banks Directory 2020