Even the people who have PCs and credit cards, all of them are still not buying on the Internet. So it is not an issue of only infrastructure. Infrastructure alone will not enable e-commerce there are other factors to it. Our research shows that people are still afraid of putting their credit card on the net. That is killing the B2C business today.
People still like to see the commodity and feel the commodity.
Infrastructure is a necessary condition but in my opinion it is not a sufficient condition. Sufficient condition is once the consumer's mindset is changed. Act of transaction is just one part of purchase process. There is data, which suggests that the financial sector is investing pretty high in the Internet sector. The percentage of the population that has Internet is also the one with higher investable surplus.