Southeast Asia E-commerce Business Intelligence

September 06, 2017

August 30, 2017

WORLDREMIT EYES VIETNAM WITH SACOMBANK TIE-UP

Mobile and online remittance company WorldRemit signed a deal with Sacombank, one of Vietnam’s largest financial service providers, to expand its number of collection points in the country.

Following the deal, citizens in the country who receive funds through WorldRemit will be able to claim the cash at any of the bank’s 533 branches around Vietnam.

The agreement is the latest of a number of deals signed by the money transfer company in the last three months with banks and payment processing companies to expand the scope of its service. [Read more]

March 2017 - Present

Creation of an European Procurement Share Service Center for 1000 Points of Sales of a big Car repair Network.

France & Belgium

April 2017 - Present

Design the 5 years IT orientations which will support a agricultural company's international strategy.

France

July 2016​

Strategic review for the financial SSC of an agricultural company.

April 2016 - Present

Strategic plan and new Information Systems outlines for the Tunisian postal operator.

Tunisia

April 2016

Analysis of the market and its players for the Vietnamese mobile business.

OUR PROJECTS

September 05, 2017

FOREIGN WEBSITES DOMINATE VIỆT NAM’S ONLINE TOURISM MARKET

According to the Vietnam e-Commerce Association, online tourism was growing rapidly and might generate opportunities for the tourism industry to make breakthroughs. However, majority of the international tourists to Vietnam used services provided by the foreign booking websites, and even local tourists tended to make their bookings through foreign platforms, rather than the local ones.

One Vietnamese online travel agency gotadi.com said that the online room booking sector was dominated by foreign platforms, adding that two of them — agoda and booking — were together estimated to account for more than 80 per cent of the online hotel booking market.

According to a representative from another travel agency Vietravel, hotels preferred to co-operate with online travel agencies owing to their well-established brand value and the high ratio of revenue sharing. Besides these, the foreign firms had better financial capacity, so they can afford to reserve rooms in good locations. [Read more]

August 30, 2017

 

SCB PROMOTES CASHLESS SOCIETY WITH QR CODE PAYMENT SYSTEM

In response to the government's national e-payment strategic plan, Siam Commercial Bank (SCB) says it helping to promote the rise of a cashless society in Thailand by developing smartphone-based payment system with QR code technology.

The bank wants to encourage the public at all levels to adopt the new payment channel, which is now available.

“QR Pay will serve as a catalyst to boost payment system reform as it is simple and convenient with a common standard. It is also enables all small shops or non-store retailing operators, such as motorcycle taxis, to have access to a common payment system with QR Pay. SCB is confident that the new payment method will benefit the overall economy, while helping reduce payment costs for the country,” said Arak Sutivong, SCB senior executive vice president and chief strategy officer. [Read more]

September 04, 2017

BBL TO LEAD QR PAYMENT FOR DEBIT CARDS

Bangkok Bank (BBL) is set to be the country's first bank that offers quick response (QR) code payment for debit cards, with the service expected to be tested out in the Bank of Thailand's regulatory sandbox in the final quarter.

BBL executive vice-president and manager of credit card division Shoke Na-Ranong said the country's largest bank by assets has collaborated with local card network provider, Thai Payment Network (TPN) to develop the system.

Apart from debit cards, BBL plans to expand QR payment services to credit cards in the next phase. It will also add QR code payment features to allow customers to connect up to five debit or credit cards. [Read more]

September 02, 2017

AYALA GROUP COMPLETES ACQUISITION OF 49% STAKE IN ZALORA

The Ayala group has completed its acquisition of a 49-percent stake in Zalora Philippines, the country’s largest online fashion and lifestyle retailing platform, from Global Fashion Group (GFG).

“This acquisition allows Ayala to capture the growing opportunities in e-commerce,” Ayala Corp. said.

“This partnership will allow Zalora Philippines to keep investing in brand acquisition, marketing, and logistics infrastructure and will leverage Ayala’s key businesses representing some of the country’s leading companies in banking, telecommunications and retail business,” GFG said. [Read more]

September 06, 2017

FAVE INTRODUCES FAVEPAY MOBILE PAYMENT FEATURE

Fave, the popular deals and promo service provider, has introduced FavePay so customers can make purchases via its app at selected outlets without the need to have cash or credit card in hand.

To access the feature, users have to first set up their payment method, be it a credit card or online banking. Once completed, users can utilise FavePay at partnering F&B outlets in the Klang Valley, Malaysia.

“We foresee mobile payment as the next growth area moving forward with different payment methods such Samsung Pay, Alipay and Apple Pay available today,” says Chen-Head.

FavePay can be used at over 500 participating merchants in the Klang Valley and about 200 locations in Singapore. According to Neoh, the company plans to further expand its service nationwide in Q4 and overseas next year. [Read more]

August 30, 2017

MAS’ PAYMENTS COUNCIL TASKFORCE TO DEVELOP COMMON QR CODE FOR SINGAPORE

The Payments Council, which was established by the Monetary Authority of Singapore (MAS) recently, has set up industry taskforce to develop a common Quick Response (QR) code for Singapore (SGQR).

To offer a convenient way to roll out e-payments to cash-based merchants, the Council members have advocated the use of QR code-based payments. The Payments Council members include banks, payment service providers, businesses, and trade associations.

The Council members are of the view of that introducing a common QR code could facilitate payments among different payment schemes, e-wallets and banks. A common QR code is expected to help in making payment transactions simple, swift, seamless and safe. [Read more]

August 30, 2017

SINGAPORE'S DBS STARTS MOBILE BANKING IN INDONESIA

Singapore's largest bank by assets, DBS Group Holdings, launched Tuesday a mobile banking service in Indonesia, looking to tap into mobile-savvy millennials in Southeast Asia's largest country. 

The paperless and signature-less service uses a number of new technologies, including a virtual assistant powered by artificial intelligence that will generate answers to queries such as "What is my account balance?"

Customers in the Jakarta area who are registered with the Indonesian government's biometrics-enabled identification program can open an account without any paperwork, by arranging a meeting with a "digibank" agent. The service will also have an intelligent financial planning and monitoring feature that will help customers budget their expenses online. [Read more]