Southeast Asia E-commerce Business Intelligence

December 08, 2017

December 07, 2017

VIETNAM FIRST PEER-TO-PEER LENDING PLATFORM STARTS TRIAL

The VAY MUON Joint Stock Company launched a trial run of VayMuon.vn, the first online Peer-to-Peer lending platform in Vietnam, on December 5. Individuals seeking short-term, small loans can register online via their mobile phone.

VayMuon.vn automates the process of evaluating customer credit by collecting and analyzing big data based on artificial intelligence (AI). It allows faster decisions on approval and disbursement than traditional forms of consumer credit.

Ms. Dao Thi Trang , General Director of VAY MUON, emphasized that the security factor was the highest priority in the process of building VayMuon.vn. “Cash is transferred directly between the investor and the borrower via a third-party payment platform licensed by the State Bank of Vietnam, which helps ensure transparency and objectivity,” she said. [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

December 04, 2017

7-ELEVEN PHILIPPINES EXTENDS E-COMMERCE OPTIONS

7-Eleven Philippines is using its 2,100 stores to take e-commerce to the country’s mass market with an offering localised to Filipino consumers, according to Victor Paterno, the company’s CEO.

“30 million people, we estimate, live within a kilometre of a 7-Eleven and we send trucks to those 2,100 stores every day. We’ve got a very efficient and very low-cost supply chain,” Victor Paterno said.

7-Eleven’s highly efficient store delivery operation allows customers to receive goods purchased via online kiosks in 7-Eleven stores as soon as the next day in metro areas, and within just a few days in more remote areas. [Read more]

December 07, 2017

TAPAY – MALAYSIA’S FIRST COLLECTIVE-DRIVEN E-WALLET – TO BE LAUNCHED SOON

Local fintech solutions provider Fullrich Malaysia Sdn Bhd has partnered with Cyberview Sdn Bhd and Affin Bank Bhd to launch Malaysia’s first collective-driven e-wallet called “TaPay”.

TaPay is a mobile application that allows users to store loyalty cards within it, thereby reducing the need of having cash, credit cards, membership/rewards programme cards and receipts.

Speaking at a press conference today, Fullrich CEO Hudhaifa Ahmad said the service is at the pilot testing stage and will be launched after getting Bank Negara Malaysia’s approval. [Read more]

December 07, 2017

MALAYSIAN DIGITAL INSURANCE MARKETPLACE, FATBERRY.COM LAUNCHES

Malaysia’s digital insurance marketplace, FatBerry.com, was launched on Dec 6, providing Malaysians with an innovative way to get insured in two minutes. Fatberry.com is an insurtech start-up which encourages and helps users in finding and purchasing the best-fit insurance online through a fast and intuitive chatbot-like interface.

In conjunction with the launch, FatBerry.com also announced its partnership with Tune Protect Malaysia, the first agency online retail portal of the general insurance market in Malaysia. The partnership defines FatBerry’s and TuneProtect’s mission to empower consumers by providing an innovative digital purchase platform for insurance in this increasingly tech-savvy world. [Read more]

December 08, 2017

GRABPAY GAINS MALAYSIAN E-MONEY LICENSE

Southeast Asian ride-hailing app Grab has obtained regulatory approval to launch its mobile payment service in Malaysia. The e-money license was granted by the country's central bank, which is pushing for a shift away from hard cash transactions to mobile electronic payments.

Jason Thompson, managing director of GrabPay says: “Cash is still the most important payment method for many Malaysian SMEs and middle-class consumers, despite most adults having a deposit account. As one of the region’s most frequently used consumer apps with 72 million downloads, we are happy to work with Bank Negara to drive mass adoption of mobile payments in Malaysia and across Southeast Asia.”

GrabPay will be rolled out in stages to Malaysian consumers and SMEs from the beginning of 2018. [Read more]

December 05, 2017

BANK INDONESIA LAUNCHES NATIONAL PAYMENT GATEWAY

Bank Indonesia has launched the national payment gateway (NPG) as part of the e-commerce roadmap series. NPG is a system built by the central bank to actualise interconnectedness between switchings, as well as inter-operability of the national payment system. The general public will be able to conduct cashless transaction easily at a more affordable cost.

The other goal of the implementation of NPG is to increase consumer protection by securing data from each transaction. NPG was also developed to ensure supply and integrity of transaction data on national payment system, in order to support the efficacy of monetary policy transmission, the efficacy of intermediation, and the resilience of the financial system. [Read more]

December 07, 2017

 

INDONESIA BANS FINTECH FIRMS IN PAYMENTS FROM USING CRYPTOCURRENCIES

Indonesia’s central bank has issued a regulation banning use of cryptocurrencies by financial technology companies involved in payment systems, and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.

The regulation, signed in November but made public on Thursday, requires financial technology companies involved in processing payments, such as e-wallets, to register at Bank Indonesia to ensure virtual currencies are not used in payments.

The central bank said the new regulation aims to enhance governance over virtual currencies that could pose a big risk for the economy. [Read more]

December 07, 2017

AMAZON LAUNCHES ITS PRIME MEMBERSHIP SERVICE IN SINGAPORE

Amazon has launched its membership-based program Amazon Prime in Singapore, marking the US giant’s latest major incursion into the Southeast Asian ecommerce market.

The U.S. firm landed in Singapore in July initially offering Prime Now, its e-commerce service with an aggressive two-hour delivery window. From this week, however, it is offering its full Prime bundle which includes free international shipping on orders over SG$40 and subscriptions to its Prime Video service and Prime Twitch offering.

This launch will put pressure on Lazada, the e-commerce site owned by Alibaba, which is Amazon’s primary competitor in Southeast Asia. [Read more]