Southeast Asia E-commerce Business Intelligence

March 04, 2018

ASEAN TO PROMOTE CROSS-BORDER E-COMMERCE WITH NEW FRAMEWORK

Countries in Southeast Asia will jointly promote the digital economy including the creation of a new cross-border e-commerce framework, ASEAN economic ministers agreed at a conference in Singapore last Friday. The move is designed to allow the region's businesses to better capture growth opportunities.

At a press conference, Singapore's minister for trade and industry Lim Hng Kiang said that ASEAN aimed to have "an agreement on e-commerce" that advances trade rules in e-commerce transactions and payments so that small and medium enterprises can sell their products more easily in the region. The ministers will also seek to promote an overall digitalization of the economy in the region. [Read more in EN]

March 02, 2018

 

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

February 28, 2018

SOUTHEAST ASIA B2C E-COMMERCE MARKET EXPANDS BY 28.5% IN Q4 2017

The online retail market in Southeast Asia region achieved positive growth from quarter to quarter. The Business to Consumer (B2C) E-Commerce market in Southeast Asia surpassed US$6 billion in Q4 2017, registering a quarter-on-quarter growth of 28.5%, according to Frost & Sullivan's Quarterly E-Commerce Market Program.

In the report, Indonesia remains the single largest B2C e-commerce market in the region and its Gross Merchandise Value (GMV) grew by over 25% during that quarter. Indonesia contributed to over one third of the SEA E-Commerce market (in terms of GMV), whereas other markets in the region with the exception of Thailand contributed double digits numbers. Thailand's B2C e-commerce market size is less than half of Indonesia. [Read more in EN]

March 02, 2018

DRAFTING OF MYANMAR E-COMMERCE LAW IN THE WORKS

Myanmar will aim to enact its first E- Commerce Law as part of its efforts to meet the goals set by the ASEAN Economic Community (AEC), U Toe Aung Myint, secretary of the Ministry of Commerce (MOC), said.

ASEAN members are targeting having an AEC that is highly integrated and cohesive with enhanced connectivity and cooperation by 2025. As such, the country will require strong legislation to govern the rising volume of domestic and cross-border e-commerce transactions, U Toe Aung Myint said.

“The government is in the process of drafting an E – Commerce Law to regulate online trading of goods and services to protect consumers and prevent fraud,” he said. [Read more in EN]

February 28, 2018

THAILAND’S PROJECT PLANNING SERVICE PRIMES ROLL-OUT OF PROFINCOIN

Project Planning Service Plc (PPS) is set to unveil Thailand's first securities initial coin offering (ICO) next month, with the raised funds expected to be preserved by a custodian bank.

The company joined Fintech Thailand Co Ltd and VeloPark Co Ltd in signing a memorandum of understanding on developing a fintech platform business and establishing Profin Group Co Ltd to facilitate project financing and serve as an ICO portal.

The move comes in preparation for the fund-raising process, valued at 500 million baht, for ProfinCoin. Each of the 500 million digital tokens will be sold at a value of one baht. ProfinCoin is scheduled to have a pre-sale period starting on March 15. [Read more in EN]

February 28, 2018

KRUNGTHAI CARD LINKS WITH VISA ON QR CODE PAYMENTS

Krungthai Card has joined with Visa to offer a service called KTC Scan to Pay Cross Border, saying the initiative promotes the development of a cashless society.

KTC will encourage some 1.6 million of its customers to download the mobile application by the end of this year.  The app allows customers to make payments by QR code in Vietnam and the company expects to expand services to India and Cambodia in the near future.

Tosapong Rangkawara, vice president of credit card business at KTC, said the firm also provides special privileges for transactions by limiting foreign-currency exchange fluctuation risks to less than 2 per cent. [Read more in EN]

February 26, 2018

PAYO SIMPLIFIES COD TRANSACTION FOR THE E-COMMERCE INDUSTRY IN THE PHILIPPINES

Payo, a gateway that manages and simplifies cash on delivery, has launched a new platform to simplify and improve the productivity of online businesses and enable them to take advantage of the e-commerce platform.

Ofri Kadosh, co-founder and chief executive of Payo, said that the full-suite of the new platform’s capabilities will help to minimize cancellations and increase revenues while allowing merchants to better navigate the process.

PAYO developed a platform that will allow for both the merchants and their consumers to experience better and faster COD transactions. Once the consumers start placing their orders, a pool of data scientists will then process every sale, as well as to record and analyze the clients order history. [Read more in EN]

February 26, 2018

INDONESIA'S GO-JEK RAISES $1.5 BILLION AS RIDE-HAILING MARKET HEATS UP

Indonesia’s Go-Jek has raised a higher than targeted $1.5 billion in a fundraising round from a dozen investors including BlackRock and Google as the ride-hailing firm builds its war chest to fight deep-pocketed rivals.

Go-Jek had planned last year to raise $1.2 billion, and, with the 25 percent extra funds it has received, it is now valued at about $5 billion. The additional funds and backing of well-known investors including Singapore’s Temasek Holdings and China’s Tencent Holdings will help Go-Jek to better compete in Southeast Asia’s market.

According to Reuters, some investments that came in this year were part of the funding round that kicked off last year and the funding was aimed at developing technology for micro, small and medium enterprises in Indonesia. [Read more in EN]

March 02, 2018

SINGPASS MOBILE APP WILL MAKE ONLINE TRANSACTIONS EASIER

Singaporeans will soon be able to log on to government services more easily, with the new SingPass Mobile application to be rolled out during the second half of this year.

Instead of carrying a physical token or waiting for SMS one-time-passwords, users will be able to enter digital platforms with a six-digit passcode or fingerprint. SingPass Mobile is part of the national digital identity announced last year, and will make transactions that already use Singpass simpler for Singaporeans.

GovTech is conducting internal trials for the mobile app, and will progressively roll it out for public use in the second half of 2018. Dr Vivian Balakrishnan, Minister-in-Charge of the Smart Nation initiative, said: "The new SingPass Mobile app will enable citizens to authenticate ourselves more quickly and conveniently." [Read more in EN]