Southeast Asia E-commerce Business Intelligence
March 15, 2017
Strategic review for the financial SSC of an agricultural company.
Strategic plan and new Information Systems outlines for the Tunisian postal operator.
Analysis of the market and its players for the Vietnamese mobile business.
Creation of an internal headhunting company for a big agricultural company (US$ 6 billions).
Launch of the weekly ASEAN e-commerce Business Intelligence report. <See more>
March 04, 2017
VIETNAM'S E-COMMERCE MARKET SET TO SWELL 150% IN 5 YEARS
The Vietnamese e-commerce market is expected to soar 150% to $10 billion by 2022, thanks to broader adoption of smartphones and growing use of Facebook as an online marketplace.
The market stands at $4 billion has been expanding around 20% per year. The growth estimate comes from the Vietnam E-commerce Association. Annual Vietnamese e-commerce spending per capita rose 22% to about $160 last year, with many shopping for big-ticket items such as appliances and imported clothing. [Read more in EN]
March 06, 2017
USED CAR PLATFORM CARAMO RAISES FUNDING
Vietnam’s first used car online trading platform Caramo.vn has announced that it has raised an undisclosed funding from VietnamWorks’ founder Jonah Levey.
Cong Tran, founder and CEO of Caramo, said, Vietnam’s used car market was estimated at $3 billion. Yet the country had not seen application of technology to enable trouble-free trading process for both sellers and buyers, he added.
Caramo is also raising a seed round to facilitate its operation, as the startup is still in a pilot phase. While the service is free for buyers, Caramo earns a fee from the sellers upon successful transactions.
“We have received 65 requests of buying and selling, nine signed contracts and two completed transaction. Caramo is helping buyers and sellers to the end of trading, not listing used cars only,” Tran said. [Read more in EN]
March 07, 2017
VISA’S QR-BASED PAYMENT TO SOON LAUNCH IN INDONESIA, VIETNAM
Visa will soon be expanding its QR-based payment service to ten other markets. The service, named m-Visa, is now live in India, Kenya and Rwanda, and will soon be available to merchants and consumers in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam.
mVisa, a mobile solution, aims to provide easy and secure digital commerce to financial institutions, merchants and consumers in emerging markets.
mVisa aims to help merchants use their mobile phones to make cashless purchases at merchant outlets, pay bills remotely and send money by securely linking their Visa debit, credit or prepaid account to the mVisa application. It digitizes the underlying account and allows consumers to transfer funds from their account to the retailer’s account reliably and securely by scanning a QR code. [Read more in EN]
March 06, 2017
DHL ECOMMERCE EXPANDS DELIVERY SERVICE FOR SMALL E-COMMERCE MERCHANTS IN THAILAND
DHL E-commerce, a unit of Deutsche Post DHL Group, has expanded its logistics service in the Thai market with nationwide coverage and price-competitive business-to-consumer (B2C) international shipping.
There is also pick-up service for small e-commerce merchants and the 2.7 million small and medium-sized enterprises (SMEs) in Thailand where online sales are growing rapidly, according to Kiattichai Pitpreecha, Managing Director, DHL eCommerce Thailand.
The company launched its nationwide delivery in the country in January 2016 and has since offered access to B2C international cross-border shipping and pay-per-use fulfillment solutions to local businesses. [Read more in EN]
March 02, 2017
SHOPEE COUNTING ON PHONES TO PROLIFERATE M-COMMERCE BOOM
Shopee, Southeast Asia's leading online marketplace, is riding the staggering growth of mobile commerce in the Thai market and aiming for a second straight year of double-digit growth.
"Mobile commerce (m-commerce), or purchasing through mobile devices, will be inevitable among Thai online shoppers over the next five years because Thailand is a mobile-first country," said Terence Pang, chief operating officer of Shopee.
Shopee Thailand expects to maintain strong double-digit growth as the company strives to solidify its leadership position in the m-commerce market in the region. The company will continue to focus on optimising the product portfolio, improving end-to-end user experience and empowering entrepreneurs to expand and grow their online businesses. [Read more in EN]
March 03, 2017
SELFIE-PAYMENT NOW AVAILABLE IN THE COUNTRY
New EON mobile app uses facial recognition to verify online transactions has been launched in the Philippines. EON has developed an easy-to-use and secured mobile app allows customers to receive payments without going to a bank and set an account or purchase stuff online.
“This is the first selfie-banking implementation in the Philippines, the other banks have not even gone to that extent, the farthest they have gone to is touch ID,” said Paolo Eugenio Baltao, Senior Vice President, Head of Business Transformation, Transaction Banking Group.
Fingerprint scanning technologies are limited to certain devices, unlike front-facing cameras, which are virtually in every smartphone on the market. “That’s why we went into selfie banking. All mobile phones have front-facing cameras,” Baltao said. [Read more in EN]
March 05, 2017
ANT FINANCIAL ENTERS THE PHILIPPINES WITH MYNT LIFELINE
Ant Financial Services Group is making its first foray into the Philippines via partnership with Ayala and investing into Globe Telecom’s Fintech business unit Mynt.
The fresh capital infusion will help Mynt achieve its vision of becoming a world-class online and offline payment provider as well as scale up its mobile wallet services and quickly expand its digital financial services.
Upon closing of the transaction, Ant Financial, will own a substantial minority interest in Mynt while Ayala Corp will acquire a minority interest. GCVHI will hold the remaining equity interest. [Read more in EN]
March 03, 2017
MINISTER URGES MALAYSIAN SMES TO ADOPT E-COMMERCE PLATFORM TO STRENGTHEN EXPORTS
Malaysia International Trade and Industry Minister Datuk Seri Mustapa Mohamed has urged Malaysian Small and Medium (SMEs) enterprises to adopt the e-commerce platform to strengthen exports. The minister said e-commerce is expected to grow at a rate of nearly 20 per cent by 2020 and Malaysia could exceed the target.
“We want to enhance the e-commerce adoption. Our focus is getting SMEs to be on the e-commerce platform as it is almost compulsory for every business to be part of it,” he added.
Mustapa said said with the increasing penetration of the Internet and millions of digitally-empowered consumers worldwide with computers, tablets and smartphones, the digital economy presents unprecedented opportunities for Malaysian businesses to achieve scale and serve customers globally. [Read more in EN]
March 01, 2017
SINGTEL AND LAZADA PARTNER TO BOOST E-COMMERCE ADOPTION IN SINGAPORE
Singtel has partnered Lazada Singapore, a premier online shopping website to launch the 99% SME e-marketplace.
It is a dedicated portal hosted on Lazada.SG for local SMEs to advertise their offerings and tap on a wider online customer base. Singtel and Lazada’s partnership is the first in Singapore to support local SMEs to operate in the fast-growing e-commerce market.
Singtel Group Enterprise chief executive officer Bill Chang (pic) said, “The 99% SME e-marketplace, which augments our nationwide 99% SME campaign, provides SMEs with an online marketing platform with no additional on-boarding costs to better scale their businesses in the e-commerce space. This is also in line with the Committee on the Future Economy’s call to help SMEs adopt digital technologies.” [Read more in EN]
March 08, 2017
FAVE ACQUIRES GROUPON SINGAPORE TO CONTINUE ITS PIVOT TO E-COMMERCE
Online-to-offline (O2O) e-commerce company Fave on Wednesday announced its acquisition of deals and discounts platform Groupon Singapore.
The acquisition will help to drive growth for Fave's local businesses across South-east Asia, the acquirer said. It did not disclose how much it paid. The latest acquisition of Groupon Singapore's business follows similar acquisitions of Groupon Indonesia and Malaysia in 2016.
"Thus far, Groupon Malaysia has been fully integrated into Fave, while Groupon Indonesia is set to follow suit in the coming months. Groupon Singapore will see a similar integration into Fave by mid-2017. The transaction is expected to close later this week," Fave said. [Read more in EN]