E-commerce

WhatsApp Puts Focus on Small Businesses; Bets on Social Commerce and Chat-Based Experiences

Social networking giant Meta Platforms is targeting opportunities related to commerce and payments, leveraging on the popularity of WhatsApp in emerging markets to establish the messaging app as a core communication tool and sales channel for small businesses. This ambition

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Tokenization Becomes the Norm in Online Payments

Southeast Asia’s digital economy is booming, driven by an extraordinary shift in consumer behavior, soaring digital consumption and the rise of digital merchants. But this explosive growth is also attracting criminals and putting merchants, banks and consumers at risk of

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Unlocking APAC’s Cross-Border Commerce Opportunity with Embedded Payments

In Asia Pacific (APAC), the rapid development of cross-border e-commerce has fueled demand for cross-border payment capabilities and embedded financial solutions as small, online businesses embrace digital technologies to broaden their reach and go global, a recent report by Currencycloud

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Singapore Maintains Position as ASEAN’s Hub for Cross-Border E-Commerce Platforms

Across the Association of Southeast Asian Nations (ASEAN), Singapore has become the central hub for cross-border e-commerce platforms, favored by industry players for the forward-looking planning and deployment by the government of an advanced digital economy ecology, as well as

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China, India and Indonesia Record Highest Digital Wallet Adoption Rates Across APAC

Across Asia Pacific (APAC), China, India and Indonesia are leading the region in digital wallet adoption. A new report by business payment company PPRO found that in these three markets, online shoppers prefer using e-wallets such as Alipay, Paytm and

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E-Wallet Adoption in E-Commerce Still Low Despite Growth in Mobile Users

Across Southeast Asia, mobile phone usage is booming, driving with it the rise of mobile commerce. In Singapore and Malaysia, more than 50% of e-commerce traffic comes from smartphones, a new survey by Stripe found. The study, which polled consumers

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Card-Not-Present Fraud Escalates Amid Sudden Surge in Online Shopping

The sudden surge in e-commerce activities has brought with it a rapid rise of card-not-present (CNP) fraud, costing e-commerce merchants an estimated US$35.54 billion globally in 2020, a new report by Forrester says. According to the “How to balance risk

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Bezos-Backed E-Commerce Firm Ula Bags US$23.1 Million in Series B Extension

Indonesian B2B e-commerce marketplace Ula announced that it has secured an additional US$23.1 million funding in an extension of its Series B funding round from American investment firm Tiger Global. Binny Bansal, co-founder of Flipkart also participated to complete Ula’s

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Bot Attacks Are on the Rise in APAC and They Are Targeting Online Shoppers

Asia-Pacific (APAC) continues to see higher attack rates in comparison to global figures, a trend that’s been sustained by the ongoing digital shift induced by COVID-19. According to LexisNexis Risk Solutions’ latest biannual Cybercrime Report, H1 2021 was marked by

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Indonesian E-Commerce Firm Ula Bags US$87 Million From Jeff Bezos, Tencent

Indonesian B2B e-commerce marketplace Ula has raised US$87 million in a Series B funding round co-led by Prosus Ventures, Tencent and B-Capital. The trio are joined by Amazon founder Jeff Bezos’ Bezos Expeditions, and Southeast Asian funds Northstar group, AC

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