E-commerce
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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In Southeast Asia, New Digital Habits Boost Digital Payments and Consequently Fraud
COVID-19 has sparked a global spike in e-commerce sales and online businesses as lockdowns force consumers to turn to online channels to shop. As everyone embraces e-commerce, cashless payment methods including cards and digital wallets have surged, bringing with it
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APAC E-Commerce Customers Embrace Digital Wallets and Buy Now, Pay Later
In Asia Pacific (APAC), customers are embracing new payment methods such as digital wallets and buy now pay later (BNPL) arrangements for their online purchases, found a new research by Stripe in partnership with Edgar, Dunn & Company. A survey
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Alibaba Taps Payments Firm WorldFirst To Boost Singapore SMEs’ Overseas Expansion
Alibaba Group’s B2B marketplace Alibaba.com has partnered with WorldFirst, a international payments platform, to help Singapore’s small and medium-sized enterprises (SMEs) bolster their digital presence and expand their sales internationally. WorldFirst will become Alibaba.com’s official channel partner in Singapore, helping
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