Tag "e-commerce"
5 E-Commerce Payment Trends to Watch out for in 2021
COVID-19 has accelerated consumers’ shift to digital channels with online shopping volumes reaching new highs around the world. In Southeast Asia, e-commerce has emerged as the growth engine for the region’s digital economy, growing 63% to reach US$62 billion in
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Singapore Organizations Adopt AI, ML Amid COVID-19 Induced Uncertainties
Amid the COVID-19 pandemic, Singapore businesses are turning to artificial intelligence (AI) and machine learning (ML) to manage consumer credit risk and deal with economic uncertainties, according to a new research by information services company Experian. Experian, which surveyed 3,000
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Unpacking the E-commerce Landscape in Singapore
Singapore is one of the world’s richest countries. The country’s wealth is mostly due to its low unemployment rate, stable economy, superfast internet speed, and a vibrant e-commerce marketplace. Singapore enjoys the fastest-growing e-commerce industry in Southeast Asia, with projections
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E-Commerce Firms May Be in The Forefront of South East Asia’s Digital Banking Revolution
In a new report released by S&P Global Market Intelligence earlier this month, the financial information services provider says that for both new digital banks and incumbent banks, affiliation with technology platforms serving large pools of consumers and small businesses
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Southeast Asia’s Booming Internet Economy to Boost Fintech Growth
Southeast Asia’s Internet economy is booming, driven by the ubiquity of mobile phones, rising Internet penetration and a growing middle class, according to a new report by Google, Temasek and Bain & Company. In the e-Conomy SEA Report 2019, released
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UOB Expands Their 15-Minute Loan Approvals for SMEs with OctoRocket
With the signing of a memorandum of understanding, UOB will enable small businesses that use OctoRocket for at least six months to apply for financing directly on the platform itself. Instead of relying on a small business’ financial statements, the UOB
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E-Commerce In SEA Study: Vietnam Leads In Conversion Rate; Singapore Is The Biggest Spender
E-commerce is on the rise in Southeast Asia with more than US$10 billion worth of goods being purchased online in 2017, almost the double of 2015’s Gross Merchandise Value (GMV) of US$5.5 billion. According to a study by iPrice titled
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Southeast Asia on track to realizing $200 billion internet economy by 2025
In last year’s “e-Conomy 2025 Southeast Asia” report, Google and Temasek examined the incredible growth in Southeast Asia’s internet economy. Fast forward 18 months later, it turns out that Southeast Asia’s internet economy growth has exceeded expectations. The region’s internet
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Singapore Prefers Local When It Comes To Online Shopping – But Could Amazon’s Entry Change That?
The love of Singaporeans for shopping is no secret – but they are used to navigating vast malls and handpicking their favourite brands. E-commerce has really taken off in the last few years, as you can tell by the recent
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PayPal Incubator’s First Batch of Startups, This Are The 3 Fintech Graduates
After nine months with Paypal Incubator, the inaugural batch of Singapore 3 startups have graduated. PayPal launched its first startup incubation program in Singapore in July 2016. The nine-month program aims to develop and nurture the next generation of
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