Society Pass Inc. is on track to take advantage of the fast-growing digital marketplace in Southeast Asia through strategic acquisitions.

The regional market has grown to 400 million internet users, up 40 million in just two years, according to a recent survey by Alphabet Inc.’s Google, Bain & Co. and Temasek Holdings Ltd.. The report also predicts explosive expansion in regional e-commerce to a projected $120 billion this year — a 62% hike from 2021. Long term, that growth is expected to nearly double to $234 billion by 2025.

Society Pass (SoPa), headquartered in Singapore, has worked since 2018 to capture that growth through its e-commerce platforms and targeted acquisitions. As an example of the latter, the company in 2019 added to its merchant-facing business – where historically most of its revenues had been generated – by acquiring #HOTTAB, a provider of software and hardware solutions to merchants, including point of sale and payments. The provider also enables merchants to manage marketing, technology, financing and many other services. 

Read the full article here

Acquisitions Driving Strong E-Commerce Growth For Society Pass In Southeast Asia

Society Pass Inc. is on track to take advantage of the fast-growing digital marketplace in Southeast Asia through strategic acquisitions.

The regional market has grown to 400 million internet users, up 40 million in just two years, according to a recent survey by Alphabet Inc.’s Google, Bain & Co. and Temasek Holdings Ltd.. The report also predicts explosive expansion in regional e-commerce to a projected $120 billion this year — a 62% hike from 2021. Long term, that growth is expected to nearly double to $234 billion by 2025.

Society Pass (SoPa), headquartered in Singapore, has worked since 2018 to capture that growth through its e-commerce platforms and targeted acquisitions. As an example of the latter, the company in 2019 added to its merchant-facing business – where historically most of its revenues had been generated – by acquiring #HOTTAB, a provider of software and hardware solutions to merchants, including point of sale and payments. The provider also enables merchants to manage marketing, technology, financing and many other services. 

Read the full article here