One of the largest eCommerce markets in the region Malaysia’s internet penetration rate of 96.8% in 2023 is far higher than the rates prevailing in most other South East Asian developing nations. This puts Malaysia in a strong position to launch innovation-backed growth to capitalise on the country’s 33 million internet users. Malaysia, though a… Continue reading One of the Largest eCommerce Markets in the Region
Digital beyond social media The digital transformation of Indonesia is undoubtedly underway. For both its people and its government, this provides opportunities to be embraced. A rich network of users Roughly 66% of the population of Indonesia use the internet, as of 2022. According to WeAreSocial, internet usage averages more than 8 hours daily. It… Continue reading Digital Beyond Social Media
ASEAN governments empowering digital future Region offers huge potential for global online service providers. With a potential customer base of more than 670m people, the ASEAN region holds great promise for global digital platform providers as online access and incomes steadily rise in the region. Mobile-broadband subscriptions and internet usage now reach more than half… Continue reading ASEAN Governments Empowering Digital Future
Social Commerce a Must-Do to Reach Southeast Asian Consumers In Vietnam, an Instagram influencer with 252,000 followers is offering women a US$130 course to learn how to pose for pictures. These women in Hanoi have taken up this learning module not just to look good on social media but to attract brand partnerships. There… Continue reading Social Commerce a Must-Do to Reach Southeast Asian Consumers
The Rise of Telemedicine and E-Pharmacy in Southeast Asia Nine years ago, when digital health startup MyDoc launched in Singapore, there was strong resistance from both doctors and patients. They all preferred in-person consultations to digital ones. Cut to 2020. The pandemic hit the world, and digital services became crucial to healthcare. MyDoc opened its… Continue reading The Rise of Telemedicine and E-Pharmacy in Southeast Asia
The Race to Win the Metaverse Heats Up Among SEA Players Singapore billionaire Peter Lim’s 28-year-old son, Kiat Lim, is building a social networking app called ARC. But on the metaverse. This social media platform will host exclusive events and gaming zones for the virtual avatars of members where users either pay via non-fungible tokens (NFTs) or… Continue reading The Race to Win the Metaverse Heats Up Among SEA Players
NFT Artists Build Communities in Southeast Asia Malaysian rapper Namewee became an overnight millionaire in November 2021 by selling his new release ‘Fragile’ as aNon-Fungible Token (NFT). His collection sold for 209 ETH or roughly $845,000. He was probably taking cues from the March NFT sale by digital artist Beeple where the art sold for… Continue reading NFT Artists Build Communities in Southeast Asia
COVID Catapults E-Commerce to Dizzy Heights in ASEAN In Q2 of 2020, one of the clothing sites Zalora, recorded two million downloads of its app, about a 7-12% increase in share of new customers in revenue. Recently the company’s COO Rostin Javedi said that COVID-19 has changed shopping behaviour and it only looks brighter for online marketplaces… Continue reading COVID Catapults E-Commerce to Dizzy Heights in ASEAN
How Payments Industry and Solutions like WIBMO Fight Fraud Over the last decade or so, buyer behavior has shifted dramatically. A huge majority of consumers increasingly prefer to shop online rather than at traditional brick-and-mortar establishments. The pandemic has only accelerated the online transactions and all the commerce companies across Southeast Asia have benefited once… Continue reading How Payments Industry and Solutions Like WIBMO Fight Fraud
