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Society Pass(NASDAQ: SOPA)
E-commerce, made possible by the internet, is still booming.Businesses like Amazon.com Inc. (NASDAQ: AMZN), eBayInc. (NASDAQ: EBAY), and Shopify Inc. (NYSE: SHOP) aresoaring, with more people ordering products online than buying them instores.
While mostbusinesses nose-dived during the COVID-19 pandemic, movementrestrictions induced by the pandemic fueled online retail sales.Online sales grew from 16% to 19% in 2020, with Southeast Asiancountries significantly contributing to the growth, according tonumbers in a UnitedNations Conference on Trade and Development report .
Southeast Asia, whichincludes countries like Philippines, Vietnam, Singapore and Malaysia,is home to more than 681 million people — 47% of whom prefer onlineshopping, with about 144 million people regularly purchasingonline.
E-Grocery Boom
Consumers can shop online from anywhere and choosefrom a wide array of products such as groceries to be delivereddirectly to them. Online grocery, or e-grocery, shopping has also beengaining momentum for some time.
The e-grocery market is quickly expandingthroughout the world, with players like Uber Technologies Inc. (NYSE:UBER), Instacart, Amazon Fresh and Fresh Direct serving customers inNorth America and Europe.
Southeast Asia is also seeing significant growth in thee-grocery market. A breakdown of the market by IGDAsia indicated:
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Asia, the largest regionalgrocery market in the world, is expected to grow by a compound annualgrowth rate (CAGR) of 6% between 2018 and 2023.
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The grocery market will be worth $4.2trillion by 2023, up from $3.1 trillion in 2018. Its share of globalgrocery spending will be 37% in 2023, adding around $1.1 trillion tothe worldwide grocery market.
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China, India and Indonesia will be the biggestcontributors to the region’s top-line growth, accounting for 74% ofnew sales added by 2023.
A Convenient GroceryDelivery App?
That level of growth could be a boon for a company like Pushkart.ph , an online groceryservice started in 2017 that delivers fresh goods to consumers who useits feature-packed app.
Pushkart’s platform wasdeveloped by a group of young Filipino millennials whose goal was toensure fast, convenient and safe grocery delivery to customers’doors.
From DayOne, Pushkart.ph — available onthe web , GooglePlay Store and the AppleStore — said that in addition to serving consumers, it wantsto be the platform of choice for retailers and help them sell theirproducts quickly without learning the technicalities of running adigital platform or managing a logistics fleet.
From a single flagshipfulfillment center at Fisher Supermarket ,which has been operating since 2017, the platform is now supported bythree additional hubs: Market!Market! , AyalaMalls Feliz , and AllDay Supermarket — GlobalSouth .
What Makes Pushkart.ph Say It’sConfident It Stands Out From The Rest?
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Consumers — The company wants to bring value toconsumers by allowing them to shop for their basic needs anytime fromanywhere they want while sparing them from heavy city traffic or thehassle of carrying heavy bags of groceries.
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Companies — The company wants tomake it easy for corporate clients to purchase every office pantrysupply they need from a single source and with the convenience ofhaving flexible payment schemes.
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Merchants — The company plans to empower retailers toreach the online market by giving them the means to easily transformtheir shops to include digital sales.
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Society — Thecompany wants to bring more jobs through onlinecommerce.
Pushkart.ph is a divisionof the Society PassInc . ( NASDAQ:SOPA ) , a Southeast Asian acquisitions-focusede-commerce holding company .
Currently operating sixsubsidiaries, SoPa plans to expand to more than 10 more subsidiaries in eight verticals— loyalty, merchant software, lifestyle, food and beverage delivery,travel, digital advertising and telecoms — by the end of 2022.
Since its inception in2018, SoPa has amassed over 1.6 million registered consumers and over5,500 registered merchants and brands on its platform.
Apart from Pushkart.ph,SoPa provides merchants with #HOTTAB Biz ,lifestyle e-commerce through Leflair.com and Handycart.vn , a leadingonline restaurant delivery service based in Hanoi, Vietnam. Inaddition, SoPa operates Gorilla Networks , aSingapore-based, blockchain/web3-enabled mobile virtual networkoperator.
About SocietyPass (NASDAQ: SOPA )
As aloyalty and data marketing ecosystem, Society Pass operates multiplee-commerce platforms across its key markets in SEA. Its business modelfocuses on analysing user data through the expected launch of itsSociety Pass loyalty platform and circulation of its universal loyaltypoints, which seamlessly connects consumers and merchants acrossmultiple product and service categories to foster organic loyalty.Since its inception, SoPa has amassed over 1.6 million registeredconsumers and over 5,500 registered merchants/brands on its platform.It has invested 2+ years building proprietary IT architecture withcutting edge components to effectively scale and support itsconsumers, merchants, and acquisitions.Society Pass provides merchantswith #HOTTAB Biz and #HOTTAB POS – aspecialized POS technology solution, a comprehensive system forpayment, loyal customer management, user profile analytics, andconvenient financial support packages for small and medium-sizedenterprises.In addition, SoPa operates Leflair.com , Vietnam’s leadinglifestyle e-commerce platform, Pushkart.ph , a popular grocerydelivery company in Philippines, and Handycart.vn , a leading onlinerestaurant delivery service based in Hanoi, Vietnam.
For moreinformation, please check out: http://thesocietypass.com/.
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