The online cashback service recorded a growth of more than 150% in users and more than 200% in sales compared to 2018, and is poised to maintain the growth.
ShopBack achieves ‘hyper-growth’ for 1H19.
ShopBack sees as many orders in January 2019 as it did in December 2018.
MyCyberSale and 9.9 Rewards Day may boost e-commerce spend in September.
Claiming it has been experiencing “healthy growth,” the country manager of the Malaysian operations of Singapore-based cashback startup ShopBack is not entirely satisfied.
CardPow has officially launched its cashback programme, offering users cash when they spend on select outlet and brands.
India’s Getex joins the Malaysian cashback space and is confident it can lure customers despite the intense competition, saying it will empower consumers with cash incentives.
The online cashback concept is already popular in the UK and US, and ShopBack wants to scratch that itch in South-East Asia, believing that its partnerships with e-commerce giants like Taobao and eBay are key.
Singaporean startup company ShopBack is introducing a fresh and novel approach to online shopping, by providing Malaysian users cashback when they shop.