Amazon.com Inc will be bringing a US$600-million war-chest into Indonesia with its designs on the country’s e-commerce market, according to a local media report.
The South-East Asian startup scene is certainly booming but venture capitalists (VCs) in the region are just not keeping up, according to a report by Google Inc and Temasek Holdings.
While 250 million consumers are now connected via smartphones and 100 million engage in online transactions, e-commerce in SEA is proving to be a tough nut to crack due to constraints in the region’s logistics and payments infrastructure, according to a Bain-Google report.
Customers are the focus for banks and telcos when they talk about digital services, says Karamjit Singh.
Shopee Mobile Malaysia believes it has what it takes to be the among the top C2C e-commerce players over the next five years.
US-based payments technology and services solutions provider First Data and Australian-founded e-commerce company eWay have announced an alliance that they said would enable more Australian businesses to expand into Asia’s rapidly growing e-commerce markets.
MasterCard has announced record growth of its contactless payments technology, MasterCard PayPass, across the Asia Pacific, Middle East and Africa (APMEA) region in 2012, citing a 28% year-on-year (YoY) increase in merchant locations.
GHL Systems Berhad announced that its subsidiary GHL (Thailand) Co Ltd was recently appointed to manage an end-to-end mobile solution by Thailand Post Co Ltd.