The company’s first integrated payment system is powered by DBS, Stripe and Visa.
A report by Credit Suisse reveals that the entry of Chinese tech giants into the Asean region is helping develop its e-commerce and payments sectors.
South-East Asia is poised to become one of the world’s fastest-growing regions for e-commerce revenues, exceeding US$25 billion by 2020 despite several acquisitions, market exits, and many online retailers struggling to achieve profitability.
SingPost attributed its strong revenue growth to its continuing expansion into e-commerce and logistics activities, as well as contributions from new subsidiaries.
SingPost has announced an updated organisation structure based on four pillars, saying that it has entered “a pivotal stage of its transformation journey.”
SingPost, through its indirect wholly-owned subsidiary TG Acquisition Corp, is acquiring 96.3% of TradeGlobal Holdings Inc from TradeGlobal Parent LLC, which is owned by the private equity firm Bregal Sagemount, for US$168.6 million (or approximately S$236 million).
SingPost’s recent test flight using a drone to deliver a package has got industry tongues wagging in optimism, but the question remains whether drone delivery will become viable enough in the future, writes Benjamin Cher.
SingPost, through its indirect wholly owned subsidiary SP Jagged Peak LLC, has entered into an agreement to acquire a 71.1% equity stake in Jagged Peak Inc for US$15.8 million (approximately S$22.5 million).
At the recent Forrester CMO + CIO Conference 2015 in Singapore, SingPost's Timothy Lee laid down a few laws to guide other companies in their digital transformation journey, reports Benjamin Cher.