Overall, the region’s gross merchandise value (GMV) grew 23% from 2018 to 2020, faster than that of China, India, and the US.” “There is a large untapped potential in the fastest-growing e-commerce market in the world. Terence Pang, chief operating officer of Shopee, highlighted the opportunity in building a digital-first business in Southeast Asia. As the young and tech-savvy population comes online, the region is shaping to become one of the fastest growing e-commerce market globally. Southeast Asia is still at the nascent stage of growing its digital economy. Among recent players aiming to expand their business is Shopee, an e-commerce platform in Southeast Asia and Taiwan. Tencent, Alibaba, Grab, and GoJek are some of the companies that have leveraged their platforms and succeeded to scale their ecosystem of services. In the digital era, companies are establishing their own super apps or super platforms to grow beyond their core business and expand to other services. Tapping the potential of e-commerce market Shopee and Visa sign five-year strategic partnership to power the digital growth in the region and provide services for MSMEs to digitalise their businesses.Shopee’s mobile-first approach aims to enable digital payments in Southeast Asia and strengthen its merchant ecosystem.More businesses are shifting towards building a super platform as consumers adopt contactless transactions and engagements.
Financial Services and Related Research Sources.The Heads of Retail Finance Virtual Meeting.Bank Managers' Challenge and Convention.Excellence in Retail Financial Services.TAB Finance Diary of Events (Full Event Diary).The Best Retail Financial Services Rankings.
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