Ipay88 Indonesia
This huge potential market has become a great chance for companies and brands to increase their revenue. While most men usually access information about politics, news, automotives, and sports. “The e-commerce (market) is poised to grow 30% growth year-on-year within the next two to three years. Hence to help these (businesses) to transition and adopt eCommerce, iPay88 has to have the ability to very quickly and effectively customise our online payment solutions to cater to unique operational processes of these businesses,” he said. So, I am very sure that the e-channel will be a new channel for them,” iPay88’s co-founder and executive director Chan Kok Long told reporters at iPay88 and NTT Data’s inaugural press conference yesterday. Besides Facebook, Twitter is the second most active social media used by Indonesian people with 2.4% of global tweets located from Jakarta, Indonesia. “This further expands and diversifies the company’s existing base of SME and large corporations, which are rapidly embracing eCommerce as a more significant way of their business operations,” he said. Among them are established brands such as Genting Resort World, Syarikat Air Negeri Sembilan (SAINS), Perbadanan Kemajuan Negeri Selangor (PKNS), The Star Publication, Bonuslink, Jobstreet, Tokio Marine, TuneTalk, and Digi. In the Philippines, iPay88 has four of the country’s largest conglomerates as its customers: SM Investments Corporation, Ayala Corporation, Bank of the Philippine Islands and Ramcar Group of Companies. iPay88’s existing customers include large conglomerates, GLCs (government linked companies), SMEs (small and medium enterprises) and SOHOs (small offices/home offices). “With the challenging times now, people would need to have additional channels to sell their products and services. “We can expect to invite more global merchants to join our online payment solutions through NTT Data’s global customer base,” he added, explaining that NTT Data has a presence in 176 cities in 41 countries and regions. Having secured more than 60 percent market share in its home country, Malaysian online payment company iPay88 has announced plans to dominate the region’s online payment sector. Regional expansion, customisation Chan added that some of the new regional customers that iPay88 has acquired in the last quarter include China-based Xiamen Airlines, KTM (Keretapi Tanah Melayu), Hilton Hotel, Padini and Tune Money. “This is driven by the country’s current position as the biggest eCommerce market in Southeast Asia, recording one of the highest ‘online transactions per capita’ in Southeast Asia.”As well as Malaysia’s rapidly expanding eCommerce sector, Chan reiterated that iPay88’s “biggest competitive factor for the company to stay at the leading edge is its Product Development capability.””Many physical brick-and-mortar businesses have their own supply chain and business model. In the Southeast Asian region, Chan said, iPay88 is in Malaysia, the Philippines, Indonesia, Vietnam and Thailand, and expanding into Cambodia, Myanmar and Bangladesh. He said the company today has over 60% market share in the payment gateway industry nationwide, with close to 8,000 customers using its proprietary online payment gateway system. Revolutionising the market Chan said that iPay88 has in plans to introduce new digital payment solutions, which will ‘revolutionize’ the market.”For example, we are seeing that the insurance sector is very fond of Email Payment or ‘Request for Payment’; while mPOS (Mobile Point-of-Sale) that is the leverage of smartphones as a payment device will totally revolutionize the playing field of sales and services agent-centric businesses such as multi-level marketing and F&B outlets,” he said. On its expansion plan, Chan said the deal with NTT Data, which was completed on Sept 4 this year, would provide a platform for iPay88 to reach out to larger corporations, and at the same time increase iPay88 brand awareness across Asia Pacific. “Today, after a consistent year-on-year customer base growth of about 25 percent during the last three boom years of eCommerce in this country, we can safely claim that iPay88 is the clear market leader and No.1 trusted choice that any business would look to partner with for all online payment gateway and digital transactional system,” he said. iPay88 provides a platform to collect and process online payments, via its wide range of payment options, such as credit cards, direct bank transfer, e-wallets, auto debit and mobile point-of-sale, while NTT Data handles IT services business for national and local governments, financial and telecommunication sectors.
Ipay88 Indonesia
INDONESIA MARKET FOR E-COMMERCE Indonesia will become one of the largest e-commerce markets in Asia. In Indonesia, seven Indonesian banks including Bank Central Asia (BCA), Bank Mandiri, Bank CIMB Niaga, Bank Internasional Indonesia (BII), Bank Danamon and Bank Muamalat Indonesia – have integrated iPay88 as part of their online banking facilities. Commenting on expansion plans, Chan cited a recent Forbes study, which said Malaysia’s eCommerce transactions value was expected to touch RM5 (US$1.19) billion in year 2015. Chan expects double-digit growth in e-commerce to continue this year and in the next two years, despite increased competition from new players. “There are a lot of physical outlets that still don’t have the e-channel (system). Chan said it will focus on rolling out its online payment solutions together with NTT Data, to four markets including Malaysia, Singapore, Thailand and Vietnam. For the year 2015, Chan expects a higher level of growth at 50 percent due to the strong general market move towards eCommerce adoption.”With an unwavering focus on Product Development and building a strong trusted network with Financial Service Providers such as banks, iPay88 is at an important crossroad which may see strategic partnerships to expand its brand exponentially across the regional market,” he said.
Ipay88 Indonesia
KUALA LUMPUR: Home-grown internet payment service provider iPay88 Sdn Bhd, which was acquired by Japanese IT group NTT Data Corp recently, has pledged to continue to grow its online payment business despite the country’s slowing economy. Most women use the internet to shop online and purchase their cosmetics, flowers or gifts, and also, foods. “This very unique capability has enabled iPay88 to win many new customers; and this is why we continually invest up to 30 per cent of our company’s total earnings back into Product Development and Research & Development (R&D) which is key to assist our customers jump onto the eCommerce bandwagon,” said Chan “iPay88 also has very strong customer base in the SEA regional market especially in Philippines and Indonesia, as they have been actively acquiring customers in those markets since its inception in 2006,” he added. Chan said the company’s strong position, with almost 8,000 customers already signed up, can be partly attributed to its proprietary online payment gateway system, which has been continuously enhanced since 2006. Why not prepare your brand to cater this massive need for simple, fast, and safe shopping?. Many companies and brands should activate and optimize their Social Media, because in fact, Indonesia is stated as the 4th largest Facebook populations in the world with the user access rate of 75% through mobile devices. So we need to continue to offer new services,” he added. Therefore, the economic slowdown will definitely lead them to go into the digital channel,” he added. As per 2014, internet users in Indonesia has approximately reach 100 Million users. “We are very fortunate to have the trust of many of the big name players like Lazada, Rakuten, as well as the newly launched 11street by Celcom-SK Planet and Logon by SinChew, to adopt iPay88’s online payment system for their bread and butter operations which is in eCommerce,” said Chan. Within 2014, e-commerce in Indonesia has already reached 2.60 billion USD and it will continue to grow in the future. Chan Kok Long, iPay88’s co-founder and executive director of iPay88, said up to 700 additional new merchant users will sign by end 2015.