Disruption and Digitalisation

Cross-border sales make up more than a third of Singapore businesses' e-commerce revenue: Visa study

SINGAPORE (Dec 19): International sales now account for an average of 35% of revenue of Singapore e-commerce businesses, according to a study published Thursday by digital payments giant Visa Inc.

Joint ventures and alliances

Citi, Lazada launch co-branded credit card targeted at millennial consumers

SINGAPORE (Dec 9): Amid the growing purchasing power of millennial consumers in Singapore and the rising number of online shoppers, Citi and Lazada Group have jointly launched the Citi Lazada credi

Startups • Entrepreneurs • Digital economy

Singapore-based start-up that gives loans to online shoppers scores US$500 mil valuation

SINGAPORE (Dec 3): FinAccel Pte, which extends credit to online shoppers in Indonesia under the Kredivo brand, has raised US$90 million ($123 million) of expansion capital in a fundraising round va

Disruption and Digitalisation

Enterprise Singapore links up with Synagie to spur SMEs' cross-border e-commerce growth

SINGAPORE (Nov 4): E-commerce solutions provider Synagie Corporation announced Monday it has been appointed as a partner by government agency Enterprise Singapore to help small- and medium-sized en

Disruption and Digitalisation

Digital financial services to generate $52 bil annually by 2025; 'underbanked' and 'unbanked' remain challenges

SINGAPORE (Oct 30): The digital financial services industry in Southeast Asia is poised to triple in annual revenue generation by 2025 to reach an estimated US$38 billion ($52 billion), a new study

Company in the news

Amazon launches bigger local online store in Singapore

SINGAPORE (Oct 8): Amazon.com Inc has launched a bigger local store and marketplace in Singapore, expanding its product selection and intensifying competition with rivals such as Alibaba Group Hold

Global Markets


Singapore (Oct 7): “Officially Tuas is designed to handle 65 million TEUs (20-foot equivalent units), but I am sure PSA can squeeze a little more out of it if we work hard.”


Singapore e-commerce to grow to US$7 billion by 2025

SINGAPORE (Oct 3): Singapore’s e-commerce is set to triple in value to US$7 billion ($9.7 billion) in just six years, in parallel with rapid growth across Southeast Asia that will see the total int

Company in the news

SingPost's US e-commerce units seek bankruptcy protection

SINGAPORE (Sept 19): Singapore Post (SingPost) today announced that its two e-commerce businesses in the US – Jagged Peak and TradeGlobal – have filed for voluntary petitions for relief under Chapt

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