Citi giving e-commerce players a hand to expand in Asean

Singapore

CITIGROUP is helping e-commerce players expand their operations in Asean, where the potential is huge but where their progress is frustrated by a lack of infrastructure, says Melvyn Low, Citi's head of Asean and Singapore for Treasury and Trade Solutions.

Asean e-commerce is in its infancy compared to India and China, said Mr Low in a recent interview.

E-commerce has been the fastest- growing client sector for Citi Treasury & Trade Solutions' business in Asean in the last 2-3 years, he said. The bank expects double-digit revenue growth for its Asean e-commerce business in the next three years, he added.

Citi has two key e-commerce client groups: MNCs clients …