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Singapore e-commerce players report strong Singles’ Day sales
Major platforms decline to disclose overall numbers or year-on-year comparisons, but grocery and travel-related sales see growth
‘Buy now, pay later’ is not dead
Key players have retreated, but BNPL remains a growth engine in large marketplaces
ShopBack cuts 195 employees in push for sustainability
TEMASEK-BACKED cashback and rewards platform ShopBack has reduced its employee headcount by 24 per cent, or 195 roles, “to become more focused and self-sustainable as a company”.
ShopBack the latest player to sound retreat from ‘buy now, pay later’
LOYALTY platform ShopBack has announced that it will be discontinuing its “buy now, pay later” (BNPL) service, PayLater.
ShopBack feels the pinch as voucher revenue dips 50% in FY23
SHOPBACK Group, a Singapore-based cashback and rewards platform, posted US$87.7 million in revenue for the financial year ended March 2023, a 20 per cent year-on-year decline.
Singles’ Day sales up in Singapore ahead of GST hike
SINGAPORE shoppers seeking to beat a Goods and Services Tax (GST) hike next year may have boosted the Singles’ Day sales figures of e-commerce platforms, although consumer spending across categories w...
Heartland businesses go cashless, but teething problems remain
Heartland shops have grown used to e-payments after a pandemic-era push
ShopBack fined S$74,400 for breach of data of over a million users
ECOMMERCE Enablers, which operates the online shopping service platform ShopBack, was fined S$74,400 for its failure to safeguard users’ personal data.
Westpac to invest US$30 million in ShopBack
AUSTRALIAN bank Westpac will invest US$30 million in Singapore-based rewards platform ShopBack, the bank said on Thursday (Dec 8).
ShopBack seeks edge in financial services, adds over 300 staff in last 6 months
SINGAPORE-BASED ShopBack, which made its way up in the startup world with its cashback app, is looking to expand deeper into financial services and hire more staff in payments, compliance and engineer...
