ShopBack

As the rewards platform pushes into unfamiliar markets, its senior team taps communities like IMDA’s Singapore Digital Leadership Accelerator to pressure-test decisions, broaden perspectives and build...

Being app-driven sets it apart from competitors in markets such as the US and Germany

Major platforms decline to disclose overall numbers or year-on-year comparisons, but grocery and travel-related sales see growth

Key players have retreated, but BNPL remains a growth engine in large marketplaces

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”.

LOYALTY platform ShopBack has announced that it will be discontinuing its “buy now, pay later” (BNPL) service, PayLater.

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.

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 shops have grown used to e-payments after a pandemic-era push