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Economy & Policy

Singapore e-commerce players report strong Singles’ Day sales

Indonesian tech company GoTo is preparing to launch a BNPL product with social media platform TikTok.
Startups
COMMENTARY

‘Buy now, pay later’ is not dead

ShopBack's Singapore headquarters in Pasir Panjang. The company is cutting 195 employees “to become more focused and self-sustainable as a company”.
Startups & Tech

ShopBack cuts 195 employees in push for sustainability

ShopeBack will be shuttering its BNPL offering PayLater after a periodic review of its business units.
Startups

ShopBack the latest player to sound retreat from ‘buy now, pay later’

ShopBack gives its customers a fraction of their money spent each time they shop with its partner merchants.
Tech in AsiaStartups

ShopBack feels the pinch as voucher revenue dips 50% in FY23

Workers sorting packages for delivery after the Singles’ Day shopping festival at a logistics center in Hunan, China.
Economy & Policy

Singles’ Day sales up in Singapore ahead of GST hike

Micro-retailers mostly find electronic payments to be convenient: fast, simple, and with the funds going directly into their accounts.
Singapore

Heartland businesses go cashless, but teething problems remain

"Organisations cannot place sole reliance on their employees to perform their duties properly as a security arrangement to protect personal data," said the Personal Data Protection Commission.
Startups & Tech

ShopBack fined S$74,400 for breach of data of over a million users

ShopBack’s co-founders Henry Chan (left) and Joel Leong will see their rewards platform receive a US$30 million investment from Westpac
Startups

Westpac to invest US$30 million in ShopBack

ShopBack's Singapore headquarters in Pasir Panjang.
Startups

ShopBack seeks edge in financial services, adds over 300 staff in last 6 months

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