How to build and scale an online marketplace
For one thing: keeping sellers will keep buyers coming and revenue flowing.
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
THINK about the last time you ordered a meal to be delivered, or a ride home from work. Chances are you used one of the many multi-sided online marketplaces that are transforming our daily lives, as mobile apps for ordering just about everything become ubiquitous.
International marketplaces like Deliveroo have launched with huge success in Singapore, while home-grown marketplaces like Grab, Chope, honestbee and Carousell are fast becoming regional, if not, global, household names.
In a study of hundreds of marketplaces running on Stripe over a two-year period, we found that the revenue of a typical marketplace increased by nearly 300 per cent year over year.
Share with us your feedback on BT's products and services
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
