Fastest growing payment app in SEA
$Altimeter Growth Corp (AGC.US)$
According to PPRO's data, Southeast Asia's top-5 e-commerce markets (Indonesia, Malaysia, Philippines, Singapore, and Vietnam) have been growing at an average rate of over 27% year over year. However, the region is underbanked, and credit card penetration varies widely. Take Indonesia, for example. The e-commerce market there is growing faster than India's, but only 3 to 5% of the population has a credit card.
For this reason, GrabPay is one of the best ways to reach consumers and increase sales in this region.
$Alibaba (BABA.US)$
According to PPRO's data, Southeast Asia's top-5 e-commerce markets (Indonesia, Malaysia, Philippines, Singapore, and Vietnam) have been growing at an average rate of over 27% year over year. However, the region is underbanked, and credit card penetration varies widely. Take Indonesia, for example. The e-commerce market there is growing faster than India's, but only 3 to 5% of the population has a credit card.
For this reason, GrabPay is one of the best ways to reach consumers and increase sales in this region.
$Alibaba (BABA.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
沉思的张飞 : What is the connection between Grab and AGC??
SaiG 沉思的张飞 : AGC is the SPAC for Grab. So the stock market ticker will change to GRAB once the merger is complete.
沉思的张飞 SaiG : Thanks. I use Grab everyday
SaiG 沉思的张飞 : Hahah I believe so many ppl in Asia do. So it’s a really good opportunity I feel.