SlideShare a Scribd company logo
1 of 3
Download to read offline
Client           :    PayPal                                        Country    :   Singapore
Publication      :    MIS Asia                                      Section    :   Internet
Date             :    5 April 2013
Topic            :    Online payment channel offers small businesses in Singapore growth
                      opportunities beyond their shores
Viewership       :    4,385 (daily)
URl:             :    http://www.mis-asia.com/resource/internet/online-payment-channel-offers-small-
                      businesses-in-singapore-growth-opportunities-beyond-their-shores/




Online payment channel offers small businesses in Singapore growth opportunities
beyond their shores
Nurdianah Md Nur | April 5, 2013

Rising business costs, labour crunch and stiff competition from larger competitors are forcing Small
and Medium Enterprises (SMEs) in Singapore to find new markets and win new customers, and
online exports could be an answer to that.

According to Paypal, it processed US$145 billion of total payment volume in 2012 - a 22 percent
increase from the previous year - and cross-border trade accounted for a quarter of this figure.

Faraz Ahmed, general manager of Paypal Southeast Asia and India, said in a media briefing yesterday
that online merchants in Singapore saw robust growth in their exports to Asia Pacific markets in
2012.

This could be attributed to SMEs offering products and services that appeal to the international
audience at competitive prices, and offering the convenience of secure payment transactions via the
PayPal online payment channel.

Ahmed added that the demand for Singapore-made goods was the highest in China, followed by
Hong Kong; local merchants increased their online export sales by 68 percent to China and 55
percent to Hong Kong.

Figures of online export sales to other Asia Pacific markets were encouraging too: exports to Japan
and Australia increased by 22 percent and 20 percent respectively. These are based on PayPal's own
findings.

According to Ahmed, the top export categories from Singapore businesses offering online payment
methods include travel, computers and accessories, electronics, entertainment and media, vehicular
accessories, and toys and hobbies.
One successful local business that has taken advantage of PayPal's solution is Manek-Manek Beads,
founded by Helena Tang-Lim. It sells handmade bead jewellery designs.

According to Mrs Tang-Lim, she decided to embark on e-commerce last year to enable her business
to reach potential customers overseas. The move proved fortuitous, as today, 90 percent of sales
originate from outside Singapore.

Ahmed attributed the success of local online businesses to the fact that they have taken advantage
of the simple and secured payment and collection methods offered by PayPal.
5 april mis asia online payment channel offers small businesses in singapore growth opportunities beyond their shores

More Related Content

What's hot

The Global Evolution of Digital Commerce and MENA e-Commerce 2013
The Global Evolution of Digital Commerce and MENA e-Commerce 2013The Global Evolution of Digital Commerce and MENA e-Commerce 2013
The Global Evolution of Digital Commerce and MENA e-Commerce 2013Melih ÖZCANLI
 
Social Commerce: The new way of acquiring and engaging customers
Social Commerce: The new way of acquiring and engaging customersSocial Commerce: The new way of acquiring and engaging customers
Social Commerce: The new way of acquiring and engaging customersAurum Equity Partners LLP
 
ARE BUSINESSES SUCCEEDDING IN SRI LANKA THROUGH ONLINE MARKETING
ARE BUSINESSES SUCCEEDDING IN SRI LANKA THROUGH ONLINE MARKETINGARE BUSINESSES SUCCEEDDING IN SRI LANKA THROUGH ONLINE MARKETING
ARE BUSINESSES SUCCEEDDING IN SRI LANKA THROUGH ONLINE MARKETINGNishanthi Raveendran
 
Thai E-Commerce: Learnings and Trends
Thai E-Commerce: Learnings and TrendsThai E-Commerce: Learnings and Trends
Thai E-Commerce: Learnings and Trendse27
 
PayPal Insights: E-commerce in the Middle East
PayPal Insights: E-commerce in the Middle East PayPal Insights: E-commerce in the Middle East
PayPal Insights: E-commerce in the Middle East Melih ÖZCANLI
 
What CEOs Need to Know About E-Commerce 081914
What CEOs Need to Know About E-Commerce 081914What CEOs Need to Know About E-Commerce 081914
What CEOs Need to Know About E-Commerce 081914Ray Alimurung
 
Comparative study of eCommerce portals - jabong, yebhi, myntra
Comparative study of eCommerce portals - jabong, yebhi, myntraComparative study of eCommerce portals - jabong, yebhi, myntra
Comparative study of eCommerce portals - jabong, yebhi, myntraVineela Kanapala
 
Brand to Conversion [for Thailand Web Wednesday 15]
Brand to Conversion  [for Thailand Web Wednesday 15]Brand to Conversion  [for Thailand Web Wednesday 15]
Brand to Conversion [for Thailand Web Wednesday 15]Pawoot (Pom) Pongvitayapanu
 
Trends in eCommerce in India - Powered by Hoppingo.com
Trends in eCommerce in India - Powered by Hoppingo.comTrends in eCommerce in India - Powered by Hoppingo.com
Trends in eCommerce in India - Powered by Hoppingo.comHoppingo
 
A Commerce at a Glance
A Commerce at a GlanceA Commerce at a Glance
A Commerce at a GlanceSyinta Dewi
 
Ecommerce rules india
Ecommerce rules indiaEcommerce rules india
Ecommerce rules indiaHarveer Singh
 
Kinnevik Rocket Capital Markets day 2014 - Lazada presentation
Kinnevik Rocket Capital Markets day 2014 - Lazada presentationKinnevik Rocket Capital Markets day 2014 - Lazada presentation
Kinnevik Rocket Capital Markets day 2014 - Lazada presentationPierre Poignant
 
Ecommerce trends for 2017
Ecommerce trends for 2017Ecommerce trends for 2017
Ecommerce trends for 2017Ethan Brown
 
Thailand Mobile Market 2013
Thailand Mobile Market 2013Thailand Mobile Market 2013
Thailand Mobile Market 2013Siim Teller
 
Indian ecommerce industry - boom or bubble
Indian ecommerce industry -  boom or bubbleIndian ecommerce industry -  boom or bubble
Indian ecommerce industry - boom or bubbleDr. Tapish Panwar
 
Indian E-commerce Industry
Indian E-commerce IndustryIndian E-commerce Industry
Indian E-commerce IndustryTakur Singh
 
Why India eCommerce is Next!
Why India eCommerce is Next!Why India eCommerce is Next!
Why India eCommerce is Next!eZdia Inc
 

What's hot (20)

The Global Evolution of Digital Commerce and MENA e-Commerce 2013
The Global Evolution of Digital Commerce and MENA e-Commerce 2013The Global Evolution of Digital Commerce and MENA e-Commerce 2013
The Global Evolution of Digital Commerce and MENA e-Commerce 2013
 
Social Commerce: The new way of acquiring and engaging customers
Social Commerce: The new way of acquiring and engaging customersSocial Commerce: The new way of acquiring and engaging customers
Social Commerce: The new way of acquiring and engaging customers
 
ARE BUSINESSES SUCCEEDDING IN SRI LANKA THROUGH ONLINE MARKETING
ARE BUSINESSES SUCCEEDDING IN SRI LANKA THROUGH ONLINE MARKETINGARE BUSINESSES SUCCEEDDING IN SRI LANKA THROUGH ONLINE MARKETING
ARE BUSINESSES SUCCEEDDING IN SRI LANKA THROUGH ONLINE MARKETING
 
Thai E-Commerce: Learnings and Trends
Thai E-Commerce: Learnings and TrendsThai E-Commerce: Learnings and Trends
Thai E-Commerce: Learnings and Trends
 
PayPal Insights: E-commerce in the Middle East
PayPal Insights: E-commerce in the Middle East PayPal Insights: E-commerce in the Middle East
PayPal Insights: E-commerce in the Middle East
 
What CEOs Need to Know About E-Commerce 081914
What CEOs Need to Know About E-Commerce 081914What CEOs Need to Know About E-Commerce 081914
What CEOs Need to Know About E-Commerce 081914
 
Comparative study of eCommerce portals - jabong, yebhi, myntra
Comparative study of eCommerce portals - jabong, yebhi, myntraComparative study of eCommerce portals - jabong, yebhi, myntra
Comparative study of eCommerce portals - jabong, yebhi, myntra
 
Brand to Conversion [for Thailand Web Wednesday 15]
Brand to Conversion  [for Thailand Web Wednesday 15]Brand to Conversion  [for Thailand Web Wednesday 15]
Brand to Conversion [for Thailand Web Wednesday 15]
 
Trends in eCommerce in India - Powered by Hoppingo.com
Trends in eCommerce in India - Powered by Hoppingo.comTrends in eCommerce in India - Powered by Hoppingo.com
Trends in eCommerce in India - Powered by Hoppingo.com
 
A Commerce at a Glance
A Commerce at a GlanceA Commerce at a Glance
A Commerce at a Glance
 
Ecommerce rules india
Ecommerce rules indiaEcommerce rules india
Ecommerce rules india
 
Webinar E-commerce Logistics-oct 17th 2014
Webinar   E-commerce Logistics-oct 17th 2014Webinar   E-commerce Logistics-oct 17th 2014
Webinar E-commerce Logistics-oct 17th 2014
 
Kinnevik Rocket Capital Markets day 2014 - Lazada presentation
Kinnevik Rocket Capital Markets day 2014 - Lazada presentationKinnevik Rocket Capital Markets day 2014 - Lazada presentation
Kinnevik Rocket Capital Markets day 2014 - Lazada presentation
 
9 fundamentals for e-commerce in thailand
9 fundamentals for e-commerce in thailand9 fundamentals for e-commerce in thailand
9 fundamentals for e-commerce in thailand
 
Ecommerce trends for 2017
Ecommerce trends for 2017Ecommerce trends for 2017
Ecommerce trends for 2017
 
Thailand Mobile Market 2013
Thailand Mobile Market 2013Thailand Mobile Market 2013
Thailand Mobile Market 2013
 
Indian ecommerce industry - boom or bubble
Indian ecommerce industry -  boom or bubbleIndian ecommerce industry -  boom or bubble
Indian ecommerce industry - boom or bubble
 
Brand to Conversion
Brand to ConversionBrand to Conversion
Brand to Conversion
 
Indian E-commerce Industry
Indian E-commerce IndustryIndian E-commerce Industry
Indian E-commerce Industry
 
Why India eCommerce is Next!
Why India eCommerce is Next!Why India eCommerce is Next!
Why India eCommerce is Next!
 

Similar to 5 april mis asia online payment channel offers small businesses in singapore growth opportunities beyond their shores

Indonesian Payment Challenges 2015
Indonesian Payment Challenges 2015Indonesian Payment Challenges 2015
Indonesian Payment Challenges 2015Frank Mercado
 
Philippine E-Commerce & the ASEAN 2015 Integration
Philippine E-Commerce & the ASEAN 2015 IntegrationPhilippine E-Commerce & the ASEAN 2015 Integration
Philippine E-Commerce & the ASEAN 2015 IntegrationJoses Sacilioc
 
23 dec bt(online) us sale events spur e-commerce in s'pore
23 dec bt(online) us sale events spur e-commerce in s'pore23 dec bt(online) us sale events spur e-commerce in s'pore
23 dec bt(online) us sale events spur e-commerce in s'poreBridget Kow
 
Pay Pal 2019 Digital Strategy
Pay Pal 2019 Digital StrategyPay Pal 2019 Digital Strategy
Pay Pal 2019 Digital StrategySky Downing
 
The 10 best digital payment service providers in india compressed
The 10 best digital payment service providers in india  compressedThe 10 best digital payment service providers in india  compressed
The 10 best digital payment service providers in india compressedMerry D'souza
 
Business APAC Marvellous E-Commerce Solution Providers of 2020
Business APAC Marvellous E-Commerce Solution Providers of 2020Business APAC Marvellous E-Commerce Solution Providers of 2020
Business APAC Marvellous E-Commerce Solution Providers of 2020Business APAC
 
PayPal Written Marketing Plan
PayPal Written Marketing PlanPayPal Written Marketing Plan
PayPal Written Marketing PlanKeaton Averman
 
APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...
APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...
APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...apidays
 
E Commerista Launch Pad Step 4 To 7
E Commerista Launch Pad Step 4 To 7E Commerista Launch Pad Step 4 To 7
E Commerista Launch Pad Step 4 To 7Asiapay
 
Deep dive into ecommerce by GBG Mumbai - Sep 20th 2014
Deep dive into ecommerce  by  GBG Mumbai - Sep 20th 2014Deep dive into ecommerce  by  GBG Mumbai - Sep 20th 2014
Deep dive into ecommerce by GBG Mumbai - Sep 20th 2014GBG Mumbai
 
WAY4 Solutions Overview
WAY4 Solutions OverviewWAY4 Solutions Overview
WAY4 Solutions OverviewBachNguyenNhu
 
Mobile Money For The Bottom of The Pyramid... Serving the unbanked...
Mobile Money For The Bottom of The Pyramid... Serving the unbanked...Mobile Money For The Bottom of The Pyramid... Serving the unbanked...
Mobile Money For The Bottom of The Pyramid... Serving the unbanked...Neira Jones
 
Cash curb brings delight for e wallet players
Cash curb brings delight for e wallet playersCash curb brings delight for e wallet players
Cash curb brings delight for e wallet playerseTailing India
 
The Evolution Of Mobile Payment Essay
The Evolution Of Mobile Payment EssayThe Evolution Of Mobile Payment Essay
The Evolution Of Mobile Payment EssayKatie Parker
 
Cash curb brings delight for e wallet players
Cash curb brings delight for e wallet playersCash curb brings delight for e wallet players
Cash curb brings delight for e wallet playersAshish Jhalani
 
Ecommerce and SMEs: Uncovering Thailand's Hidden Assets Through E-commerce
Ecommerce and SMEs: Uncovering Thailand's Hidden Assets Through E-commerceEcommerce and SMEs: Uncovering Thailand's Hidden Assets Through E-commerce
Ecommerce and SMEs: Uncovering Thailand's Hidden Assets Through E-commerceMichael Wan
 
Growth of e commerce websites in singapore
Growth of e commerce websites in singaporeGrowth of e commerce websites in singapore
Growth of e commerce websites in singaporeInnomedia Technologies
 

Similar to 5 april mis asia online payment channel offers small businesses in singapore growth opportunities beyond their shores (20)

Indonesian Payment Challenges 2015
Indonesian Payment Challenges 2015Indonesian Payment Challenges 2015
Indonesian Payment Challenges 2015
 
Philippine E-Commerce & the ASEAN 2015 Integration
Philippine E-Commerce & the ASEAN 2015 IntegrationPhilippine E-Commerce & the ASEAN 2015 Integration
Philippine E-Commerce & the ASEAN 2015 Integration
 
23 dec bt(online) us sale events spur e-commerce in s'pore
23 dec bt(online) us sale events spur e-commerce in s'pore23 dec bt(online) us sale events spur e-commerce in s'pore
23 dec bt(online) us sale events spur e-commerce in s'pore
 
PCM-Vol.-1-Issue-7
PCM-Vol.-1-Issue-7PCM-Vol.-1-Issue-7
PCM-Vol.-1-Issue-7
 
Pay Pal 2019 Digital Strategy
Pay Pal 2019 Digital StrategyPay Pal 2019 Digital Strategy
Pay Pal 2019 Digital Strategy
 
The 10 best digital payment service providers in india compressed
The 10 best digital payment service providers in india  compressedThe 10 best digital payment service providers in india  compressed
The 10 best digital payment service providers in india compressed
 
Business APAC Marvellous E-Commerce Solution Providers of 2020
Business APAC Marvellous E-Commerce Solution Providers of 2020Business APAC Marvellous E-Commerce Solution Providers of 2020
Business APAC Marvellous E-Commerce Solution Providers of 2020
 
PayPal Written Marketing Plan
PayPal Written Marketing PlanPayPal Written Marketing Plan
PayPal Written Marketing Plan
 
Money of the future 2014\2015
Money of the future 2014\2015Money of the future 2014\2015
Money of the future 2014\2015
 
APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...
APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...
APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...
 
E Commerista Launch Pad Step 4 To 7
E Commerista Launch Pad Step 4 To 7E Commerista Launch Pad Step 4 To 7
E Commerista Launch Pad Step 4 To 7
 
Deep dive into ecommerce by GBG Mumbai - Sep 20th 2014
Deep dive into ecommerce  by  GBG Mumbai - Sep 20th 2014Deep dive into ecommerce  by  GBG Mumbai - Sep 20th 2014
Deep dive into ecommerce by GBG Mumbai - Sep 20th 2014
 
WAY4 Solutions Overview
WAY4 Solutions OverviewWAY4 Solutions Overview
WAY4 Solutions Overview
 
Mobile Money For The Bottom of The Pyramid... Serving the unbanked...
Mobile Money For The Bottom of The Pyramid... Serving the unbanked...Mobile Money For The Bottom of The Pyramid... Serving the unbanked...
Mobile Money For The Bottom of The Pyramid... Serving the unbanked...
 
Alibaba group
Alibaba groupAlibaba group
Alibaba group
 
Cash curb brings delight for e wallet players
Cash curb brings delight for e wallet playersCash curb brings delight for e wallet players
Cash curb brings delight for e wallet players
 
The Evolution Of Mobile Payment Essay
The Evolution Of Mobile Payment EssayThe Evolution Of Mobile Payment Essay
The Evolution Of Mobile Payment Essay
 
Cash curb brings delight for e wallet players
Cash curb brings delight for e wallet playersCash curb brings delight for e wallet players
Cash curb brings delight for e wallet players
 
Ecommerce and SMEs: Uncovering Thailand's Hidden Assets Through E-commerce
Ecommerce and SMEs: Uncovering Thailand's Hidden Assets Through E-commerceEcommerce and SMEs: Uncovering Thailand's Hidden Assets Through E-commerce
Ecommerce and SMEs: Uncovering Thailand's Hidden Assets Through E-commerce
 
Growth of e commerce websites in singapore
Growth of e commerce websites in singaporeGrowth of e commerce websites in singapore
Growth of e commerce websites in singapore
 

More from Bridget Kow

25 feb st(print) pay with fingerprint on new samsung s5
25 feb st(print) pay with fingerprint on new samsung s525 feb st(print) pay with fingerprint on new samsung s5
25 feb st(print) pay with fingerprint on new samsung s5Bridget Kow
 
14 oct bt(online) aficionado pumps up the volume in cars
14 oct bt(online) aficionado pumps up the volume in cars14 oct bt(online) aficionado pumps up the volume in cars
14 oct bt(online) aficionado pumps up the volume in carsBridget Kow
 
14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in carsBridget Kow
 
8 july the edge finding a niche in e-commerce
8 july the edge finding a niche in e-commerce8 july the edge finding a niche in e-commerce
8 july the edge finding a niche in e-commerceBridget Kow
 
12 feb st(online) upcoming sme events
12 feb st(online) upcoming sme events12 feb st(online) upcoming sme events
12 feb st(online) upcoming sme eventsBridget Kow
 
14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in carsBridget Kow
 
18dec st digital life (print)-online merchants are winning the hearts of cons...
18dec st digital life (print)-online merchants are winning the hearts of cons...18dec st digital life (print)-online merchants are winning the hearts of cons...
18dec st digital life (print)-online merchants are winning the hearts of cons...Bridget Kow
 
11 dec st digital life (print)-last minute gift buying for tech junkies
11 dec st digital life (print)-last minute gift buying for tech junkies11 dec st digital life (print)-last minute gift buying for tech junkies
11 dec st digital life (print)-last minute gift buying for tech junkiesBridget Kow
 
18 dec st digital life (online)-online merchants are winning the hearts of co...
18 dec st digital life (online)-online merchants are winning the hearts of co...18 dec st digital life (online)-online merchants are winning the hearts of co...
18 dec st digital life (online)-online merchants are winning the hearts of co...Bridget Kow
 
Nov 2013 cleo magazine are you a safe browser
Nov 2013 cleo magazine are you a safe browserNov 2013 cleo magazine are you a safe browser
Nov 2013 cleo magazine are you a safe browserBridget Kow
 
14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in carsBridget Kow
 
14 oct bt aficionado pumps up the volume in cars
14 oct bt aficionado pumps up the volume in cars14 oct bt aficionado pumps up the volume in cars
14 oct bt aficionado pumps up the volume in carsBridget Kow
 
October 2013 hwm shop overseas with pay_pal
October 2013 hwm shop overseas with pay_pal October 2013 hwm shop overseas with pay_pal
October 2013 hwm shop overseas with pay_pal Bridget Kow
 
14 sept st mobile shopping her on the rise-study
14 sept st mobile shopping her on the rise-study14 sept st mobile shopping her on the rise-study
14 sept st mobile shopping her on the rise-studyBridget Kow
 
9 sept todays manager cross-border trade is sme’s route to success
9 sept todays manager cross-border trade is sme’s route to success9 sept todays manager cross-border trade is sme’s route to success
9 sept todays manager cross-border trade is sme’s route to successBridget Kow
 
6 sept st pay_pal to protect sellers from fraud
6 sept st pay_pal to protect sellers from fraud6 sept st pay_pal to protect sellers from fraud
6 sept st pay_pal to protect sellers from fraudBridget Kow
 
28 aug campaign asia_paypal names country manager for hong kong, taiwan
28 aug campaign asia_paypal names country manager for hong kong, taiwan28 aug campaign asia_paypal names country manager for hong kong, taiwan
28 aug campaign asia_paypal names country manager for hong kong, taiwanBridget Kow
 
22 aug st pay_pal eyes slice of physical payment pie
22 aug st pay_pal eyes slice of physical payment pie22 aug st pay_pal eyes slice of physical payment pie
22 aug st pay_pal eyes slice of physical payment pieBridget Kow
 
22 aug st online pay_pal eyes slice of physical payment pie
22 aug st online pay_pal eyes slice of physical payment pie22 aug st online pay_pal eyes slice of physical payment pie
22 aug st online pay_pal eyes slice of physical payment pieBridget Kow
 
21 july facebook pay_pal summer deals_jill chua_
21 july facebook pay_pal summer deals_jill chua_ 21 july facebook pay_pal summer deals_jill chua_
21 july facebook pay_pal summer deals_jill chua_ Bridget Kow
 

More from Bridget Kow (20)

25 feb st(print) pay with fingerprint on new samsung s5
25 feb st(print) pay with fingerprint on new samsung s525 feb st(print) pay with fingerprint on new samsung s5
25 feb st(print) pay with fingerprint on new samsung s5
 
14 oct bt(online) aficionado pumps up the volume in cars
14 oct bt(online) aficionado pumps up the volume in cars14 oct bt(online) aficionado pumps up the volume in cars
14 oct bt(online) aficionado pumps up the volume in cars
 
14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars
 
8 july the edge finding a niche in e-commerce
8 july the edge finding a niche in e-commerce8 july the edge finding a niche in e-commerce
8 july the edge finding a niche in e-commerce
 
12 feb st(online) upcoming sme events
12 feb st(online) upcoming sme events12 feb st(online) upcoming sme events
12 feb st(online) upcoming sme events
 
14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars
 
18dec st digital life (print)-online merchants are winning the hearts of cons...
18dec st digital life (print)-online merchants are winning the hearts of cons...18dec st digital life (print)-online merchants are winning the hearts of cons...
18dec st digital life (print)-online merchants are winning the hearts of cons...
 
11 dec st digital life (print)-last minute gift buying for tech junkies
11 dec st digital life (print)-last minute gift buying for tech junkies11 dec st digital life (print)-last minute gift buying for tech junkies
11 dec st digital life (print)-last minute gift buying for tech junkies
 
18 dec st digital life (online)-online merchants are winning the hearts of co...
18 dec st digital life (online)-online merchants are winning the hearts of co...18 dec st digital life (online)-online merchants are winning the hearts of co...
18 dec st digital life (online)-online merchants are winning the hearts of co...
 
Nov 2013 cleo magazine are you a safe browser
Nov 2013 cleo magazine are you a safe browserNov 2013 cleo magazine are you a safe browser
Nov 2013 cleo magazine are you a safe browser
 
14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars14 oct bt(print) aficionado pumps up the volume in cars
14 oct bt(print) aficionado pumps up the volume in cars
 
14 oct bt aficionado pumps up the volume in cars
14 oct bt aficionado pumps up the volume in cars14 oct bt aficionado pumps up the volume in cars
14 oct bt aficionado pumps up the volume in cars
 
October 2013 hwm shop overseas with pay_pal
October 2013 hwm shop overseas with pay_pal October 2013 hwm shop overseas with pay_pal
October 2013 hwm shop overseas with pay_pal
 
14 sept st mobile shopping her on the rise-study
14 sept st mobile shopping her on the rise-study14 sept st mobile shopping her on the rise-study
14 sept st mobile shopping her on the rise-study
 
9 sept todays manager cross-border trade is sme’s route to success
9 sept todays manager cross-border trade is sme’s route to success9 sept todays manager cross-border trade is sme’s route to success
9 sept todays manager cross-border trade is sme’s route to success
 
6 sept st pay_pal to protect sellers from fraud
6 sept st pay_pal to protect sellers from fraud6 sept st pay_pal to protect sellers from fraud
6 sept st pay_pal to protect sellers from fraud
 
28 aug campaign asia_paypal names country manager for hong kong, taiwan
28 aug campaign asia_paypal names country manager for hong kong, taiwan28 aug campaign asia_paypal names country manager for hong kong, taiwan
28 aug campaign asia_paypal names country manager for hong kong, taiwan
 
22 aug st pay_pal eyes slice of physical payment pie
22 aug st pay_pal eyes slice of physical payment pie22 aug st pay_pal eyes slice of physical payment pie
22 aug st pay_pal eyes slice of physical payment pie
 
22 aug st online pay_pal eyes slice of physical payment pie
22 aug st online pay_pal eyes slice of physical payment pie22 aug st online pay_pal eyes slice of physical payment pie
22 aug st online pay_pal eyes slice of physical payment pie
 
21 july facebook pay_pal summer deals_jill chua_
21 july facebook pay_pal summer deals_jill chua_ 21 july facebook pay_pal summer deals_jill chua_
21 july facebook pay_pal summer deals_jill chua_
 

Recently uploaded

NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...Khaled Al Awadi
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Lviv Startup Club
 
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024Stephan Koning
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessAPCO
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsP&CO
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinAnton Skornyakov
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursKaiNexus
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..dlewis191
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Winbusinessin
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfAnhNguyen97152
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...AustraliaChapterIIBA
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)tazeenaila12
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Onlinelng ths
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato pptElizangelaSoaresdaCo
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfHajeJanKamps
 
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...IMARC Group
 

Recently uploaded (20)

NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)
 
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizations
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup Berlin
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, Ours
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Online
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato ppt
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
 
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
 

5 april mis asia online payment channel offers small businesses in singapore growth opportunities beyond their shores

  • 1. Client : PayPal Country : Singapore Publication : MIS Asia Section : Internet Date : 5 April 2013 Topic : Online payment channel offers small businesses in Singapore growth opportunities beyond their shores Viewership : 4,385 (daily) URl: : http://www.mis-asia.com/resource/internet/online-payment-channel-offers-small- businesses-in-singapore-growth-opportunities-beyond-their-shores/ Online payment channel offers small businesses in Singapore growth opportunities beyond their shores Nurdianah Md Nur | April 5, 2013 Rising business costs, labour crunch and stiff competition from larger competitors are forcing Small and Medium Enterprises (SMEs) in Singapore to find new markets and win new customers, and online exports could be an answer to that. According to Paypal, it processed US$145 billion of total payment volume in 2012 - a 22 percent increase from the previous year - and cross-border trade accounted for a quarter of this figure. Faraz Ahmed, general manager of Paypal Southeast Asia and India, said in a media briefing yesterday that online merchants in Singapore saw robust growth in their exports to Asia Pacific markets in 2012. This could be attributed to SMEs offering products and services that appeal to the international audience at competitive prices, and offering the convenience of secure payment transactions via the PayPal online payment channel. Ahmed added that the demand for Singapore-made goods was the highest in China, followed by Hong Kong; local merchants increased their online export sales by 68 percent to China and 55 percent to Hong Kong. Figures of online export sales to other Asia Pacific markets were encouraging too: exports to Japan and Australia increased by 22 percent and 20 percent respectively. These are based on PayPal's own findings. According to Ahmed, the top export categories from Singapore businesses offering online payment methods include travel, computers and accessories, electronics, entertainment and media, vehicular accessories, and toys and hobbies.
  • 2. One successful local business that has taken advantage of PayPal's solution is Manek-Manek Beads, founded by Helena Tang-Lim. It sells handmade bead jewellery designs. According to Mrs Tang-Lim, she decided to embark on e-commerce last year to enable her business to reach potential customers overseas. The move proved fortuitous, as today, 90 percent of sales originate from outside Singapore. Ahmed attributed the success of local online businesses to the fact that they have taken advantage of the simple and secured payment and collection methods offered by PayPal.