app-annie-2017

Here are today’s top ecommerce news.

1. Payment innovation continues to drive growth in Thailand

Demand for innovative payment solutions is on the rise in Thailand, according to global payments technology company Visa, as the value of transactions made by Thai cardholders continues its high-growth trajectory.

Visa is also expanding the acceptance of electronic payments across the country. The number of merchant outlets that accept Visa cards has grown to almost half a million in 2016, particularly outside of Bangkok. The number of active mobile point of sale (mPOS) devices is almost close to fifty thousand.

Read the rest of the story here.

 

2. App Annie predicts 2017 mobile trends

Not only will apps become primary revenue drivers for digital businesses, but it will also play critical role in strengthening traditional business models in industries like retail and food service.

The report gives an example of food delivery services such as UberEats, Deliveroo, and Foodpanda, which are predicted to experience an uptick in 2017 (despite Foodpanda exiting earlier this month). Junde Yu, Managing Director, App Annie Asia Pacific, comments,

“By the end of the year, we expect $52 billion in gross consumer spend on mobile app stores and a staggering $77 billion in gross spend on mobile in-app advertising.”

Read the rest of the story here.

 

3. Recommended Reading: Supply chain trends in 2017

When it comes to ecommerce and logistics, when ecommerce goes from 9% of retail to 30%, how feasible will it be to deliver all those packages? This problem is also an opportunity. Large 3PLs, like DHL, are investing in drones and crowdsourcing solutions; and large automakers, such as Mercedes Benz, are investing in some very interesting last mile delivery vans.

Read the rest of the story here.

 

Interested in finding out more about Southeast Asia’s mobile landscape and more? Check out eIQ’s insights on the region’s ecommerce roadmap here.

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