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Loyalty platform enters PHL market | Tyrone Jasper C. Piad

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A Southeast Asian loyalty platform has established its presence in the Philippines following the acquisition of a local online grocery delivery service company.

In a news statement on Thursday, Nasdaq-listed Society Pass Inc. announced the completion of its purchase of Pushkart.ph, making it a wholly owned subsidiary of the loyalty platform company.

Pushkart.ph currently has 125,000 registered users, over 35,000 social media followers and at least 20,000 mobile app downloads. With the collaboration, the parties seek to more than double the customer base to 300,000 and boost the app downloads to over 150,000 this year. Nguyen added that the Philippines is also “a cornerstone of SoPa’s VIP [Vietnam, Indonesia, and Philippines] acquisition strategy, I expect to acquire a number of market leading companies in Philippines over the next few months.”

Lim said the Southeast Asian firm will provide an end-to-end solution to its customers that can help in expanding its market presence.

 

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