2C2P | December 01, 2022
2C2P, a global payments platform and leading merchant commerce omnichannel platform Pine Labs have partnered to expand Buy Now Pay Later (BNPL) across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand. Unlike other BNPL offerings, Pine Labs works with issuing banks to enable cardholders of participating issuing banks to purchase items with multiple and longer instalment tenures, without having to download any mobile application or subscribe to any additional e-wallet or payment services. Cardholders will be able to make instant instalment payments at checkout up to their pre-approved credit limit with no interest charge. This partnership is expected to boost consumer confidence in the region and empower retail merchants to sell more and sell often to their customers. Pine Labs' BNPL strategy has a strong track record in India and has now expanded into various Southeast Asian markets. Since its launch in Singapore, Pine Labs Pay Later has emerged as a flexible payment option for merchants across a variety of verticals, including retail and tech, counting the likes of Eu Yan Sang, Samsung, OPPO, and more as its clients.
"We are delighted with the rapid strides we are taking in Southeast Asia when it comes to expanding our Buy Now Pay Later proposition. In this respect, we are excited to announce today our partnership with leading payments player 2C2P. With more young shoppers preferring digital modes of payments, we believe our BNPL offering will hit the right chord with the discretionary consumer of today and help merchants in the region drive sales, especially of big-ticket items, and contribute to a positive customer experience,"
Dheeraj Chowdhry, Chief Business Officer & Head - Pay Later, Southeast Asia, Pine Labs.
BNPL solutions have emerged as an essential capability for card issuers and merchants across the globe. In doing so, by partnering with Pine Labs, we are excited to aggregate customer demand and increase retailers' cross-sell opportunities. If shoppers prefer a BNPL fintech solution, we are here and enabling it; if they want an option from their banks, we're offering those too. At 2C2P, we are always looking for new ways to support our merchants' growth and enhance the payment experience by offering all types of payment options. With the shift in demand for digital payments and the appeal of interest-free payments, BNPL is an effective tool to expand sales and attract younger tech-savvy customers," said Agnes Chua, Executive Director of Business and Product Development of 2C2P. Unlike other BNPL offerings, customers now have more flexible payment options to consider when making larger purchases. This aids customers to better plan and manage their spending, especially when moving into a new home," said Andrew Kang, Head of eCommerce in Samsung. Winston Tan, Head of Sales from OPPO said, "Having Pine Labs as a payment option enables us to give our customers more flexibility in how they pay for their purchases. We believe the option will make it easier and more attractive for price-sensitive customers to afford large ticket items and help with cash flow management and budgeting.Integrating the BNPL platform into our payment system has been seamless. Since implementing the program, our stores have seen incremental customer engagement and good satisfaction," said Rachel Cheng, Managing Director of Eu Yan Sang Singapore. According to an IDC report commissioned by 2C2P, BNPL spending is expected to expand by $9.8billion in 2026, a 3.5x increase from 2021. In addition, retail sales in Singapore grew by 11.2% year on year in September 2022, marking the seventh straight month of increase in retail trade this year. Amidst the positive outlook for retail trade, the ease of instalment purchase offerings at the offline point of sale will encourage the continued growth of the retail industry amidst post-COVID-19 disruptions.
About Pine Labs
Pine Labs is a leading merchant commerce omnichannel platform operating across India and Southeast Asia. Pine Labs' tech-first approach to digital payments and focus on simplification at the front end aims to help many businesses embrace fintech products at scale. In digital payments, our online payments cloud-based software Plural represents a one-stop payments destination across channels. Plural is designed to deliver secure and frictionless online payment experiences to the end user, powered by an advanced tech stack that can augment an existing online business or build an all-new e-commerce payment setup from the ground up. In issuing, Qwikcilver serves leading corporates, Fast-Moving Consumer Goods (FMCG) brands, e-commerce companies, the Banking, Financial Services and Insurance (BFSI) sector and the airline industry, with a presence across India, the Middle East, Southeast Asia and Australia. Qwikcilver is a go-to gift card provider among companies looking to, among other things, bolster their employee rewards program and issue closed-loop gift cards for customer acquisition. In consumer app, Fave is a fintech platform for the next generation of consumers, providing smart payments and savings, while empowering merchants with a loyalty solution to grow and engage with their customers in a whole new way. Incorporated in Singapore, the key investors of Pine Labs include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard.
2C2P is a full-suite payments platform helping the world's leading enterprises securely accept and make payments through one point of integration. Its far-reaching network extends across online, mobile and offline channels including over 400,000 alternative payment locations, enabling enterprises to reach their customers or recipients anywhere. 2C2P also provides value-added services such as issuing, 3D Secure, bill payments and digital goods to meet every business need. The company is headquartered in Singapore and operates globally. It is the preferred payments platform of tech giants, online marketplaces, retailers and other global enterprises.
eTailPet | November 30, 2022
eTailPet, the only all-in-one, multi-channel, cloud-based point-of-sale (POS) software solution created specifically for independent pet retail businesses, announced today that it is expanding its support of pet businesses in North America with the launch of its POS solution in Canada. According to a recent survey, pet ownership in Canada increased by 18% since 2019, with approximately 3% of Canadians who didn't have a pet before the pandemic since adding one to their household. This increase in pet ownership contributed to an increase of 117% in overall consumer spend in the pets category during COVID, with the current Canadian pet market (including food, supplies and services) worth US$7 billion. eTailPet offers a true end-to-end solution that supports retail pet business operations with real-time visibility and control over in-store and online sales, inventory, customer communications, and marketing. Through these offerings, pet retailers can streamline operations, increase business, boost profitability, and thrive in the rapidly growing digital marketplace. As one of Canada's leading pet specialty distributors, working with hundreds of independent pet retailers across the country, I've discovered that eTailPet has everything you need to manage your business anytime, anywhere, and includes all of the features and functionalities that will help you meet the demands of your customers – from inventory to customer communications. The platform's all-in-one functionality will help you to increase revenue and remain competitive in the growing Canadian pet industry," said Phil Klaassen, CEO, Pan Pacific Pet.
"The growing Canadian pet market has accelerated the demand for easy-to-use, omnichannel POS solutions among indie pet businesses who want to streamline operations, maximize profits and appeal to the current generation of pet owners,Our all-in-one platform helps independent pet businesses remain competitive against the big box companies. Its easy-to-use design and comprehensive functionality, including the most advanced POS inventory management system, the biggest online pet catalog database, and full Astro Loyalty integration was created specifically to address the needs of independent pet retailers."
Bere Giannini, founder of eTailPet.
eTailPet combines deep expertise in the pet industry with modern technology to deliver a seamless experience for both the independent pet retailer and their customers. The eTailPet solution provides:
A robust, but easy to use POS system, with automatic in-store and online inventory synchronization, payment processing, smart ordering, and vendor credit management;
A total ecommerce solution for independent pet retailers, featuring a turnkey website builder, real-time inventory management, built-in sales data, loyalty program integration and more;
Online booking for pet services with powerful, customizable tools; and
Robust digital marketing tools
eTailPet empowers independent pet businesses with robust software solutions to compete in the growing digital marketplace. The all-in-one POS platform is the only full-service solution created for pet businesses by a pet business owner.
Givex | December 02, 2022
Givex Canada Corporation announced today its partnership with Enactus Canada, a national charity and the country's largest post-secondary experiential learning platform, to help shape entrepreneurial leaders who are passionate about advancing the economic, social and environmental health of Canada. Having had the privilege of judging both International and Canadian Enactus competitions it became very clear to me that Canada has a new generation of brilliant and motivated young leaders in our universities," said Don Gray, CEO of Givex. "I believe it is important to give these young leaders a platform to test their ideas and learn what it takes to not only have an idea or a dream but how to do the work needed to make it a reality. Enactus Canada is doing this for Canadians, and as part of a global organization, it is helping young leaders in many countries gain this same experience. Givex is proud to support Enactus Canada as a Gold Sponsor. Givex joins other leading Canadian companies in supporting Enactus Canada's mission of shaping generations of entrepreneurial leaders who see business as a way to address social issues.
"We are thrilled for Givex to join the Enactus Canada community,Not only are they a leading global fintech company, but their focus on diversity and inclusion is paramount in all that they do as an organization."
Allyson Hewitt, Enactus Canada President and CEO.
Givex is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world's largest brands, comprising approximately 118,000 locations across more than 100 countries. Learn more at givex.com.
About Enactus Canada
Enactus Canada, a national charity and the country's largest post-secondary experiential learning platform, is shaping entrepreneurial leaders who are passionate about advancing the economic, social and environmental health of Canada. Guided by academic advisors and business experts, more than 3,000 post-secondary students led 188 community empowerment projects and business ventures last year in communities coast to coast, directly impacting over 30,000 lives.