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E-commerce enabler Shopmatic merges with Octopus Retail Management

March 27, 2019 / Binu Paul

Singapore-based e-commerce enabler Shopmatic Pte. Ltd said it has merged with Octopus Retail Management Pte. Ltd, also headquartered in the island nation, to create a single entity that will offer omnichannel offerings for small and medium enterprises (SMEs).With the combined entity, online businesses can boost their e-commerce technology with Shopmatic’s solutions and tap into the physical retail opportunity with Octopus’ point-of-sales solution. The collaboration will allow both firms to leverage each other’s geographical strengths, Shopmatic said in a statement. Shopmatic has a strong presence in India, Middle East, Singapore and Hong Kong while Octopus operates in China, Malaysia, the Philippines, Sri Lanka, Taiwan and the US (United States).