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After launching in February 2021, Andale went on to onboard 64 local restaurants in Ho Chi Minh City—the only city it’s present in so far. It charges restaurants a lower commission than Grab and Shopee—18%, which was increased from the initial offer of 10%. “We give each restaurant a choice of doing delivery with their … Read more
Like most markets in the region, Vietnam’s food delivery space is dominated by two players. One of them is GrabFood, the food delivery arm of Singapore-headquartered super app Grab. GrabFood is dominant across the region, with a GMV of US$7.6 billion in 2021. In Vietnam, it has a 41% market share, according to the Momentum … Read more
Low-cost smartphones and data packages are driving “exponential growth” in the Philippine e-sports and gaming data, according to an industry study assembled by PLDT’s Smart and local publication Business World. Statista data estimates that the online gaming sector will bring in revenues of US$1.45 trillion by 2025, with revenue in the video streaming segment projected … Read more
For what it’s worth, Dito has had a lot of support from powerful entities. Debuted by local business tycoon Dennis Uy, Dito enjoys support of the current presidency—Uy was one of the top five donors to President Rodrigo Duterte’s election campaign and he owns the conglomerate Udenna Group. It’s also backed by a powerful foreign … Read more
While the technical side of such integration is straightforward, companies like Apple and Google would want to ensure there are enough transactions running through a given platform for the integration to be worth it, said Zennon Kapron, managing director of fintech research firm Kapronasia. MoMo’s superior TPV and financials—Tuong had told Bloomberg in December that … Read more
Kohli added that Shaikh may have highlighted a gap in the process. “The only viable possibility is apparent impersonation by way of sending an imposter instead of an actual passenger. We’ve since strictly reinforced cross-checking of passports and matching faces by requesting to remove masks to ensure this is further nullified,” he said. “We’ve also … Read more
The company had rapid RT-PCR contracts at airports in northern Indian cities of Lucknow (Chaudhary Charan Singh Airport) and Ahmedabad (Sardar Vallabhbhai Patel International Airport) until last year. “In August and September last year, our contracts to test at the airports were terminated. We were given no explanation as to why the contract was being … Read more