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Posts Tagged ‘ e-commerce ’

Malaysia’s online shopping market size is estimated to increase from RM1.8 million in 2010to RM 5 billion next year, according to the finance ministry in its Economic Report 2013/2014 released today, Bernama news agency reports.

 

The report also reveals that Malaysia is the one of the top three countries in Asia on the average amount spent online in the past 12 months, thanks to the growth of online purchasing airline tickets and hotel bookings as well as the mature of epayments in the country. Companies should transform their traditional business to online business in order to be able to compete in future.

 

Other highlights in the report are:

  • Internet users is expected to reach 25 million in 2015, increased from 18 million in 2013;
  • Household broadband penetration rate had risen to 66.8 per cent as at June-end;
  • There are 42.6 million mobile subscribers in the country;
  • High penetration rate of social networks (91%) with 11.8 million Malaysians have Facebook accounts and more than 80 per cent of Malaysians access Facebook;
  • The adoption of ICT among SMEs was still slow due to limited financial resources, lack of technological knowledge and high cost of technical team and software applications;
  • Internet accessibility is low for SMEs due to high costs of band width and domain registration;
  • Only 100,000 of 645,136 SMEs having websites and 20 per cent of SMEs using ICT extensively in their daily operations; and
  • The spending on online advertising was only one per cent of the budget of Malaysian businesses.

Yahoo acquires Lexity

By on August 2, 2013

Lexity join yahoo notice

 
Yahoo has acquired 4 years old e-commerce application platform Lexity. According to the company’s blog, all services, including flagship application Lexity Live, will remain functional and Lexity will continue to support merchants on any e-commerce platform.
 
Lexity is the one-stop-shop of e-commerce services for SMBs. The company currently serves customers across 114 countries. The main motif for the Lexity is to help the SME to sell more online by helping their client to build brand awareness, get the product distributed easily, improve their site sales, help to create customer evangelists, last but not least, Lexity will help to create the customer loyalty which the SME can maintaining the good relationship with their existing customer to turn into the return sales.
 
The following movie clip is the short introduction to show you what is Lexity and what they actually did
 

 

Maybank2u Pay

By on June 2, 2013

maybank2u-pay-intro

Maybank2u Pay is a new payment facility that designed purposely for small and home businesses conducting transactions online. With the Maybank2u Pay, the shopper no need to enter the lengthy account numbers when transfer the money to the seller. It allow seller to easy reconciliation of sales transaction as well as it’s more systematic and convenient.

tech.david-cheong.com

Why use Maybank2u Pay?

Running an online business isn’t just about making sales. It involves sourcing for new products, constantly updating your blog, taking great photos for visual guide and many more back-end tasks. Going through receipts and proof of purchase can be time consuming and confusing, if there are a lot of transactions going on at once.

Chances are, mistakes are inevitable and sometimes, it can affect your online business. With this new payment facility, you can enjoy all the benefits below:

  • Easy reconciliation of sales transactions as there is a differentiation between normal funds transfers & Maybank2u Pay
  • Email notification on every transaction
  • View your sales transaction history for the past 60 days via Maybank2u
  • Detailed sales transactions under Maybank2u Pay History:
    • transaction date & time
    • transaction details & status
    • buyer’s name & email
    • amount transferred

tech.david-cheong.com

How does Maybank2u Pay benefit your online shoppers?

As a shopper, the overall online shopping experience determines whether a return visit is worth it, or not. Often, shoppers get turned off by lengthy payment processes, so getting Maybank2u Pay can really turn things for the better. With this new payment facility:

  • Payment method is simplified through Maybank2u and payment can be made directly to the seller’s account via a simple button.
  • There’s no need to remember the seller’s account number, so the payment process is simplified.
  • No need for proof of payment (i.e. scan / copy of payment receipt) to the seller.

tech.david-cheong.com

Here’s how to register for Maybank2u Pay

  1. Login to Maybank2u
  2. Click on Maybank2u Pay from the Maybank2u main menu
  3. Click on ‘Apply for Maybank2u Pay’ to register for Maybank2u Pay
  4. Read and accept the Terms and Conditions. Click ‘Continue’ to proceed to the Registration screen
  5. Provide business details including Business Name, Business Email, Account Number, Business Phone Number, Business Address, Business URL and Business Category. Click ‘Continue’.
  6. Click ‘Request a TAC’ and enter the TAC.
  7. Click ‘Confirm’ if all the details entered are correct or click on ‘Go Back’ to edit the details
  8. Customer will receive a confirmation that the application has been accepted and customers will be notified via email within 1 working day on the application status

tech.david-cheong.com

Things You Should Do As A Seller

E-Commerce owners using the Maybank2u Pay facility are encouraged to post a write up on Maybank2u Pay in their respective E-Commerce shop. This is to notify buyers that the E-Commerce shop is using Maybank2u Pay and at the same time, educate buyers on the do’s and don’ts when using Maybank2u Pay. E-Commerce owners can refer to the guide below for your write up on Maybank2u Pay:
How to use.

  • Click on the Maybank2u Pay icon on the blogshop and login to Maybank2u.
  • Seller’s name will be automatically displayed. Shopper is to select the type of account and enter your email address, amount and description of transaction. The shopper must read and accept the Disclaimer before proceeding to the next screen.
  • Click ‘Continue’.
  • Click ‘Request a TAC Number’. TAC number will be sent to shopper’s mobile phone. Enter the TAC Number and click ‘Confirm’ to proceed with payment or click ‘Go back’ to go to the previous screen.
  • Shopper can print screen and save the payment confirmation for record and future reference.
  • Shopper will receive an email as a confirmation of the completed transaction.
  • Sellers are advised to place the Maybank2u Pay icon on the main page of their E-Commerce website so that it is visible to the buyers.
  • Sellers are also advised to post a write up on Maybank2u Pay in their E-Commerce website to notify buyers that the E-Commerce website are using Maybank2u Pay. You can refer to the Maybank2u Pay Guide, for your write up on Maybank2u Pay

tech.david-cheong.com

Although the Maybank2u Pay is consider a new Payment Facilities in Malaysia if compare to the 3th part payment gateway such as iPay88 or MOLPay, because of the free charges + there is no any integration needed in order to start accept payment, I believe very soon it will gain the trust from the SME E-Commerce owner to apply. You may check their existing Blog Shop List at Maybank2u Website.

 

Maybank2u Pay Ad on TV

tech.david-cheong.com

WorldPay acquires YESpay

By on March 8, 2013

gI_61895_YESpay-logo

Global provider of payment and risk services WorldPay has acquired global card payments company YESpay.

 

By leveraging YESpay’s technology, WorldPay will be able to offer its UK clients a payment service, including merchant acquiring, card processing and payment terminals integrated with point of sale systems. The combined service will allow WorldPay and YESpay customers to exploit the needs of omni-channel shoppers with a single payment service operating in-store, online and on mobile. In addition, WorldPay will acquire YESpay’s businesses and assets including payment platforms and technologies, its 150 employees, based in the UK, Canada and India and over 3,000 customer relationships.

 

Financial terms of the agreement have not been disclosed.

 

YESpay provides secure internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS, the YESpay Managed Payment Service, merchants can accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems. WorldPay has 75 national and international payment methods and operates in over 40 countries worldwide.

paypal

Throughout the past year or so, PayPal has been working to make its in-store payment platform more robust by bringing in a number of new retail partners, including Home Depot, Guitar Center, Barnes & Noble, and JC Penney. However, today the company has revealed that PayPal users can now pay for items in over 18,000 physical stores throughout the US.

 

PayPal announced today that 23 large national retailers have begun participating in PayPal Now, and the service is now available at 18,000 retail locations around the United States. PayPal Now officially launched back in May of 2012 to extend PayPal’s payment platform into physical stores. Shoppers simply enter their phone number and a pin code during checkout instead of swiping their credit or debit card.

 

The service is definitely useful for people who forget their wallets, or for those who just prefer to keep all of their transaction under one roof. There are also opportunities to earn digital coupons and loyalty points by choosing this method of payment, so there’s definitely an incentive to use the new platform other than convenience.

 

Square is obviously PayPal’s biggest competitor, with its own plans in the retail realm that includes a major partnership with Starbucks. It’ll be interesting to see where the mobile payment industry goes from here. Google Wallet is making the rounds, and while it’s not yet a well-known avenue for payments, it just could be a matter of time before we see it take off.

The billionaire shop

Lembo Aventador


It must be hard to be a billionaire. Apparently there’s no easy way to impulse buy things such as yachts, jets and real estate.

The good news, however, is there’s a new website called The Billionaires Shop, which allows you to throw millions of dollars away in a matter of seconds. Want an $8 million penthouse in Miami? Add it to your shopping cart and checkout. How about a new Ferrari Bugatti Veyron SS sports car? That will be $1,950,000.

Bugatti Veyron SS

Bugatti Veyron SS cost about 1,950,000 euro

The billionaire shop check out

The total checkout amount is 74,100,000 euro

The concept came after the Swedish-based team, which also runs an international gambling company called Multilotto.com, realized that — like the classic comedy film Brewster’s Millions — big winners didn’t always know what to do with their cash.

“Gambling companies don’t always take care of the winners by offering advice on how to spend money,” the spokesperson said. “We wanted to change that.”

The most popular category on the site so far is its luxury yacht collection, with private jets not far behind.

Rocket Internet’s Asia-oriented e-commerce site Lazada announced yesterday that the company received $26 million in funding from equity investor Summit Partners. The money will be spent on further business development in its five markets: Indonesia, Malaysia, Philippines, Vietnam, Thailand. Maximilian Bittner, the regional CEO of Lazada, adds:

tech.david-cheong.com

We are very proud to have an investor of Summit’s calibre joining our shareholder base. They have extensive experience in supporting fast‐growing companies which will be of huge benefit as we continue to build out our offering and services to win the Southeast Asian market.

tech.david-cheong.com

Lazada launched its new fashion marketplace platform in Malaysia on November 21st. The platform allows offline retailers control over logistics and operations while selling their items online. The company plans to introduce this platform to its other four countries in the near future. It’s an interesting diversification, especially as Rocket Internet already has its own Southeast Asia-oriented fashion e-tailer in the form of Zalora.

tech.david-cheong.com

This is the third major investment that Lazada has received in the past four months. Previously the e-commerce site received $40 million from Swedish investment firm Kinnevik, and before that an undisclosed investment rumored to be in the region of $50 million from J.P. Morgan.

Use Google Wallet to accept payments for digital goods and services — with easy integration and attractive pricing. Customers never leave your website when they pay with Google Wallet.

Click here for more information about Google Wallet for digital goods

OfferStation.com brings you useful and convenient “buying information” to save you a lot of time, hassle and money. The Offerstation.com’s “offer scouts” gather all the relevant information for you on a regular basis and their “discoveries” are featured on the website.

tech.david-cheong.com

The information that you may get from OfferStation.com web site such as

  • Offers that provided by any merchant
  • What’s new shop or outlet is openning around
  • Warehouse sales
  • Dinning offer
  • Happenings event such as product lunches, exhibitions and fairs
  • Contests that stand you a chance to win prizes
tech.david-cheong.com

You must take special note of the location where a featured item may be available. This refers only to the particular store or mall in the particular city mentioned, where the information was gathered from. Further, a nationwide store chain often holds sales simultaneously throughout the country. If we can verify that it is indeed a nationwide sale, it will be reported as such. However if only KL is mentioned, you should not assume that the sale is also on in Penang or JB.

tech.david-cheong.com
By signing up as their free member, you will get the email remainders for

  • the last day of promotional offers
  • the last day of sales
  • the last day of happenings
  • the last day for opportunities to win prizes

tech.david-cheong.com

The offerstation.com only providing the information for your reference and they will never provide any product or services to be purchase at their web site.

tech.david-cheong.com

tech.david-cheong.com

What are you waiting for? Just visit to OfferStation.com web site and sign up the free membership to get alert on any offer

tech.david-cheong.com

E-Commerce business is growing so fast from year to year, we all will find it very convenient to purchase and shopping online from a site such as Amazon. But once we confirm the order and make the payment, have you think of what will happen to the item that you had just purchased until it arrives to your doorstep?

 tech.david-cheong.com

What actually happen after you confirm your purchase is your order will send to the warehouses to process, pack and ship. Those warehouses are staffed by people who apparently work in such terrible conditions that a Chinese person making iPhone in China.

  tech.david-cheong.com

The infographic come from Business Insurance Guide where they pointed out some pretty bad stuff going on in the online warehouses, including 12 hour shifts with few breaks, earning minimum wage, being fired if you use a mobile phone, extreme temperatures, health risks, and loss of workers rights if you are temp worker.