SEA | Jotup

Society Pass Inc (Nasdaq: SOPA) Announces Payments Partnership with 2C2P to Enhance the Online Shopping Experience in Southeast Asia

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Friday, August 4, 2023

IDC, Insurance, Partnership, Travel, F&B, Sopa, BNPL, Alipay, Touch 'n Go eWallet, QR, GCash, SOPA, Growth, Ecosystem, Online shopping, Cryptocurrency, SEA, Somatosensory system

2C2P operates payment services in eight markets across Asia and supports over 250 payment options, from cards to cash to e-wallets.

Key Points:

2C2P operates payment services in eight markets across Asia and supports over 250 payment options, from cards to cash to e-wallets.
Over the years, 2C2P has established and nurtured an extensive network of partners globally, adhering to local and international regulatory compliance standards.
Mr. Sidlauskas added, "In partnering with 2C2P, we automatically increase the potential customer-base within Southeast Asia by millions of potential users.
Rachelle Alexis Lim, Executive Director of 2C2P, said, "As we embark on this strategic partnership with Society Pass, we look forward to enhancing the payments experience of SOPA's consumers across SEA.

Society Pass Inc's (Nasdaq: SOPA) Travel Subsidiary, NusaTrip Inc, Acquires IATA-licensed Vietnam International Travel and Service JSC; Acquisition Adds Approximately US$2 million in GMV to NusaTrip Revenue Base

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Thursday, July 20, 2023

IATA, Travel, VIT, Sopa, World Bank Group, Service, World Bank, Acquisition, SOPA, Ecosystem, Tourism, SEA

NusaTrip previously acquired VLeisure, Vietnam's leading provider of hotel management and payment solutions, in April 2023.

Key Points:

NusaTrip previously acquired VLeisure, Vietnam's leading provider of hotel management and payment solutions, in April 2023.
Patrick Soetanto, NusaTrip CEO, comments on the acquisition, "VIT is the first IATA-licensed travel acquisition we have made outside of Indonesia.
Founded in Vietnam since 2016, VIT operates inbound and outbound ticketing businesses targeted at corporate and travel tour segments.
I am proud to sell VIT to NusaTrip as I know NusaTrip will greatly expand VIT's business here in Vietnam.

Ascendiant Capital Markets: Initiation of Research Coverage for Society Pass Inc (Nasdaq: SOPA) - US$ Billion Market Potential Due to Fast Growing Online Platform in Attractive Southeast Asia Markets

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Wednesday, July 12, 2023

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NEW YORK, July 12, 2023 - (ACN Newswire) - Ascendiant Capital Markets LLC ("Ascendiant") initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) ("SoPa" or the "Company").

Key Points:

NEW YORK, July 12, 2023 - (ACN Newswire) - Ascendiant Capital Markets LLC ("Ascendiant") initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) ("SoPa" or the "Company").
Click Here (on Society Pass website https://thesocietypass.com/wp-content/uploads/AscendiantCapitalMarkets_I... ) or Here (on Ascendiant Capital Markets website https://ascendiant.com/research-reports/company/society-pass-incorporated/) to view the full Ascendiant Capital Markets Equity Research Report.
- Initiation of research coverage: SOPA is building the next generation, data-driven, fintech, and e-commerce digital platform in Southeast Asia ("SEA").
- US$ billion market potential: Ascendiant believes growth prospects drive approximate billion dollars market potential.

Society Pass Inc (Nasdaq: SOPA) Subsidiary, NextGen Retail Inc, to Acquire Indonesia's PT Inetindo Infocom to Create an Online and Offline Electronics and Gaming Retailer in the World's 4th Most Populous Economy; Acquisition Onboards Approximately US$30 m

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Friday, July 7, 2023

Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies.

Key Points:

Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies.
Operating in Indonesia since 2010, Inetindo employs approximately 300 employees and operates 26 "Story-I" branded Apple stores in 9 cities across Indonesia.
I wish Society Pass and NextGen Retail the best of luck as they take over a strong brand in Indonesia.
Loic Gautier, CEO of NextGen Retail Inc, explains the acquisition's rationale, "The Story-I acquisition is the natural evolution of our Leflair Vietnam business.

Society Pass (Nasdaq: SOPA) to Formally Introduce Society Pass Loyalty App at Launch Party in Singapore on Wednesday, 28 June 2023

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Thursday, June 22, 2023

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SINGAPORE, June 22, 2023 - (ACN Newswire) - Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it will formally introduce its universal loyalty application, Society Pass Loyalty Wallet, at a launch party to be held at Clifford Pier, 80 Collyer Quay, Singapore 049326 at 6 pm on Wednesday, 28 June 2023.

Key Points:

SINGAPORE, June 22, 2023 - (ACN Newswire) - Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it will formally introduce its universal loyalty application, Society Pass Loyalty Wallet, at a launch party to be held at Clifford Pier, 80 Collyer Quay, Singapore 049326 at 6 pm on Wednesday, 28 June 2023.
In particular, guests will witness SoPa Loyalty App seamless integration with Nusatrip.com, Indonesia's oldest online travel agency, and Gorilla.Global, Society Pass' travel telecoms company.
By 4Q 2023, SoPa expects to connect of all of its subsidiaries within its ecosystem to the SOPA Loyalty App, enabling an unparalleled shopping experience for its 3.3 million registered consumers and 650,000 registered merchants.
SoPa Loyalty App offers a wide range of options: gamification, badges, tiers, birthday surprises, and early access privileges.

Society Pass Inc (Nasdaq: SOPA)/Gorilla Global Releases Its Next Generation Mobile Telecoms App Targeted at Travelers in Southeast Asia

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Monday, June 19, 2023

SIM, Friends, GET, Sopa, G, SEA, Gorilla, OTP banka Srbija a.d., SOPA, Ecosystem, Family, SMS, Mobile phone

With a virtual mobile number, Gorilla's users access cost-effective data plans to enjoy a reliable internet connection worldwide.

Key Points:

With a virtual mobile number, Gorilla's users access cost-effective data plans to enjoy a reliable internet connection worldwide.
And through its tiered data plans, Gorilla's customers enjoy global mobile internet and have full control over their data spending.
Asia Pacific currently has over 100 million business travelers, representing more than 30% of the world's market.
Features include:
2) Gorilla Global Mobile App allows users to:
- Purchase, transfer and send data plans and mobile credit to business associates, family and friends
3) Gorilla SwitchBack's features are the following:

Society Pass Inc (Nasdaq: SOPA)/Thoughtful Media Group Inc Acquires Newave Strategic, leading Indonesia-based KOL Management Agency; Onboards +10,000 Indonesia-based Influencers

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Wednesday, May 31, 2023

Fintech, KOL, Advertising, TMG, Nano, Friends, Marketing, COVID-19, Sopa, SEA, Acquisition, SOPA, 10,000, Ecosystem, Family, Social media, Video game, Coaltar of the Deepers

Newave's +10,000 influencers on its talent roster turbocharges TMG's social commerce advertising business in both Indonesia and SEA.

Key Points:

Newave's +10,000 influencers on its talent roster turbocharges TMG's social commerce advertising business in both Indonesia and SEA.
Founded in 2017, Newave has ridden the popularity of social media and social commerce in Indonesia advertising market.
Newave Head of Strategy, Ilhamka Nizam, explains, "According to Datareportal, 68% of Indonesians or 191 million people are on social media as of January 2022.
Covid drove millions of Indonesians to shop online for more than 3 hours daily via their social media.

New SecurityGen study highlights hidden threat to 5G mobile networks from GTP-based cyber-attacks

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Friday, August 11, 2023

LONDON, Aug. 11, 2023 /PRNewswire/ -- Mobile operators need to reassess security vulnerabilities in the key GTP (GPRS Tunnelling Protocol) protocol and bolster GTP security within their networks as they continue to invest in and roll out 5G, according to a new study by SecurityGen, the global provider of security solutions and services for the telecom industry.

Key Points:

SecurityGen's latest report, entitled ' GTP vulnerabilities: A cause for concern in 5G and LTE networks' , is based on 150 telecom security assessments of 39 live mobile networks during 2022 and 2023.
It highlights the most critical GTP-related threats to raise awareness among mobile operators and stakeholders of the hidden vulnerabilities within the protocol.
Kurbatov continued, "The interconnected nature of 3G, 4G, and now 5G mobile networks across different generations amplifies the risks posed by GTP security vulnerabilities.
Our research highlighted a worrying lack of robust security measures across a significant proportion of the mobile networks we examined.

New SecurityGen study highlights hidden threat to 5G mobile networks from GTP-based cyber-attacks

Retrieved on:

Friday, August 11, 2023

LONDON, Aug. 11, 2023 /PRNewswire/ -- Mobile operators need to reassess security vulnerabilities in the key GTP (GPRS Tunnelling Protocol) protocol and bolster GTP security within their networks as they continue to invest in and roll out 5G, according to a new study by SecurityGen, the global provider of security solutions and services for the telecom industry.

Key Points:

SecurityGen's latest report, entitled ' GTP vulnerabilities: A cause for concern in 5G and LTE networks' , is based on 150 telecom security assessments of 39 live mobile networks during 2022 and 2023.
It highlights the most critical GTP-related threats to raise awareness among mobile operators and stakeholders of the hidden vulnerabilities within the protocol.
Kurbatov continued, "The interconnected nature of 3G, 4G, and now 5G mobile networks across different generations amplifies the risks posed by GTP security vulnerabilities.
Our research highlighted a worrying lack of robust security measures across a significant proportion of the mobile networks we examined.

Society Pass Inc’s (Nasdaq: SOPA) 2Q/1H 2023 Financial Results Illustrate Continuing Breakneck Revenue Growth and Exceptional Profit Margin Expansion; Confidently Forecasts Achieving Cash Profitability in 2H 2023

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Thursday, August 10, 2023

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NEW YORK, NY, Aug. 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Incorporated (Nasdaq: SOPA) (“SoPa”), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces unaudited financial results for second quarter ended 30 June 2023 and a filing of its 2Q 2023 Form 10-Q with the Securities and Exchange Commission (SEC).

Key Points:

• While 1H 2023 revenues grew 348.0% year on year, 1H 2023 cash operating expenses declined 28.0% year on year (from $7,864,068 in 1H 2022 to $5,663,264 in 1H 2023).
• While 2Q 2023 revenues grew 338.3% year on year, 2Q 2023 cash operating expenses declined 51.9% year on year (from $4,891,352 in 2Q 2022 to $2,350,345 in 2Q 2023).
• While 2Q 2023 revenues grew 7.1% quarter on quarter, 2Q 2023 cash operating expenses declined 29.1% quarter on quarter (from $3,312,918 in 1Q 2023 to $2,350,345 in 2Q 2023).
With the continuing performance in our three big verticals, we confidently project attaining cash profitability sometime in 2H 2023.”