SOPA

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

Retrieved on: 
Friday, August 4, 2023

Through this partnership, Society Pass’s loyalty application would be able to offer 2C2P’s wide array of alternative payment options to customers based in the Philippines and Indonesia.

Key Points: 
  • Through this partnership, Society Pass’s loyalty application would be able to offer 2C2P’s wide array of alternative payment options to customers based in the Philippines and Indonesia.
  • 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.
  • 2C2P’s customers can use their preferred payment method via cards, digital wallets, or over-the-counter at over 400,000 locations in Asia.

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

Retrieved on: 
Thursday, July 20, 2023

JAKARTA, Indonesia, July 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – NusaTrip Inc (“NusaTrip”), the online retail arm of Society Pass Incorporated ("SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it has acquired Vietnam International Travel and Service JSC (“VIT”), an IATA-licensed, full-service travel agency focused on marketing to the Vietnam inbound and outbound segments.

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.
  • We are growing NusaTrip at the opportune time.”
    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.

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

Retrieved on: 
Wednesday, July 12, 2023

NEW YORK, NY, July 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Ascendiant Capital Markets LLC (“Ascendiant”) initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”).

Key Points: 
  • NEW YORK, NY, July 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - 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) or Here (on Ascendiant Capital Markets website) 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

Retrieved on: 
Friday, July 7, 2023

SINGAPORE, July 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – NextGen Retail Inc (“NextGen Retail”), the online retail arm of Society Pass Incorporated ("SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it has entered into an agreement to acquire 95% of PT Inetindo Info (“Inetindo”), a wholly subsidiary of Story-I Limited (“Story-I”). 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.
  • Through cross-selling synergies, the Inetindo acquisition will accelerate the growth of SoPa’s other Indonesian businesses, including NusaTrip Inc and Thoughtful Media Inc .
  • NextGen Retail acquires Inetindo with its physical and intangible assets in an all-cash transaction valued at AUD 2.78 million equal to approximately US$1.85 million based on current exchange rates.
  • I wish Society Pass and NextGen Retail the best of luck as they take over a strong brand in Indonesia.

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

Retrieved on: 
Thursday, June 22, 2023

SINGAPORE, June 22, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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.
  • SoPa Loyalty Wallet allows users to pay for goods and services by scanning QR Codes and making payments via credit card, debit card, or Society Points.
  • 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

Retrieved on: 
Monday, June 19, 2023

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 Incorporated Announces Participation in the LD Micro Invitational XIII

Retrieved on: 
Sunday, June 4, 2023

New York, New York--(Newsfile Corp. - June 4, 2023) - Society Pass Incorporated (NASDAQ: SOPA) announced today that it will be presenting at the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel, California on June 6th-8th, 2023.

Key Points: 
  • New York, New York--(Newsfile Corp. - June 4, 2023) - Society Pass Incorporated (NASDAQ: SOPA) announced today that it will be presenting at the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel, California on June 6th-8th, 2023.
  • The event is expected to feature 150+ companies, presenting in half-hour increments, as well as private 1:1 meetings.
  • Society Pass Incorporated is scheduled to present on June 7th at 12:00 PM PT.
  • We invite interested parties to register for the event here: https://ldinv13.sequireevents.com/

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

Retrieved on: 
Wednesday, May 31, 2023

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.

Society Pass (Nasdaq: SOPA) Announces 2022 Annual General Meeting of Shareholders on 27 June 2023

Retrieved on: 
Wednesday, May 24, 2023

SINGAPORE, May 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Incorporated ("SoPa” or the “Company”) (Nasdaq: SOPA), Southeast Asia’s (SEA) leading data-driven loyalty, fintech and e-commerce ecosystem, today announces that it will hold its 2022 Annual General Meeting (“AGM”) of shareholders at 9:00 a.m. (Eastern time) on Tuesday, 27 June 2023 at Society Pass' headquarters located at Grace Global Raffles, #14-01, 137 Market Street, Singapore 048943.

Key Points: 
  • SINGAPORE, May 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Incorporated ("SoPa” or the “Company”) (Nasdaq: SOPA), Southeast Asia’s (SEA) leading data-driven loyalty, fintech and e-commerce ecosystem, today announces that it will hold its 2022 Annual General Meeting (“AGM”) of shareholders at 9:00 a.m. (Eastern time) on Tuesday, 27 June 2023 at Society Pass' headquarters located at Grace Global Raffles, #14-01, 137 Market Street, Singapore 048943.
  • Schedule 14A has been filed on U.S. Securities and Exchange Commission website.
  • The Company previously announced it filed its annual report on Form 10-K, including its audited financial statements for the fiscal year ended 31 December 2022, with the U.S. Securities and Exchange Commission.
  • The Company’s Form 10-K can be accessed on the SEC’s website at www.sec.gov.

Maxim Research Update: Society Pass (Nasdaq: SOPA) – Compelling Valuation; 1Q23 EBITDA Beats Forecast

Retrieved on: 
Tuesday, May 16, 2023

NEW YORK, NY, May 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Maxim Group LLC (“Maxim”) issues research report on Society Pass Inc. (Nasdaq: SOPA) (“SoPa”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Key Points: 
  • Click Here (on Maxim research website) or Here (on Society Pass website) to view the full Maxim research report.
  • • Maxim maintains 2023 and 2024 revenue and EBITDA estimates – SOPA reports improving topline and narrowing losses going forward.
  • • Revenues growing much faster than cash expenses – 1Q23 revenues of $2.0M increased significantly from $0.4M in the prior year quarter.
  • 1Q23 adjusted EBITDA loss of ($2.7M) was slightly narrower than our estimate of ($2.8M) and improved from a loss of ($3.4M) in the prior year quarter.