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The company has retreated from being a global player to a regional one and is redirecting its advertising-based video on demand (AVOD) model to three largest Southeast Asian markets: Indonesia, Malaysia and the Philippines. The AVOD is taken out of China’s streaming giant iQiyi’s playbook, and it is now the primary revenue source for iflix. … Read more
This explains the apparent absence of Coins’ QR code payments in physical establishments such as malls and restaurants. QR code payments require investment from the providers. Typically, big merchants need hardware like a specialised point-of-sale (PoS) machine that’s integrated with their traditional PoS system to scan customers’ dynamic QR codes—generated by mobile apps. Reading Between … Read more
Besides GCash and PayMaya, Coins is up against a formidable challenger in the form of Gojek’s arch-rival Grab. The Singapore-based company has a virtual monopoly over ride-hailing in Southeast Asia. Its digital wallet GrabPay claims to have seen high double-digit growth in active Filipino users. Interestingly, Grab swooped in with a larger proposal for Coins … Read more
Other than startups that sell enterprise solutions in the hospitality sector, no other startup that us spoke to reported any significant dip in business. But all these startups were cognizant that it is likely to be just a matter of time. These startups are soon expecting slowing growth and delays or cancellations in sales. Customers … Read more
As consumer activities drop, large-scale layoffs are not just a possibility but simply inevitable. The fact that a lot of people are already out of work or face being permanently laid off will shrink discretionary spending with folks saving money for tough days ahead and restricting spending to healthcare and disaster preparations. Across the board, … Read more