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Spire addresses cross-border e-commerce challenges across SEA at GSCC’s webinar series

Spire was honored to participate in the second webinar series organized by Global Supply Chain Council (GSCC) as a guest speaker. The webinar was held on 20 December, 2017 in Hong Kong. Jeffrey Bahar, Deputy Chief Executive Officer of the Spire Research and Consulting group shared his insights on cross-border e-commerce challenges and trends for payment and logistics transactions across Southeast Asia. In his presentation, Bahar shared his insights on potential of cross-border e-commerce transactions in South-East Asia, with a focus on challenges involving payment and logistics issues. Bahar mentioned that the e-commerce market represents potential for growth due to the rise in internet users across ASEAN-6 countries (Singapore, Malaysia, Indonesia, Vietnam, Thailand and the Philippines) as of 2016. Product purchases (in millions) were highest for Vietnam (33.26), the Philippines (30.34) and Indonesia (24.74) with clothing, accessories as well as footwear amongst the top 5 p

Bullish outlook for e-commerce in Indonesia

The ASEAN region will see double-digit growth for e-commerce. Indonesia has the highest retail sales in ASEAN at USD469 billion and is expected to see robust e-commerce growth. Jeffrey Bahar, Deputy Chief Executive Office of Spire Research and Consulting group, highlighted the growth potential and key opportunities present in this sector during his presentation at the third Annual South East Asia Retail Expansion Summit in October 2015. The number of online shoppers in Indonesia is set to reach 8.7 million in 2016. Indonesia boasts of being among the top six retail e-commerce markets with a total retail value at USD1.3 billion (in 2013). Bahar mentioned that 51% of Indonesian online shoppers fall in the 21-27 age category where free shipping, exclusive deals, product warranty and safe payment methods are strong motivators. Key growth categories are books (22%) and fashion products (20.5%). Nonetheless, challenges remain. Barriers that need to be addressed to promote Indon

Indonesians at ease with e-money services

With Indonesian consumers increasingly using mobile wallets for payments, E-money transactions have ballooned from 2.6 million in 2008 to a record 203.4 million in 2014. Recognizing the growth potential, the Third Annual Mobile Wallet Conference 2015 gathered industry leaders and government officials to discuss stake-holder responses to key industry trends. Spire’s Deputy CEO Jeffrey Bahar addressed the conference. Jeffrey Bahar, Deputy Chief Executive Officer of the Spire Research and Consulting group, was honored to be invited as a guest speaker at the Third Annual Mobile Wallet Conference held in Jakarta, Indonesia from 18 – 21 August 2015. In his presentation, Bahar spoke about Indonesia’s advancing mobile money industry with focus on four key growth sectors – namely service providers, instruments (mode of service), financial regulatory authorities and services. To describe the growth curve of mobile wallets, Bahar shared a brief overview on how banking institutions and m

Spire addresses cross-border e-commerce challenges across SEA at GSCC’s webinar series

Spire was honored to participate in the second webinar series organized by Global Supply Chain Council (GSCC) as a guest speaker. The webinar was held on 20 December, 2017 in Hong Kong. Jeffrey Bahar, Deputy Chief Executive Officer of the Spire Research and Consulting group shared his insights on cross-border e-commerce challenges and trends for payment and logistics transactions across Southeast Asia. In his presentation, Bahar shared his insights on potential of cross-border e-commerce transactions in South-East Asia, with a focus on challenges involving payment and logistics issues. Bahar mentioned that the e-commerce market represents potential for growth due to the rise in internet users across ASEAN-6 countries (Singapore, Malaysia, Indonesia, Vietnam, Thailand and the Philippines) as of 2016. Product purchases (in millions) were highest for Vietnam (33.26), the Philippines (30.34) and Indonesia (24.74) with clothing, accessories as well as footwear amongst the top 5 pr