Institute for Information Industry (III), the largest fully-functioned Non-Governmental Organization (NGO), ICT Research Institute in Taiwan, is partnering with MOLPay Sdn. Bhd., Southeast Asia’s leading payment gateway provider headquartered in Malaysia, to offer businesses with the opportunity to own an online shopping mobile App. With the new collaboration, businesses can create and own their exclusive mobile app shop through KD8 website, https://kd8shop.net/shop.
The partnership will start in Malaysia and Singapore initially and next, to be implemented in other countries in near future. MOLPay feels extremely privileged to collaborate with III, especially in exploring these new business opportunities in this region and for having to be the first to introduce the mobile App shop to Asian merchants.
According to Internet Live Stats, Southeast Asia’s main market, which includes Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, has a combined population of 560 million and 200 million internet users, yet only 3% of retail shopping comes from online. “In the next few years, online and mobile shopping in Southeast Asia will enjoy tremendous growth and expected to be the fastest growing region globally. MOLPay has invested heavily in enhancing the payment checkout page’s user interface and user experience. “We believe that partnering with MOLPay will provide a first-class payment experience for the end users,” says Tony Hsieh, Project Manager of International Division, III Taiwan.
“A research by Internet Retailer also shows that 46.1% of cart abandonments occur at the payment stage. While, the length or complicated checkout forms, ugly user interface, unfriendly user experience accounts for approximately 62% of Southeast Asia’s cart abandonments. You may have built a marvelous shopping app, but if your customers bail out during the checkout processes due to any of those reasons mentioned above, you will not get your money or payment for the purchases made by the users” says Oon Wee Keong, Chief Operation Officer of MOLPay.
With an Online Mobile App shop enabler solution like KD8 and a payment solution like MOLPay, business owners can start their very own business to sell via their own mobile shopping App. Now everyone can start and own a mobile App store.