Enterprise

Visa and Shopee launches campaign to help merchants go digital

Customers are also encouraged to buy local

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E-commerce platforms are on the rise lately as the pandemic takes its toll on traditional shopping outlets. To encourage more merchants to go digital, Visa and Shopee teamed up to launch a new campaign for consumers and merchants alike.

They call it Where You Shop Matters and it aims to encourage consumers to support local brands online while encouraging other businesses to go digital. As part of the campaign, Shopee will offer discounts and perks for Visa cardholders buying from local merchants.

In this day and age, local merchants need an online presence to survive. A Visa study showed that 77% of Filipinos believe that it is important for local merchants to have an online presence. For Dan Wolbert — Visa Country Manager for the Philippines and Guam —  the pandemic accelerated a rapid shift to digital payments with small businesses needing a digital transformation to do well.

To help these small businesses get up to speed, Visa will provide a special e-commerce starter kit for growing and managing digital stores. Businesses can also avail of discount rates and free onboarding support on BigCommerce upon setting up their own store. Other perks and packages also include a Microsoft Office 365 Business package and a Google Ads cashback.

Meanwhile, small businesses that also have their own physical stores may avail of free Visa point-of-sale (POS) signage. This will help build trust between local merchants and their customers and further seamless payments once the pandemic is over.

Where You Shop campaign is part of Visa’s broader strategy. The company’s strategy aims to support millions of small and micro enterprises (SMEs) in the Asia Pacific. It has also committed US$ 210 million for emergency relief through the Visa Foundation.

Interested merchants may know more about the campaign by visiting this site.

Enterprise

South Korea investigating Apple and Google for app payments

In hot water

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Both Apple and Google are endlessly circulating in a maelstrom of controversy surrounding their respective app stores. Last year, app developers went up against the two giants for enforcing unfair payment systems against smaller developers. Since then, the issue has raged on. Now, South Korea is going after the two companies for the same problem.

As reported by Reuters, South Korean authorities, specifically the Korea Communications Commission, have decided to investigate Apple and Google for reportedly forcing developers into adopting payment systems inside App Store and Play Store.

Unfortunately, the report does not indicate what the companies exactly did to warrant an investigation. While one can easily cast it off as forcing the system unto others, it can also encompass a failure to meet the requirements on time. Google, for example, has stated that it has (and is still willing to) cooperate with authorities to resolve the issue.

Apple, on the other hand, has not commented on the issue.

Back in 2020, Fortnite, one of the most controversial instances of the issue, was expelled from the App Store and the Play Store for going against the margins demanded by Apple and Google. Since then, other apps, like Tinder, have also seesawed their way in and out of the issue.

SEE ALSO: Google is potentially banning Tinder from Play Store

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Enterprise

Snapdragon partners with Manchester United

Qualcomm gets into more sports

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Technology is quietly merging with sports. For a while now, a few of the world’s biggest companies have partnered with teams in various sports. Just this year, we’ve seen logos in the NBA and in Formula One. Now, it’s time to see the same in the Premier League. In another surprising move, Qualcomm and Snapdragon have partnered with Manchester United.

Manchester United is one of the most recognizable teams in the world, even outside of football. Because of the team’s popularity, the agreement is a big grab for Qualcomm. The company, especially the Snapdragon brand, will likely feature prominently around the team’s events. However, the bigger question is what the tech brand can bring to the world of football.

According to Qualcomm’s announcement, Snapdragon will help the team “create unique events and experiences for Manchester United fans at Old Trafford [the team’s home stadium] and around the world.” At the same time, the company will also improve connectivity at Old Trafford. Given what the company has done before, it’s also likely that it will provide the team with any tech needs the latter might have.

Surprisingly, this isn’t Qualcomm’s first sports partnership this year. Earlier, the company also announced a partnership with Ferrari’s Formula One team. Similarly, Google partnered with a competing Formula One team, McLaren. And, speaking of Google, the company also made the Pixel 6 series a major presence in the NBA last season.

Sports is one of the world’s most popular pastimes. Partnerships like these can work wonders in terms of a company’s presence, albeit to surprising results.

SEE ALSO: Qualcomm announces surprising partnership with Ferrari

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Enterprise

Xiaomi now No. 266 in Fortune Global 500 List

Improving for the 4th straight year

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For the fourth consecutive year, Xiaomi Group improved their position in the Fortune Global 500 List.

The Chinese smartphone manufacturer is now ranked No. 266, the company’s best spot in the list since making its debut in 2019 and 72 spots better than their last year’s ranking of No. 338.

The milestone is a fitting icing on the cake as Xiaomi Group set records in 2021 in terms of revenue and net profit.

The company’s total revenue increased by 33.5 percent last year, generating RMB 328.3 billion while their net profit improved by 69.5 percent, earning RMB 22 billion. 

Global shipments also hit a high last year, thanks to their Smartphone x AIoT strategy. According to Canalys, Xiaomi also ranks third in global smartphone market share at 14.1 percent.

Other highlights of Xiaomi’s record-breaking 2021 include:

  • Brand ranked first in 14 markets, was in the Top 5 of 62 markets
  • Global MIUI monthly active users reached 509 million (28.4 percent increase)
  • High-end smartphone shipments increased to about 13 percent

Not letting up just as accomplishments continue to pile, Xiaomi also increased its budget for research and development, tallying a 42.3 percent increase in total R&D expenditure.

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