"Merchants are increasingly mindful of their marketing spend, and that's where our pay-per-sale model resonates with them," said 35-year-old Chan. "You can see this from the uplift in merchants joining us. And in the first half of this year, we have driven slightly under $1 billion in sales for our merchants."
The company's efforts to move businesses online is to help diversify their sales channels. Even before Covid-19 hit, found that 92% of companies believed they would haveto alter their business models as a result of digitization.While the pandemic fast-tracked the digitization of many industries, it also unearthed shortcomings in global internet infrastructure.
Over the past four years, laser communications start-up Transcelestial has been working to bridge that gap with a more efficient and less expensive alternative to traditional internet services."When you look at the world right now, nearly half of the world is still unconnected, and we're talking about no internet services, not even basic cellular connectivity," said Rohit Jha, co-founder and CEO. At the end of 2019, 3.
As the push toward 5G heats up, that technology will become more important. Though Singapore ranks as a
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