Society management

MVNO Gorilla Networks based on the S’pore blockchain acquired by Society Pass

Singapore-based telecommunications startup Gorilla Networks has been acquired by Vietnam-based loyalty and e-commerce platform Society Pass Incorporated.

Gorilla Networks was founded in 2019 and operates as a Web3.0-enabled mobile virtual network operator (MVNO). The company has been making waves with its offerings, combining mobile services with non-fungible tokens (NFTs).

Currently, Gorilla has network coverage in over 160 countries and offers customers the ability to convert unused mobile data into NFTs and Gorilla GO tokens, which can be redeemed for vouchers, among other benefits.

With international borders reopening as the world recovers from the Covid-19 pandemic, Gorilla plans to grow its customer base by marketing to travelers from the region and plans to expand its MVNO services into Vietnam, Thailand and Malaysia. over the next 12 months.

Xanne Leo, founder and CEO of Gorilla Networks / Image credit: Gorilla Networks

Xanne Leo, Founder and CEO of Gorilla Networks, said the partnership would combine the two companies’ marketing capabilities and enable Gorilla to bring value to more users in line with their vision to build a “services platform democratized mobile communications”.

Society Pass, as an e-commerce platform, operates multiple platforms in Southeast Asia and focuses on analyzing user data and enabling businesses to retain customers through their proprietary IT architecture and to their specialized point-of-sale technology solution. Their POS system includes a comprehensive payment system, loyal customer management, user profile analysis, among other features.

Dennis Nguyen, Founder and CEO of Society Pass, explained that the acquisition would allow Society Pass to integrate Gorilla’s blockchain and Web3 capabilities into the Society Pass ecosystem, and allow customers to leverage the metaverse for a future development.

“Gorilla’s technology platform aligns well with our acquisition strategy. From our lifestyle e-commerce platform Leflair to our Pushkart/Handycart F&B delivery services, as we roll out the Society Pass loyalty platform in the coming months, we are leveraging Gorilla’s technology to build merchant customer loyalty and create innovative revenue models for our ecosystem. ”

Featured Image Credit: Society Pass Incorporated / Gorilla Mobile