- Society Pass (SoPa) makes its first Singapore acquisition of Gorilla Networks, a leading next-generation Blockchain/Web3 mobile virtual network (“MVNO”) operator.
- Gorilla Networks is the first blockchain/Web3-enabled MVNO to offer contract-free mobile on-demand service non-fungible tokens (“NFT”). Users convert unused mobile data into digital assets – Gorilla GO tokens
- With mobile data network coverage in over 160 countries, Gorilla Networks plans to significantly increase its user base and expand throughout Southeast Asia as the travel market rebounds in 2Q/ 3Q 2022
- SoPa will integrate Gorilla Networks’ proprietary blockchain/Web3 technology with the rest of the SoPa ecosystem to meet SEA’s growing demand for a new meta-economy experience
SINGAPORE, June 03, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s leading data-driven loyalty and e-commerce ecosystem, has today announced the acquisition of Singapore-based Gorilla Networks Pte Ltd (“Gorilla”), a leading next-generation Web3-enabled MVNO.
Established in Singapore in 2019, Gorilla uses Web3 technology to operate an MVNO for its users in Southeast Asia. With network coverage in over 160 countries, Gorilla offers a full suite of mobile communication services such as local calls, international roaming, data and SMS. Most importantly, Gorilla enables its customers to convert unused mobile data into digital assets or Gorilla GO tokens through its exclusive blockchain-based SwitchBack feature. Gorilla GO tokens can in turn be redeemed for e-vouchers, to offset future bills, or be redeemed for other value-added services.
With the travel market rebounding across Southeast Asia in 2Q/3Q 2022, Gorilla plans to significantly increase its customer base by marketing to business and leisure travelers in the region through its user-friendly technology platform. . It plans to expand its MVNO service offering to Vietnam, Thailand and Malaysia over the next 12 months.
Dennis Nguyen, Society Pass Founder, Chief Executive Officer, explained, “We are thrilled to complete our first acquisition in Singapore and welcome Gorilla to our SoPa family. Gorilla’s technology platform aligns well with our acquisition strategy as we integrate Gorilla’s blockchain and Web3 capabilities into the SoPa ecosystem and enable the new meta-economy for all of our portfolio companies. 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. ”
“When we launched Gorilla Networks three years ago, our vision was to create a democratized mobile communications services platform where users, regardless of nationality, location or mobile subscriptions, can access essential telecommunications services such as roaming and mobile data anywhere in the world. Gorilla is currently transitioning existing web 2 telecommunications services into the web 3 economy by tokenizing mobile data as digital assets. 2021, we digitized eSIMS, data plans and mobile numbers as NFTs, which radically transformed the way our users buy, interact and use mobile services.By joining forces with the vast ecosystem and the SoPa’s large user base in Southeast Asia, we are excited about the combined marketing capabilities we will now bring to collect ive to our partners and customers,” said Xanne Leo, Founder and CEO of Gorilla Networks.
Society Pass leverages cutting-edge technology to personalize an unprecedented experience for the next generation of customers in the buying journey and to transform the entire retail value chain in Southeast Asia . Through the acquisition of market-leading companies and partnerships with visionary entrepreneurs in six distinct B2C e-commerce verticals: lifestyle, food and beverage delivery, travel, digital marketing, telecommunications and ordering food and beverage, the company is responding to SEA’s growing demand for a new meta-economy experience.
About the Company Pass
As a loyalty and data marketing ecosystem, Society Pass operates multiple e-commerce platforms in its key SEA markets. Its business model focuses on analyzing user data through the planned launch of its Society Pass loyalty platform and the circulation of its universal loyalty points, which seamlessly connects consumers and merchants across multiple product categories. and services to promote organic loyalty. Since its inception, SoPa has gathered over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested over 2 years in building a proprietary IT architecture with state-of-the-art components to effectively scale and support its consumers, merchants and acquisitions.
Society Pass provides #HOTTAB Biz and #HOTTAB POS merchants – a specialized point-of-sale technology solution, a comprehensive payment system, loyal customer management, user profile analytics and convenient financial support packages for merchants. small and medium enterprises.
In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in the Philippines, and Handycart.vn, a restaurant delivery service. leading online company based in Hanoi, Vietnam.
For more information, please visit: http://thesocietypass.com/.