Society Pass (Nasdaq: SOPA)/ NusaTrip Collaborates with Periksa.id to Promote Indonesia’s Wellness, Health, and Medical Tourism Recovery Strategy ACN Newswire

Society Pass (Nasdaq: SOPA)/ NusaTrip Collaborates with Periksa.id to Promote Indonesia’s Wellness, Health, and Medical Tourism Recovery Strategy

SINGAPORE, Nov 22, 2022 - (ACN Newswire via SEAPRWire.com) - Nusatrip, the Indonesia-based Online travel agent (OTA) and travel platform of Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) leading data-driven loyalty, fintech and e-commerce ecosystem, today announces an official partnership with Periksa.id, a Jakarta-based leading health-tech solutions company, to enable and introduce flight search engine services in over 200 hospitals and clinics across 13 provinces in Indonesia. Periksa's network covers over 200,000 doctors, medical workers, and over 1.5 million daily patients. The partnership strengthens NusaTrip's commitment to developing more vibrant travel services for all consumers, business partners, and stakeholders in Indonesia and throughout SEA.Wellness, Health, and Medical Tourism have been one of the Ministry of Tourism and Creative Economy's strategies for industry revival since the pandemic of COVID-19 hits. According to Future Market Insights Global and Consulting Pvt. Ltd., the global Medical Tourism market is expected to be valued at US$ 5.2 Billion in 2022 and is projected to grow at a CAGR of 30.5% between 2022 and 2032, totaling around US$ 75 Billion by 2032."We believe that our technology and services can serve a broader range of travel demands and purposes than just leisure. Our collaborations pave the way and build a roadmap in contributing to Indonesia's wellness, health, and medical tourism industry," says Johanes (Joe) Chang, NusaTrip's CEO. Joe further highlights NusaTrip's mission to become a world-class OTA and the most reliable partner that offers a wide range of travel and tourism-related products, services, and experiences to our customers and business partners globally. As the travel industry recovers, NusaTrip continues working within the larger digital ecosystem of Society Pass[1] to offer richer travel products and services for our consumers and partners across Indonesia and Southeast Asia.NusaTrip aims to improve the efficiency of the emergency travel or medical evacuation for patients in need and to support the home care or onsite health care services offered by many doctors, hospitals, and clinics. As NusaTrip's partner of choice, the Indonesian health technology company, Periksa.id has been providing an extensive solution to digitize and improve the quality of healthcare facility services in Indonesia.The Founder and CEO of Periksa.id, Sutan Imam Abu Hanifah explains, "Our new collaborative feature will help doctors and medical staff to easily check the airline's schedule and seat availability for various arrangements, from purchasing tickets for patients in care who are in need of emergency travel or medical evacuation, assisting doctors on business trips such as regular meetings and attending conferences, to helping medical staffs in finding good deals for their short break or recharge." He adds that through the collaboration, Periksa.id users can now use and exchange their loyalty points for travel-related products and services on NusaTrip, and the company has received positive feedback since its launch.The collaboration of NusaTrip and Periksa.id is one of many partnerships to come in gearing up towards the recovery of the travel industry in Indonesia and SEA by 2023/ 2024, following the OTA's acquisition in July 2022 by Society Pass, a global digital commerce ecosystem and loyalty platform company operating in 5 major markets in SEA. With strong support and the new digital ecosystem from Society Pass, NusaTrip enhances its capability to embark on regional expansion and unlimited avenues to grow more channels and revenue streams.[1] NusaTrip is the travel vertical and part of Society Pass Inc. next-gen digital ecosystem and loyalty platform. About Periksa.idPeriksa.id is an Indonesian health technology company that provides an end-to-end cloud-based web and mobile application-as-a-solution that digitize workflow, resources, services, payment, and medical record database management in small-to-large local general-to-specialist, private to state-owned hospitals and clinics in the 1st to 3rd tier cities across the country since its establishment in 20017. For more information, please check out: https://www.periksa.id.About NusaTripFounded in 2013, NusaTrip is an IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing quality customer-centric support team-as-a-service. NusaXchange platform is the travel technology built to consolidate worldwide flight content through streamlined integration with low-cost and full-service airlines from multiple points of sale and enables its global distribution at ease. NusaTrip is a member of Society Pass Incorporated (Nasdaq: SOPA) ecosystem, with headquarters in Jakarta and representative offices in Singapore, Thailand, Vietnam, and the Philippines. For more information, please check out: https://www.nusatrip.com.About Society Pass IncFounded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa's data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam's leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in the Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.For more information on Society Pass, please check out:Website at https://www.thesocietypass.com orLinkedIn at https://www.linkedin.com/company/societypass orFacebook at https://www.facebook.com/thesocietypass orTwitter at https://twitter.com/society_pass orInstagram at https://www.instagram.com/societypass/.Cautionary Note Concerning Forward-Looking StatementsThis press release may include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Media Contacts:Rosa Milyarna - NusaTriprosa@NusaTrip.comPRecious Communicationssopa@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Spartan Capital: Society Pass (Nasdaq: SOPA) – SoPa’s Nusatrip Cleared for Take-off ACN Newswire

Spartan Capital: Society Pass (Nasdaq: SOPA) – SoPa’s Nusatrip Cleared for Take-off

NEW YORK, Aug 27, 2022 - (ACN Newswire via SEAPRWire.com) - Spartan Capital Securities LLC ("Spartan Capital") issues Equity Research Report on Society Pass Inc. (Nasdaq: SOPA) ("SoPa").Click Here (on Society Pass website) to view the full Spartan Capital Equity Research Report. https://tinyurl.com/SpartanCapital-SOPA-25AugustSummary Points:- Society Pass recently closed on its acquisition of the Indonesian online travel site Nusatrip just as the Indonesian travel market is taking off with international travel up 525% year-to-date.- The deal was signed at an event on July 1st and just closed on August 15th with SoPa paying $620,000. Spartan Capital attended the closing event, visited Nusatrip's Jakarta offices, met with its founder and CEO, and met the president of the seller, PT Moratelindo in Jakarta. Moratelindo is a telecom juggernaut in Indonesia with strong government connections, but Nusatrip was not a core business. The two companies remain close, for example with Nusatrip utilizing Moratelindo data centres, so SoPa has gained a strong, valuable partner in the region.- Nusatrip is the third largest online travel agency in Indonesia, after Traveloka, which is independent, and Tiket.com, which is owned by the Indonesian conglomerate Djarum Group. According to recent press accounts, both have considered capital markets transactions in the last year which would value each in the billions of dollars. So Nusatrip could well be worth more than SoPa paid.- Indonesia is a democracy with the fourth largest population in the world. GDP growth is projected at around 5% this year and next and its rapidly growing young population is served by numerous ultra-low-cost carriers (ULCCs). In Spartan Capital experience, young emerging market adults tend to avail themselves of international travel as soon as they have some disposable income. The domestic market is huge as Indonesia is an archipelago consisting of 18,000 islands, so much travel is by air, not by car.- Nusatrip was EBITDA positive and growing rapidly before the pandemic with positive EBITDA from 2014, its second year in business, to 2018.- The Indonesian travel market is again booming with traffic up 92% over 2021 through the first six months of this year. Spartan Capital expects this rebound to continue as it began later than the US and European markets and traffic is only about half that of 2019, before the pandemic.- So, in Spartan Capital's view, SoPa has impeccable timing, buying a business that was loaded with debt incurred to cover operating costs during the pandemic but poised for rapid growth, and likely to return to profitability again soon.- Spartan Capital identifies six relatively straightforward synergies between Nusatrip and the other SoPa business units which should drive revenue across the ecosystem, furthering the founder's dream of creating the next billion-dollar Southeast Asia super-app.1. Expand Nusatrip to the other four countries where SoPa operates.2. Cross sell Gorilla travel eSIMs so Nusatrip international travel customers can use their phones abroad.3. Leverage Thoughtful Media social media/influencer marketing to market the service.4. Leflair, SoPa's luxury goods flash sale app, is launching in Indonesia later this year.5. Allow Nusatrip customers to earn points through the Society Pass loyalty program to purchase goods on any of the seven other SoPa businesses.6. Allow customers of the other seven SoPa businesses to use their loyalty points for travel booked through Nusatrip.About Society Pass IncAs a digitally-focused loyalty and data marketing ecosystem in Vietnam, Indonesia, Philippines, Singapore and Thailand and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce holding company operating 6 interconnected verticals (loyalty, lifestyle, F&B, telecoms, digital media, and travel), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.SoPa's business model focuses on analysing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and increases customer retention for merchants. Since its inception, SoPa has amassed over 3.3 million registered consumers and over 205,000 registered merchants/brands onto its platform. It has invested 2+ years building proprietary IT architecture with cutting-edge components to effectively scale and support its consumers, merchants, and acquisitions.Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Leflair.com, Vietnam's leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Vietnam, Mangan, the leading local restaurant delivery service in Philippines, Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based, a social commerce-focused, premium digital video multi-platform network, and NusaTrip ("NusaTrip"), a leading Jakarta-based Online Travel Agency ("OTA") in Indonesia and across SEA. For more information, please check out: http://thesocietypass.com/.Media Contacts:PRecious Communicationssopa@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Society Pass (纳斯达克: SoPa) 收购总部位于雅加达的 NusaTrip,这是印度尼西亚首家国际航空运输协会认可的在线旅行社,标志着首次进军印度尼西亚 ACN Newswire

Society Pass (纳斯达克: SoPa) 收购总部位于雅加达的 NusaTrip,这是印度尼西亚首家国际航空运输协会认可的在线旅行社,标志着首次进军印度尼西亚

JAKARTA, Aug 15, 2022 - (亚太商讯 via SEAPRWire.com) - 东南亚(“SEA”)下一代数字生态系统 Society Pass Inc(纳斯达克代码:SOPA)宣布收购印度尼西亚和东南亚领先的雅加达在线旅行社(“OTA”) NusaTrip(“NusaTrip”) . 收购 NusaTrip 将 SoPa 的业务范围扩展到蓬勃发展的东南亚地区旅游业,标志着 SoPa 首次进军印度尼西亚,并增加了 SoPa 位于越南、印度尼西亚、菲律宾、新加坡和泰国的技术型公司不断增长的生态系统。NusaTrip 成立于 2013 年,是第一家获得国际航空运输协会认可的印尼 OTA,率先为印尼企业和零售客户提供全方位的航空公司和酒店服务。 凭借其先发优势,NusaTrip 在全球拥有超过 120 万注册用户、超过 500 家航空公司和超过 200,000 家酒店,并与超过 8000 万独立访客建立了联系。Society Pass 创始人、董事长兼首席执行官 Dennis Nguyen 解释说:“我们很高兴地欢迎 NusaTrip 加入我们不断扩大的 SoPa 生态系统。随着我们进入另一个领先的东南亚市场,NusaTrip 无缝融入我们的用户和商家增长战略。我们将 NusaTrip 电子商务旅游平台的强大技术和运营广度与我们在东南亚的丰富品牌建设经验相结合。通过此次收购,SoPa 现在将我们的六个垂直领域(忠诚度、生活方式、食品和饮料、电信、数字媒体和旅游)交叉融合到一个有凝聚力的忠诚度和电子商务平台中,为我们的消费者和商家提供增强的产品和服务遍及东南亚最大的国家。随着我们机会性地收购市场领先的公司并与有远见的企业家合作,SoPa 在 2022 年不断发展壮大,这突显了我们独特的聚合方法,该方法反映了在增加收入和优化成本方面的即时回报。”Society Pass 印度尼西亚地区经理 Patrick Soetanto 补充说:“我们将在不久的将来扩展 NusaTrip 的服务,通过在其组合中整合更多旅游产品线并为更大的国际市场开发更具竞争力的产品,以支持更多东南亚国家的未来增长途径。和地区观众。”随着越来越多的消费者参与大流行后的旅行,印度尼西亚和东南亚的入境和出境旅游收入有望继续飙升,从而受益于旅游业的高增长。需求的显着增长是由政府大力推动旅游业的举措、印度尼西亚新兴中产阶级的崛起以及强大的互联网普及率推动的,这使得更多的印度尼西亚人能够通过 OTA 轻松预订航班和酒店。“NusaTrip 很自豪能与 SoPa 正式合作。通过与 SoPa 广泛的生态系统以及 SEA 的庞大用户和商家基础联手,我们对联合营销能力感到兴奋。随着 2022 年第 2 季度/第 3 季度整个东南亚旅游市场的复苏,NusaTrip 旨在通过为该地区的商务和休闲旅客提供更具竞争力、无附加费的酒店和航班票价、便捷的支付方式以及快速的行程预订来显着增加其客户群,” Nusatrip 联合创始人 Menak Galumbang 评论道。关于Society Pass作为越南、印度尼西亚、菲律宾、新加坡和泰国的忠诚度和数据营销生态系统,SoPa 在安吉利斯、曼谷、河内、胡志明市、雅加达、马尼拉和新加坡设有办事处,是一家专注于收购的电子商务控股公司,经营 6 个相互关联的垂直领域(忠诚度、生活方式、餐饮、电信、数字媒体和旅游)无缝连接东南亚多个产品和服务类别的数百万消费者和数千名商家。其商业模式侧重于通过普遍忠诚点的预期流通来收集用户数据。SoPa 忠诚度平台可推动客户获取并提高商家的客户保留率。自上线至今,SoPa已累计注册用户超330万,注册商家和品牌超205,000家。自此,SoPa投入了2年多的时间来构建专有IT架构,使用尖端组件来有效地扩展并支持其平台消费者、商家和收购业务。SoPa 利用技术为客户在购买过程中定制更个性化的体验,并改变东南亚的整个零售价值链。SoPa 还运营着越南领先的生活方式电子商务平台 Leflair.com、菲律宾受欢迎的杂货配送公司 Pushkart.ph、位于越南河内的领先在线餐厅配送服务 Handycart.vn和 Gorilla Networks,位于新加坡的支持区块链/web3 的移动虚拟网络运营商。SoPa 运营着总部位于曼谷的以社交商务为重点的优质数字视频多平台网络 Thoughtful Media Group,以及菲律宾领先的当地餐厅外卖服务 Mangan。请登陆 http://thesocietypass.com/ 了解详情。媒体联络:PRecious Communicationssopa@preciouscomms.com Copyright 2022 亚太商讯. All rights reserved. (via SEAPRWire)
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Society Pass (Nasdaq: SoPa) Marks First Foray into Indonesia by Acquiring Jakarta-based NusaTrip, Indonesia’s First International Air Transport Association-Accredited Online Travel Agency ACN Newswire

Society Pass (Nasdaq: SoPa) Marks First Foray into Indonesia by Acquiring Jakarta-based NusaTrip, Indonesia’s First International Air Transport Association-Accredited Online Travel Agency

JAKARTA, Aug 15, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Inc (Nasdaq: SOPA), Southeast Asia's ("SEA") next generation digital ecosystem, announces the acquisition of NusaTrip ("NusaTrip"), a leading Jakarta-based Online Travel Agency ("OTA") in Indonesia and across SEA. The NusaTrip acquisition extends SoPa's business reach into the booming SEA regional travel industry and marks SoPa's first foray into Indonesia as well as adds to SoPa's growing ecosystem of technology-enabled companies located in Vietnam, Indonesia, Philippines, Singapore and Thailand.Established in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, NusaTrip pioneered offering a comprehensive range of airlines and hotels to Indonesian corporate and retail customers. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +200,000 hotels around the world as well as connected with over 80 million unique visitors. Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, explains, "We happily welcome NusaTrip into our ever-expanding SoPa ecosystem. NusaTrip seamlessly blends into our user and merchant growth strategy as we enter yet another leading SEA market. We combine the robust technology and operational breadth of NusaTrip's e-commerce travel platform with our extensive brand building experience in SEA. With this acquisition, SoPa now cross-pollinates and integrates our six verticals (loyalty, lifestyle, food & beverage, telecoms, digital media and travel) into one cohesive loyalty and e-commerce platform to provide enhanced products and services for our consumers and merchants throughout the largest countries of SEA. SoPa has grown from strength to strength in 2022 as we opportunistically acquire market leading companies and partner with visionary entrepreneurs, underlining our unique aggregator approach that reflects immediate returns in terms of increased revenue generation and cost optimisation."Patrick Soetanto, Society Pass Indonesia Country Manager, adds, "We will expand NusaTrip's services to support future growth pathways in more SEA countries in the very near future by integrating more travel product lines in its mix and developing more competitive products for a much larger international and regional audience." Well-positioned to benefit from a high-growth travel industry, Indonesia's and SEA's inbound and outbound travel revenues are expected to continue soaring as increasingly more consumers engage in post-pandemic travel. This marked increase in demand is driven by strong government initiatives to boost tourism, the rise of Indonesia's burgeoning middle class and strong internet penetration, which enables more Indonesians to easily book flights and hotels through OTAs."NusaTrip is proud to officially partner with SoPa. By joining forces with SoPa's extensive ecosystem and large user and merchant bases in SEA, we are thrilled about the combined marketing capabilities. With the revival of the travel market throughout SEA in 2Q/3Q 2022, NusaTrip aims to dramatically increase its customer base by offering the region's business and leisure travellers more competitive, no-surcharge hotel and flight fares, convenient payment methods, and speedy itinerary bookings with our user-friendly platform," comments Menak Galumbang, Co Founder, Nusatrip. About Society PassAs a digitally-focused loyalty and data marketing ecosystem in Vietnam, Indonesia, Philippines, Singapore and Thailand and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce holding company operating 6 interconnected verticals (loyalty, lifestyle, F&B, telecoms, digital media, and travel), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.SoPa's business model focuses on analysing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and increases customer retention for merchants. Since its inception, SoPa has amassed over 3.3 million registered consumers and over 205,000 registered merchants/brands onto its platform. It has invested 2+ years building proprietary IT architecture with cutting-edge components to effectively scale and support its consumers, merchants, and acquisitions.Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Leflair.com, Vietnam's leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Vietnam, Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based, a social commerce-focused, premium digital video multi-platform network, and Mangan, the leading local restaurant delivery service in Philippines. For more information, please check out: http://thesocietypass.com/.Media Contacts:PRecious Communicationssopa@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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