PayPal: Singapore gov't can 'make' mobile e-commerce market

Mobile e-commerce slow to take off in Singapore but government-led project aims to change that

Unsure that market forces alone can do the job, PayPal is betting Singapore's government can spur the development and adoption of mobile e-commerce applications in the Southeast Asian city-state.

PayPal is working with the Infocomm Development Authority of Singapore (IDA) to develop mobile e-commerce services through a project called Digital Concierge, the first time the online payment company has worked with a government in this way, it said.

"We want to make the market, rather than wait for it," said Rahul Shinghal, Asia-Pacific head of mobile products at PayPal, during a phone interview.

Originally conceived in 2007 by IDA and the Singapore Tourism Bureau as a mobile information service for tourists, Digital Concierge has evolved into a much broader plan focused on the development of mobile services in Singapore.

Last year, IDA sought the help (PDF) of companies to develop mobile services and to provide the technology components needed to build them. One of those technology components is a mobile payment platform, including software libraries that can be used to add payment capabilities to mobile applications, which PayPal will provide.

Mobile e-commerce has yet to take off in Singapore. Whether the Digital Concierge effort can spur wider adoption of mobile e-commerce applications, such as online shopping, restaurant reservations and ticket purchases, in Singapore remains to be seen. But PayPal hopes IDA's efforts to bring companies together to build mobile e-commerce applications will act as a catalyst that leads more business to use the technology, Shingal said.

Globally, PayPal said the volume of mobile payment transactions is rising, from US$25 million in 2008 to $141 million in 2009. The company expects to handle $500 million worth of mobile payment transactions this year.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags paypalmobile commercepayment gatewaysSingapore

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Sumner Lemon

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?