ShopeePay - Competitor Profile

ShopeePay - Competitor Profile

Summary

ShopeePay is one of the most popular mobile wallet brands in Southeast Asia. The brand is part of Shopee, a leading ecommerce company in the region. ShopeePay is the subsidiary of Singapore-based tech conglomerate Sea limited. Launched in 2018, ShopeePay has been expanding its presence across geographies and now available in Indonesia, Singapore, Malaysia, Vietnam, Thailand, and the Philippines, serving over 30 million users.

ShopeePay allows users to make all types of payments including online payments, in-store payments, and utility bill payments for the likes of electricity and water. In addition, it also supports P2P fund transfers by using the recipient’s mobile phone number or ShopeePay username.

Users can make payments using their ShopeePay wallet balance as well as from linked bank accounts. Users can top up their wallet balance using different payment methods including debit cards, credit cards, and bank accounts.

In March 2023, ShopeePay partnered with Apple Pay, allowing users to make App Store, Apple Music, Apple TV app, iTunes Store, and iCloud storage payments via ShopeePay.

The report provides information and insights into ShopeePay including -

• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• The company's important events and milestones

Scope

• In November 2018, ShopeePay launched its mobile wallet in Indonesia.
• In November 2020, Payment service provider Xendit integrated ShopeePay as a payment option, allowing merchants in Indonesia to accept payment with ShopeePay.
• In November 2021, ShopeePay partnered with Philippines-based payment getaway Dragonpay, enabling merchants to accept ShopeePay as a payment method.
• In January 2022, ShopeePay collaborated with Filipino instant payment scheme InstaPay, allowing users to make real-time bank transfers with 35 banks and mobile wallets.
• In March 2023, ShopeePay partnered with Apple Pay, allowing users to make App Store, Apple Music, Apple TV, iTunes Store, and iCloud storage payments via ShopeePay.

Reasons to Buy

• Gain insights into ShopeePay business operations and key events.
• Gain insights into its product portfolio.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.