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Society Pass (Nasdaq: SoPa) marks the first foray into

Jakarta, Indonesia, August 15, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Company Pass Inc.(Nasdaq: SOPA)Southeast Asia’s next-generation digital ecosystem (“SEA”), announces the acquisition of NusaTrip(“NusaTrip”), an online travel agency (“OTA”) based in Jakarta, Indonesia and throughout the SEA. The acquisition of NusaTrip expands SoPa’s business reach into the growing SEA regional travel industry and marks SoPa’s first foray into Indonesia and adds to SoPa’s growing ecosystem of technology companies located in Vietnam, in Indonesia, the Philippines, Singapore and Thailand.

Founded in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, NusaTrip was the first to offer a full range of airlines and hotels to Indonesian businesses and individuals. With its first-mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +200,000 hotels worldwide, and over 80 million unique visitors.

Dennis Nguyen, Founder of Society Pass, Chief Executive Officer, explains, “We welcome NusaTrip to our ever-expanding SoPa ecosystem. NusaTrip fits perfectly with our user and merchant growth strategy as we enter another premier 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 crosses and integrates our six verticals (Loyalty, Lifestyle, Food & Beverage, Telecom, Digital Media and Travel) into one cohesive loyalty and e-commerce platform to deliver products and services. improved to our consumers and merchants. in the largest SEA countries. SoPa has grown from strength to strength in 2022 as we opportunistically acquire market-leading companies and partner with visionary entrepreneurs, underscoring our unique aggregator approach that reflects immediate returns in terms of revenue generation and growth. cost optimization.

Patrick Soetanto, National Director of Society Pass Indonesiaadded, “We will expand NusaTrip’s services to support future growth paths in more SEA countries in the very near future by integrating more travel product lines into its mix and developing more competitive products for an international audience. and much wider regional”.

Well positioned to benefit from a high-growth travel industry, Indonesia and SEA’s inbound and outbound travel revenues are expected to continue to soar as more consumers engage in post travel. -pandemics. This marked increase in demand is driven by strong government initiatives to boost tourism, the rise of Indonesia’s burgeoning middle class, and high internet penetration, which makes it easy for more Indonesians to book flights and hotels via OTAs.

“NusaTrip is proud to officially partner with SoPa. By joining forces with SoPa’s vast ecosystem and the vast user and merchant bases in SEA, we are excited about the combined marketing capabilities. With the revival of the travel market in All SEA through 2Q/3Q 2022, NusaTrip aims to significantly increase its customer base by providing business and leisure travelers to the region with more competitive, no-surcharge hotel and flight rates, convenient payment methods, and quick itinerary bookings thanks to our user-friendly platform,” comments Menak Galumbang, co-founder, NusaTrip.

About the Company Pass
As a digitally driven data marketing and loyalty 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 driven business. -commerce holding company operating 6 interconnected verticals (Loyalty, Lifestyle, F&B, Telecom, Digital Media and Travel), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple categories of products and services through SEA.

SoPa’s business model is centered on the analysis of user data through its Society Pass loyalty platform and the 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 gathered over 3.3 million registered consumers and over 205,000 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 scale and effectively support its consumers, merchants and acquisitions.

Society Pass leverages technology to tailor a more personalized experience for customers in the buying journey and to transform the entire retail value chain into SEA. SoPa operates, the leading lifestyle e-commerce platform in Vietnam, Pushkart.pha popular grocery delivery company in the Philippines, Handycart.vnone of the leading online restaurant delivery services based in Vietnam, Gorilla networksa Singapore-based, Web3-enabled mobile blockchain network operator, Thoughtful Media Groupa Bangkok-based multi-platform premium digital video network focused on social commerce, and Manganthe leading local restaurant delivery service in the Philippines.
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