E-commerce on the rise in Singapore

Singapore and Malaysia are leading in Southeast Asia in terms of  online and retail sales, with  50% of the population making e-commerce transactions.

Nearly 55% of people are also making cross-border e-commerce transactions. Despite the global crisis, according to start-up couponing agency Flipit's 2015 prediction, Singapore will pull in SG$4.4 billion in revenue.

This is highly due to increased internet access via mobile; lower prices; greater selection and rising rental price and labor crunch.

Here's more on the e-commerce scene in Singapore.

E-commerce e-commerce2 e-commerce3 e-commerce4

Source: flipit.com/sg