SoPa) marks its first foray into Indonesia by acquiring Jakarta-based NusaTrip

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JAKARTA, August 15, 2022 — (ACN Newswire) — 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 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.

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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, President and CEO of Society Pass, explains, “We welcome NusaTrip to our ever-expanding SoPa ecosystem. NusaTrip fits perfectly into our user and merchant growth strategy as we enter in 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 at sea.With this acquisition, SoPa now pollinates and integrates our six verticals (Loyalty, Lifestyle, Food & Beverage, Telecom, Digital Media and Travel) into a cohesive loyalty and e-commerce platform to deliver enhanced products and services to our consumers and merchants in the largest countries from the sea. SoPa has grown increasingly in 2022 as we steadily acquire opportunistic market-leading companies and partner with visionary entrepreneurs, underscoring our unique aggregator approach that reflects immediate returns in terms of increased revenue generation and cost optimization.”

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

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. Joining forces with SoPa’s vast ecosystem and SEA’s large user and merchant bases, we are excited about the combined marketing capabilities. With the revival of the travel market in SEA on 2Q/3Q 2022, NusaTrip aims to significantly increase its customer base by providing business and leisure travelers in the region with more competitive hotel and no-surcharge airfare rates, convenient payment methods, and travel reservations. quick itineraries with 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 Leflair.com, the leading lifestyle e-commerce platform in Vietnam, Pushkart.ph, a popular grocery delivery company in the Philippines, Handycart.vn, a premier online restaurant delivery service Vietnam-based plan, Gorilla Networks, a web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based premium multi-platform digital video network focused on social commerce, and Mangan, the leading restaurant delivery service locals in the Philippines. For more information, please visit: http://thesocietypass.com/.

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