Airing tonight on New to The Street, the show welcomes Mr. Dennis Nguyen, Founder, CEO, and Chairman at Society Pass, Inc. (NASDAQ: SOPA) ($SOPA). From the Nasdaq Marketplace studio, Dennis provides TV Host Jane King with a corporate update on the Company’s business activities throughout Southeast Asia. As a leading data-driven loyalty and e-commerce ecosystem, Society Pass’s digital ecosystem growth continues with a focus on different business verticals, including lifestyle, telecom, travel, food/beverage, and digital media. Dennis explains that SOPA looks at each potential acquisition with a strict matrix. A target entity must have visionary entrepreneurs, founders with recognizable credentials, a 3–4-year successful track record, and 50-70% growth rates. Acquisition targets must be within 5-countries of interest, Singapore, Vietnam, Indonesia, Thailand, and the Philippines. Society Pass plans to join all its businesses with its Society Points loyalty platform. The ecosystem continues growing, with over 3.3 million registered users and over 200,000 registered merchants. As the ecosystem grows, revenue increases and the reward points become more valuable. The Company’s recent acquisition of NusaTrip, a leading Indonesia-based online travel agency, added over 1.2 million registered users to the SOPA ecosystem. Southeast Asia has strong GDP growth, a population of approximately 630 million with a median age of 26-32, and over 80% of its society owns smartphones. SOPA believes these macroeconomic and demographic statistics can establish strong revenue expectations for user growth of the Society Pass digital ecosystem. Also, the number of free trade agreement amongst the Southeast Asian countries give Society Pass another opportunity to grow its ecosystem further. The on-screen QR code is available during the show; download or visit Society Pass, Inc. – https://thesocietypass.com/.
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