New data from twilio states that S’pore's onlineshopping landscape has evolved from one-sided engagements to become a more dynamic digital experience characterised by distributed storefronts, where messagingapps increasingly take centre stage.
Singapore’s online shopping landscape has evolved to become a more dynamic digital experience characterised by distributed storefronts, where messaging apps increasingly take centre stage.
By Digital News Asia October 6, 2022 Conversational message is now a “must have” for brands to expand reach Seven in 10 would make purchases over WhatsApp, Facebook Messenger Driven by shifts in digital consumer behaviour, Singapore’s online shopping landscape has evolved from one-sided, transactional engagements to become a more dynamic digital experience characterised by distributed storefronts, where messaging apps increasingly take centre stage.The funds, which have dubbed their consortium 'Love for Football', would pay at closing a significant part of the price to Serie A clubs and the league itself, with the rest due over the following three years.TWO LOCAL men were sentenced to prison for a year after coming clean in helping a couple linked to a luxury goods scam case worth SGD 32 million (RM 103 million) flee Singapore.videos sent using the ‘View Once’ feature.
This is according to new data from Twilio, the leading customer engagement platform.In a statement, the company said conversational messaging has grown from being a “good to have” feature to a “must have” for brands looking to expand reach in Singapore.(The story is refiled to fix typo in 'company' in headline) (Reporting by Elvira Pollina, editing by Valentina Za) Article type: free.Its survey found that six in 10 (62%) of Singapore consumers would like to make purchases directly through a conversational messaging app.Fazli was then promised a sum of RM 16,000, so he called up Mohamed Alias, who regularly makes deliveries from Malaysia to Singapore as a lorry driver.In addition, close to four in 10 (38%) of Singaporeans shared that they would spend at least 20% more on a brand that offers conversational messaging.Twilio said WhatsApp has emerged as the platform of choice for Singaporeans to engage with their brands by a measure, as is the case with respondents in Brazil, Germany, India, Indonesia, and Mexico.71 and accordingly, may feature in the final version of the app in the future.
It added that 72% of Singaporeans indicate that they would make purchases over WhatsApp, with Facebook Messenger coming in second (40%), followed by Instagram (30%).Upon arrival at Tuas Checkpoint, the couple was told to hide in the vehicle’s container department by Mohamed Alias.Meanwhile, respondents from Australia, France and the US prefer leveraging SMS for conversational communication with brands, it said.David Coghill, head of solutions engineering, APJ at Twilio, said as trust becomes the key currency driving the new era of engagement, businesses that prioritise building trust over transactional engagements have a competitive advantage.“Our latest research highlights the role of conversational messaging in solidifying relationships that generate both loyalty and bottom-line growth.At their trial, the duo were not represented legally but stated they had family dependent on their incomes and hoped to reduce their sentences.“Businesses’ focus has to shift from optimising clicks towards improving clients’ ability to connect and interact with them meaningfully through preferred messaging channels,” said Coghill.However, given how it enhances the privacy of users, we’re sure WhatsApp will be implementing the feature widely in the near future.
According to Twilio, the initial online shopping boom a decade of the late 2000s revolutionised the shopping experience, enabling businesses to scale faster than ever and reach a wider audience then they ever could before.It said with smartphone adoption and access to cellular data becoming mainstream, businesses across industries launched digital storefronts with a data-led approach, including A/B testing to figure out the best way to move consumers through the funnel.On June 27, Pi was arrested first by Singapore police, while Pansuk, his wife, had assisted authorities with investigations and gave up her passport.At the same time, however, plenty of the personalisation associated with a physical storefront was lost, it added.However, over the past two years, with the pandemic briefly suspending the operations of physical stores, many businesses have moved to bring the 'high-touch' experience more commonly associated with traditional brick-and-mortars to their digital storefronts, Twilio said.This has fueled the rise of the distributed storefront, powered by conversational messaging, it added.
Simply put, a distributed storefront brings the best of brick and mortar storefronts, and e-commerce platforms, Twillo said.The firm said where digital storefronts previously helped companies scale their brick-and-mortar storefronts online, distributed storefronts take this to the next level by allowing businesses to drive a personalised experience at scale, by facilitating conversations via the customer’s preferred platform.Ultimately, the back-and-forth of an exchange helps create connection and fosters confidence in a brand’s commitment to service, the survey highlighted.Twillo also said in Singapore, almost half (46%) of consumers receive push notifications from at least five different brands.Overwhelmed by the constant stream of notifications, six in ten (58%) shared that they would “sometimes” disable push notifications, the research noted.
It said in order to maximise the full potential of distributed storefronts, brands must invest in collecting zero and first-party data.This information, provided by customers themselves, will help a brand understand what matters to their customers the most—their pain points, their interests, and their communication habits, it added.Saving this information and building rich customer profiles enables businesses to cut through all the generic noise constantly thrown at consumers and, instead, build trust with them, the research suggests.“Ultimately, inflationary pressures and fears of a recession have meant that customers today are more deliberate in the decisions they make, and are keen to learn more about what they’re buying.“The onus is thus on the brands to provide the level of interaction to meet the needs of curious customers,” he said.
Notably, consumers also vastly prefer to interact with a human agent compared to bots.Twilio’s study found that while three-quarters of Singapore respondents had at least one conversation with chatbots in the past month, the majority of them (71%) would rather talk to human agents than bots.The effectiveness of bots was also called into question with only 41% of Singapore respondents saying they could solve their issues with just a chatbot, it stated..
Carlyle-led consortium offers to buy less than 10% stake in Serie A's media company-letterMILAN (Reuters) - A consortium of private equity funds led by Carlyle Group is ready to take a stake of less than 10% in a new media company holding Serie A's broadcasting rights, a copy of the consortium's letter seen by Reuters showed on Monday.
M’sians jailed for helping Singaporean scammers escape to JohorThe two local men admitted to assisting local citizen Pi Jiapeng and his Thai wife Pansuk Siriwipa to illegally leave the republic. TheSun thesundaily news crime Scammer Police Malaysia Singapore
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SWIFT sets out blueprint for central bank digital currency networkLONDON (Oct 5): Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.The trial, which for the last month has involved both France and Germany's national central banks as well as global lenders like HSBC, Standard Chartered and UBS, looked at how CBDCs could be used internationally and even converted into fiat money if needed.Around 90% of the world's central banks are That'll be useless though as China and Russia plus its BRICs members won't be interested.