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Disruptive Technology and Super Apps

Written by Customer Service on . Posted in Public Companies.

In the most convenient and easiest way you can order your food or groceries, you can also shop online, book a grab, make a payment for your travel bookings or even buy a plane ticket in just one touch of your fingertips.

Over the last 5 years, a new technology trend has been released — Super Apps!

Smartphones are the primary internet access point for many people across the globe while “SUPER APP’S” is like an ALL IN ONE EXPERIENCE which is TAKING OVER THE INTERNET MARKETPLACE. Wherein products and services can be bought without even needing to walkout of your home or offices.

The super app model IS A WINNER; many apps like Grab, GOJEK AND WeChat, are becoming an essential part of everyone’s life.

In China today, it is nearly impossible to pay for anything with cash, for most payments are done using mobile. It is difficult to find anyone who wants to accept a credit card as payments as they do not want to incur transaction fees.

With Grab going public with $40 billion SPAC deal backed by Altimeter Capital, the Singaporean based company with its partnership with Singtel for a digital full bank license is gaining the support of BlackRock, Fidelity, T. Rowe Price, Abu Dhabi’s sovereign wealth fund Mubadala, and Singapore government investment arm Temasek, Singapore’s banking sector who is dominated by three major banks — DBS Group, Oversea-Chinese Banking Corp, and United Overseas Bank.

There are about or more than 10 million apps both in Google Play store and Apple’s App Store, and it is astonishing that people are choosing the best one.

As people relies more on the internet and their mobile phone, more developers and programmers are inclined to create applications to help make everybody’s life easier and comfortable.

Be updated on the latest financial news and more at Eden Capital Management Limited services, do visit our website or contact us thru email.
For more information, visit: https://edencapitalmanagementltd.com/

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