Presto Embarks on Regional Market Expansion: Bringing Innovative Loyalty to E-Commerce Redemption Ecosystem to Singapore and Thailand
April 02 2024 - 6:15AM
JCN Newswire
Presto, renowned as Malaysia's First Loyalty E-commerce
Aggregator, is proud to announce its strategic expansion into the
Singapore and Thailand market. The setting up of Presto operations
in these countries marks the start of the company's regional
expansion, bringing its innovative loyalty to the e-commerce
redemption ecosystem to a wider audience.
Having achieved monumental success by connecting over 20 million
users in Malaysia through esteemed partnerships with industry
giants such as Bonus Link and Touch 'N Go eWallet, Presto is now
poised to redefine the loyalty rewards landscape on a regional
scale. This expansion is led by the newly appointed Managing
Director, Regional Business, Jeffry Ho, alongside dedicated Country
Heads for Presto Singapore and Thailand, Donn Kwong, and Nakarin
Prapaiwongs, respectively, signaling growth and opportunity for
Presto's partners and members.
Presto is Malaysia's premier Multiple Loyalty Points Redemption
Hub, redefining the loyalty rewards program by ingeniously
integrating it with e-commerce redemption. With a robust connection
to over 20 million loyalty members, Presto offers an unparalleled
selection of over 20,000 products ranging from health and beauty,
home and living, to tech and gadgets, and vouchers - all available
at the convenience under one platform. This groundbreaking platform
marks a significant shift in the loyalty rewards ecosystem,
introducing a novel concept where loyalty points transcend their
traditional role.
The process of combining points with Presto is designed to be as
user-friendly with minimal tech integration from our loyalty
issuers partners. Users can simply link their various loyalty
program accounts through the Presto platform, and then choose how
they wish to combine their points at the time of redemption.
Presto's transparent interface ensures that users have complete
control over their points, enabling them to maximize the value of
their rewards in a way that suits their preferences and needs.
The unique selling proposition of Presto lies in its ability to
seamlessly integrate points from multiple loyalty programs,
offering unprecedented flexibility to users. This means that points
which were previously stranded in less frequently used accounts can
now be combined with others to unlock valuable rewards. Whether
it's travel, dining, shopping, or entertainment, users can now
leverage their collective points balance to enjoy a wide range of
rewards, without the need to wait for a high accumulated points
balance in a single program.
The unique selling proposition of Presto lies in its ability to
seamlessly integrate points from multiple loyalty programs,
offering unprecedented flexibility to users. This means that points
which were previously stranded in less frequently used accounts can
now be combined with others to unlock valuable rewards. Whether
it's travel, dining, shopping, or entertainment, users can now
leverage their collective points balance to enjoy a wide range of
rewards, without the need to wait for a high accumulated points
balance in a single program.
At the same time, Presto is engaging in collaborations with several
significant upcoming partners. This strategic move not only
signifies Presto's commitment to delivering unparalleled value and
convenience to its users but also marks the beginning of an
exciting new chapter in the company's journey to revolutionize the
loyalty ecosystem across the region.
Mr Cheong Chia Chou, Group CEO of Presto, commented, "The expansion
of Presto into the Singapore and Thailand markets represents a
significant milestone for our company. We are excited to bring our
innovative loyalty to e-commerce redemption ecosystem to a wider
audience, enhancing user experiences and driving regional growth.
This move underscores our commitment to delivering unparalleled
value and convenience to our users across the region."
Mr Jeffry Ho, appointed as Managing Director, Regional Business,
brings with him more than 20 years of regional experience in the
Asia Pacific countries. His leadership, coupled with extensive
knowledge of the regional market dynamics, positions Presto for
unprecedented success in the region. Donn Kwong and Nakarin
Prapaiwongs, appointed as Country Heads for Presto Singapore and
Thailand respectively, bring their expertise in sales, partner
management, and distribution channels in the Fintech, IT, and
Mobile industries, ensuring customized offerings to meet the unique
needs of these markets.
The setting up of Presto operations in Thailand and Singapore is
just the beginning of the company's regional expansion. Presto is
committed to fostering a seamless Loyalty to E-commerce Redemption
ecosystem where businesses across the region can thrive together,
creating unparalleled value for all stakeholders.
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