{"id":7230,"date":"2022-11-04T09:00:00","date_gmt":"2022-11-04T01:00:00","guid":{"rendered":"https:\/\/blog.ninjavan.co\/en-ph\/?p=7230"},"modified":"2022-12-15T16:25:40","modified_gmt":"2022-12-15T08:25:40","slug":"business-brief-nov-4-2022","status":"publish","type":"post","link":"https:\/\/blog.ninjavan.co\/en-ph\/business-brief-nov-4-2022\/","title":{"rendered":"Business Brief: Buy Now Pay Later Users Prefer Smaller Online Purchases"},"content":{"rendered":"\n

Weekend is almost here, pero tuloy pa rin and hustle! Take a quick break and check out the roundup of business and ecommerce news just for you.<\/em><\/p>\n\n\n\n

‘Pay later’ dominates small purchases<\/h2>\n\n\n\n

THIRTY-SIX percent, or at least 1 out of 3 Filipinos using “buy now, pay later” (BNPL) services prefer smaller purchases of up to P5,000, a survey by financial app UnaCash revealed.<\/p>\n\n\n\n

BNPL sees most demand in purchasing durable goods. Through this payment option, consumers mainly purchase electronics and household appliances (39 percent), household and interior items (21 percent), food (15 percent), medicines and medical services (7 percent), cosmetics and perfumes (6 percent), travel vouchers (5 percent), [and] goods for hobbies and entertainment (4 percent).<\/p>\n\n\n\n

Convenience remains the determining factor, with integrated BNPL services in online stores seeing the most demand as a payment option<\/a> with installments. <\/p>\n\n\n\n

Full details on The Manila Times<\/a><\/em><\/p>\n\n\n\n

PHL SMEs see ecommerce \u2018vital\u2019 to growth over next 3 years<\/h2>\n\n\n\n

THE Philippines is among the \u201cmost optimistic\u201d in Asia-Pacific, Middle East, and Africa (AMEA) regarding ecommerce, with both small and medium businesses and consumers anticipating future growth, a recent study said.<\/p>\n\n\n

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Image from Getty Images<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

The company said 91% of small and medium enterprises (SMEs) in the Philippines expect ecommerce to \u201ccontinue to boom\u201d and become more vital to their business growth over the next three years.<\/p>\n\n\n\n

More on Business World Online<\/a><\/em><\/p>\n\n\n\n


Ninja Van PH partners with TikTok<\/strong><\/h2>\n\n\n\n

TECH-ENABLED logistics company Ninja Van Philippines has announced it has partnered with one of the fastest emerging e-commerce platforms in the country, TikTok Shop<\/a>.<\/p>\n\n\n\n

The platform integrates e-commerce on the social media platform, bringing together buyers, online sellers and content creators to create a dynamic online shopping experience. With this partnership, Filipinos can now buy from any seller on the platform and have their parcels delivered to their doorstep via Ninja Van Philippines.<\/p>\n\n\n\n

Full story on The Manila Times<\/a><\/em><\/p>\n\n\n\n

Expert presents options to resolve Philippine seaports\u2019 \u2018inadequacy\u2019<\/h2>\n\n\n\n

Citing Kris Francisco, a research fellow at the Philippine Institute for Development Studies, the Philippine Exporters Confederation Inc. (Philexport) said in a news statement issued on Wednesday, \u201cThe country has more international seaports than most of its neighbors in the Asean but trails others in international cargo throughput and shipping container volume.\u201d<\/p>\n\n\n

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While there are enough seaports, most are underdeveloped with poor quality, capacity and service delivery, Francisco observed. The inadequacy of port infrastructure with its insufficient equipment and facilities is among the contributing factors to the high logistics and export costs in the country.<\/p>\n\n\n\n

Read more on the Business Mirror<\/a><\/em><\/p>\n\n\n\n

Food manufacturers seek DTI price-hike OK<\/h2>\n\n\n\n

THE Department of Trade and Industry (DTI) said it has received price-increase requests from canned goods, milk, coffee, and bread manufacturers.<\/p>\n\n\n\n

\u201cWe have petitions for canned meat, for instance. For canned meat, note that that\u2019s a prime commodity so in case of a price freeze, they are not included because they are prime but we have petitions for canned sardines, for milk, coffee, and bread, which [are] of course part of our basic necessities,\u201d DTI-Consumer Protection Group<\/p>\n\n\n\n

More on the Business Mirror<\/a><\/em><\/p>\n\n\n\n

Ninja Van PH launches \u2018Better Than Before\u2019 campaign<\/h2>\n\n\n\n

NINJA VAN Philippines, launched its \u201cBetter than Before<\/a>\u201d campaign to provide hassle-free deliveries and customer support for Filipino shippers and shoppers.<\/p>\n\n\n\n

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