JD.ID Partners with MoEngage To Amplify Customer Retention

The leading online retailer and customer engagement platform join forces to support buyers and sellers, delivering the highest-quality products to consumers at the right time

JAKARTA, Indonesia, April 1, 2021 — JD.ID, the Indonesian subsidiary of Chinese e-commerce giant JD.com and one of the leading online retailers in the country, has teamed up with MoEngage to improve customer retention by bringing highly-personalized, contextualized, and engaging content to more than 20 million people.

The e-commerce industry in Indonesia has grown steadily as consumers have rapidly shifted to digital services for working, socializing, and shopping as a result of the pandemic. As consumers become more digitally savvy, small-medium sized enterprises (SMEs) have also been encouraged to take their businesses online to reach more customers throughout the country. Since its inception, JD.ID has been committed to helping small business owners and entrepreneurs easily showcase their products online, which in turn provides more selection of high-quality products for shoppers.

"JD.ID has long been committed to supporting both buyers and sellers, helping consumers find the best products while providing retailers with opportunities to effectively showcase their inventory," said Leo Haryono, CMO at JD.ID. "It’s critical that we keep pace with accelerating digitalization and ensure we’re meeting our customers’ needs by delivering them the most relevant information at their point of need. MoEngage is the ideal partner to help us create and distribute timely, personalized content to consumers, helping us to retain current customers, obtain new ones and give our SME sellers access to more business."

JD.ID also aims to grow its presence throughout Indonesia, targeting second and third-tier cities as well as major metropolitan areas. One of the challenges that comes with it is to be able to meet the unique needs of their users from different regions. With MoEngage, JD.ID will be able to personalize their communication to users from different regions at scale and provide relevant, timely information about products and offerings.

"E-commerce in Indonesia is growing at an unprecedented rate and platforms like JD.ID are leading the way in making digital services more accessible," said Saurabh Madan, General Manager, SEA & A/NZ at MoEngage. "MoEngage is dedicated to helping brands achieve and exceed their customer engagement goals, and we’re pleased to be working with JD.ID to help them continue to scale throughout the vast archipelago of Indonesia, reaching more people at the right time with the right products."

JD.ID joins the growing list of e-commerce companies in Indonesia and around the world that trust MoEngage to deliver a consistent experience across multiple devices and touchpoints. The AI-enabled customer engagement platform’s customers include Bukalapak, Flipkart, Landmark Group, Mashrek Neo, Blibli, CIMB, and Kredivo, among others.

Source: https://www.moengage.com/in-the-news/jd-id-partners-with-moengage-to-amplify-customer-retention/

About MoEngage

MoEngage is an insights-led engagement platform built for customer-obsessed marketers and product owners, enabling hyper-personalization at scale across multiple channels. With AI-powered automation and optimization, brands can analyze audience behavior and engage consumers at every point of their purchasing journey. More than 1,000 brands across 35 countries use MoEngage to send 50 billion messages to 500 million consumers every month. MoEngage has been recognized as a leader in its space by Gartner, Forrester and G2. With offices in nine countries, MoEngage is backed by investors including Eight Roads, F-Prime Capital, Matrix Partners, Helion Ventures, Exfinity Ventures and Venture East. To learn more, visit www.moengage.com.

Media Contact:

Lakshmi Harikumar
Director of Marketing
South-East Asia
+919739016836
lakshmi.Harikumar@moengage.com

Related Links :

http://moengage.com

Crypto.com Visa Card Spending Grew 55% Per User in 2020, Online Spending Up 117%


For the first time, Crypto.com shares transaction data for its Visa Card, showing strong growth in overall user spending, especially for online purchases and cross-border transactions

HONG KONG, April 1, 2021 — Today, Crypto.com released its Consumer Spending Insights Report for 2020, which details spending trends and data for its Visa Card—the most widely-available card of its kind in the world. The first look into spending trends for the Crypto.com Visa Card, the report found that overall spending per user in 2020 grew 55% YoY, with a 117% increase in online spending relative to overall spending growth, notably for the categories of housing, household goods, groceries, and cross-border transactions. Cardholders shopped with merchants in 143 countries, nearly half of which are in the U.S. (24%) or in the UK (23%). The report reveals strong overall growth for the card, and significant changes in user spending habits resulting from  the pandemic.

As the pandemic began spreading globally early last year, spending with the Crypto.com Visa Card followed a similar trajectory to the OECD’s Consumer Confidence Index (see chart below), with drops in both occurring in the first four months of 2020. As consumer confidence returned (yellow line), Crypto.com Visa Card spending per user (blue line) recovered quickly, ending the year with 55% more spending than 2019.

Crypto.com Spending Index
Crypto.com Spending Index

Infographic – https://techent.tv/wp-content/uploads/2021/04/crypto-com-visa-card-spending-grew-55-per-user-in-2020-online-spending-up-117-3.jpg

 

Spending Categories

Among all spending categories for the Crypto.com Visa Card in 2020, groceries saw the most growth, increasing from 17% to 20% during the year. Meanwhile, the share of spending on restaurants and transportation fell below 10% (see chart below).

Spending habits were also impacted by border restrictions and quarantine measures, as billions of people were forced to limit travel and in-person activities. Compared to overall growth, housing and household goods spending rose 47% in 2020, while spending on hotels and dining fell behind with -21% growth.

Crypto.com Spending Categories
Crypto.com Spending Categories

Infographic – https://techent.tv/wp-content/uploads/2021/04/crypto-com-visa-card-spending-grew-55-per-user-in-2020-online-spending-up-117.jpg

Additionally, 2020 spending on travel, dining, and ticketing all saw significantly negative growth, with ticketing experiencing the worst decline at -50% since 2019.

Online vs. In-Store

Overall, online spending with the Crypto.com Visa Card grew 117% relative to overall growth. Despite the pandemic, in-store spending also rose, but by a more moderate 33%, indicating an overall increase of card usage for a wide range of purchases.

The Crypto.com Visa Card Consumer Spending Insights Report for 2020 also looks at top food delivery platforms and supermarkets/department stores by region:

 

Region

Top Food Delivery Platforms

Top Supermarkets & Department Stores

UK & Europe

Uber Eats, Just Eat, Deliveroo

Lidle, Tesco, Aldi

North America

DoorDash, Uber Eats, Instacart

Walmart, Kroger, Publix

APAC

GrabFood, foodpanda, Uber Eats

Woolworths, FairPrice, Aldi

 

Kris Marszalek, Co-founder and CEO of Crypto.com said: "As our Crypto.com Visa Card availability continues to expand globally, so too are the ways in which people are using it. This granular spending data gives tremendous insight into where, how, and for what purchases the card is being used globally, and reveals significant spending behavioral changes driven by the pandemic. We’re excited by the diversity of transactions shown in the data, as crypto continues its mainstream push and as we continue to expand what is already the most widely available card of its kind into more markets."

First introduced in Singapore in 2018, the Crypto.com Visa Card is the largest Visa card program of its kind, and is currently available in the U.S., Canada, 31 countries in Europe, and the APAC. Last month, Crypto.com expanded its partnership with Visa, which granted the company Visa principal membership. This new partnership enables Crypto.com to begin direct issuance of its card in Australia, and allows the company to have a direct relationship with cardholders. Crypto.com plans to scale its card program to many more markets around the world, and began offering virtual cards in Europe this month, so users can start spending without waiting for their physical cards to arrive.

About Crypto.com

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, curated carefully from the worlds of art, design, entertainment, sports.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com

Logo – https://techent.tv/wp-content/uploads/2021/04/crypto-com-visa-card-spending-grew-55-per-user-in-2020-online-spending-up-117-2.jpg