Do you shop online? If you do, how would you feel about getting up to 30% cashback every time you buy something online? With ShopBack, Malaysia’s top online cashback platform, you can reap the benefits when you buy from any of 500 popular online stores–including Lazada, Agoda, Groupon, Zalora, Hermo and more. Today, ShopBack is even better. It now has a native mobile app, ready to download for Android and iOS devices, starting 19 July 2016.
The CashBack platform, since its establishment in September 2014, has grown from strength to strength. From its humble beginnings in Singapore, it now serves consumers across five countries–Singapore, Malaysia, Indonesia, the Philippines and India. In Malaysia, it now serves more than 300,000 registered users every month, and has so far paid out a total of MYR5.4 million to local shoppers, since February 2015. Monthly sales revenue top MYR9 million.
Tapping into the growing connected population in Malaysia, it is timely for ShopBack to introduce its mobile app. The number of smartphone users in Malaysia is estimated to hit 11 million this year. (Statista: 2016)
With the release of its mobile app, ShopBack will reward every shopper with an extra MYR5 when they make a purchase through any of its 500 over partner stores via its app from 19-21 July 2016. Additionally, 11 e-retailers such as Agoda, Foodpanda, Groupon, Hermo, Lazada, Qoo10, Zalora and more, will also join the celebration with upsized Cashback, MYR10 low price deals, MYR5-MYR20 off vouchers, as well as 40% discount promo codes.
The great thing about ShopBack is that online cashback is limitless. Unlike credit card cashbacks, there is no cap limit. Cashback that you earn can be transferred to your bank account after validation period.
Sharmeen Looi, COO of ShopBack Malaysia revealed that 30% of ShopBack shopppers are from Klang Valley, while 70% are from the rest of Malaysia. Shoppers prefer to do their online shopping after lunch and after dinner–between 2-3PM and 9-10PM. Most popular items purchased include local hotel accommodations, baby diapers, mobile top-ups, Korean fashion and beauty products.
With the addition of new partners Tesco and Guardian, ShopBack expects sales of F&B and groceries to pick up. More partners are coming, including popular e-malls like 11street.
There are three ways shoppers, partner e-retailers and ShopBack benefit from the platform. For shoppers, they get cashback and exclusive discounts for purchasers. For e-retailers, they enjoy additional brand exposure and marketing, as well as the benefit of paying ShopBack only for successful orders. For ShopBack, the business grows as e-retailers and user base grows.