Breaking #Fintech #Stock
News: Weyland Tech (OTCQX: $WEYL; $WEYLD) Launches CreateApp Marketing Campaign
Across Indonesia in Partnership with National Telco, Indosat Ooredoo; @weylandtechinc
NEW
YORK, NY - February 27, 2020 (Investorideas.com Newswire) Weyland Tech,
Inc. (OTCQX:
WEYL)
a leading global provider of mCommerce platform-as-a-service (PaaS), eCommerce
managed services and fintech solutions, has partnered with Indosat
Ooredoo, Indonesia's second largest telecom provider, to launch a
nationwide marketing campaign for Weyland's CreateApp mCommerce platform.
Read this news
featuring WEYL in full at https://www.investorideas.com/CO/WEYL/news/2020/02271CreateApp-MarketingCampaign-Indonesia-IndosatOoredoo.asp
To
drive signups, Indosat will offer the more than 6 million small and medium
sized businesses (SMBs) in its nationwide subscriber network a 30-day free
trial subscription to CreateApp. Indosat's internal sales teams will lead the
effort, with its customer service supporting the end-users. Indosat SMB
customers who subscribe to CreateApp will be billed through their Indosat cell
phone bills. Weyland will provide Indosat an ad channel on CreateApp via Google
AdMob.
The
CreateApp platform-as-a-service enables businesses to create and deploy native
mobile applications for Apple iOS and Google Android without technical
knowledge or background. It empowers SMBs to increase sales, reach more
customers, manage logistics, conduct financial transactions, and promote their products
and services in an easy, affordable and highly efficient way. The CreateApp
user base, comprised of businesses across Southeast Asia, grew 47 percent last
year to more than 360,000.
"This
major marketing campaign with a trusted and large telecom provider like Indosat
greatly expands our market reach in Indonesia where there is strong smartphone
penetration and virtually no competition for DIY app platforms like
CreateApp," noted CreateApp's chief product officer and founder, Eddie
Foong. "This campaign also presents up- and cross-sell opportunities for
AtozPay, our fintech solution for businesses to go cashless in a market where
60% of the adult population is unbanked."
The
Indonesia market has the fastest adoption of mobile apps, as well as the largest
and fastest-growing Internet economy expected to grow at a 49% CAGR to more
than $100 billion by 2025, according to Adjust Global App Trends 2019 Global
Benchmarks Report.
"Our
DIY app platform is a great fit with Indosat's subscriber base, allowing users
to easily market, promote and sell their goods and services via mobile,"
commented Weyland CEO, Brent Suen. "CreateApp offers a valuable, unique
and much needed solution for Indosat's subscribers looking to compete in the
fast-growing mCommerce and eCommerce markets. For Indosat, we see it creating
more loyal and engaged business customers."
Weyland's recent
acquisition of
Minneapolis-based Push Interactive is also expected to provide lead-generation
tools for Indonesian SMBs to increase their online sales.
About Indosat Ooredoo
Indosat
Ooredoo, an Indonesia Stock Exchange listed company and member of Ooredoo
Group, is building Indonesia's leading digital telco, enabling access and
greater connectivity for everybody and every business. Focusing on human
growth, Indosat Ooredoo aspires to enrich the lives of Indonesians in the
digital world and proactively offer solutions to fulfill their needs. Indosat
Ooredoo was recognized in the Most Innovative Company of the Year category in
the 2015 Asia Pacific Stevie Awards. For more information, visit indosatooredoo.com.
About Weyland Tech
Weyland
Tech is a developer and global provider of mobile business software
applications. The company operates its CreateApp™ platform-as-a-service (PaaS)
across three continents and 10 countries, including some of the fastest-growing
emerging markets in Southeast Asia. The platform provides a mobile presence for
small-and-medium sized businesses (SMBs) that is supported locally by
distributor partnerships.
Offered
in 14 languages with more than 70 integrated modules, CreateApp enables SMBs to
create and deploy native mobile applications for Apple iOS and Google Android
without technical knowledge or background. The technology empowers SMBs to
increase sales, reach more customers, manage logistics, and promote their
products and services in an easy, affordable and highly efficient way. For more
information, visit weyland-tech.com.
About Push Interactive
The
e-Commerce platform of Weyland's Push Interactive subsidiary features
comprehensive customer acquisition capabilities, highly productive media and
channel strategies, well-tuned product promotion and messaging, and sales
funnel development and optimization. The direct-to-consumer platform provides
an end-to-end solution for SMBs and major brands, allowing these organizations
to dramatically increase online revenue while lowering the cost of customer
acquisition and order fulfillment. Post-sale, Push supports fulfillment,
customer relationship management, and further monetization through
re-engagement and remarketing toolsets that enhance customer lifetime value
(LTV). For more information about Push Interactive, visit www.pushint.com.
About AtozPay™ and AtozGo™
Through
Weyland Tech's minority-owned subsidiary, Weyland Indonesia Perkasa (WIP), the
company operates AtozPay™ and AtozGo™. The AtozPay mobile
payments platform serves the burgeoning mCommerce and e-Payment markets in
Indonesia, the world's fourth most populous country. AtozGo is
a fast-growing short-distance food delivery service operated in Jakarta,
Indonesia. For more information, visit atozpayindonesia.com.
Important
Cautions Regarding Forward-Looking Statements
This
release contains certain "forward-looking statements" relating to the
business of the Company. All statements, other than statements of historical
fact included herein are "forward-looking statements" including
statements regarding: the ability of the Company to successfully integrate Push,
the continued growth of the eCommerce segment and the ability of the Company to
continue its expansion into that segment; the ability of the Company to attract
customers and partners and generate revenues; the ability of the Company to
successfully execute its business plan; the business strategy, plans, and
objectives of the Company; and any other statements of non-historical
information. These forward-looking statements are often identified by the use
of forward-looking terminology such as "believes," "expects"
or similar expressions and involve known and unknown risks and uncertainties.
Although the Company believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions, risks,
and uncertainties, and these expectations may prove to be incorrect. Investors
should not place undue reliance on these forward-looking statements, which
speak only as of the date of this news release. The Company's actual results
could differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those discussed in
the Company's periodic reports that are filed with the Securities and Exchange
Commission and available on its website (www.sec.gov). All forward-looking
statements attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than as required
under the securities laws, the Company does not assume any duty to update these
forward-looking statements.
Company Contact
Brent
Suen, CEO
Weyland Tech Inc.
Weyland Tech Inc.
Media & Investor Contact
Ronald
Both or Grant Stude
CMA
Tel (949) 432-7566
CMA
Tel (949) 432-7566
Weyland Tech
(OTCQB:WEYL) is a featured fintech stock on
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