Society Pass Incorporated (SoPa), the Vietnam’s based data-driven loyalty, fintech and e-commerce ecosystem, has on Monday announced the integration of Stripe’s financial infrastructure solutions onto the SoPa platform to power transaction settlement services for merchants and customers on SoPa’s ecosystem.

SoPa said in a statement that leveraging Stripe’s cutting-edge technology solutions, the firm is able to expand the product and geographical reach of its ecosystem, simplifies payment flows, and accepts payments at scale in multiple currencies.

In addition, SoPa leverages Stripe’s anti-fraud technology, Stripe Radar, to detect and block fraud using machine learning.

Merchants on SoPa’s ecosystem can also utilise Stripe’s payment infrastructure to accept credit and debit cards payments from customers, enable their customers to checkout in a simple way, and at the same time provide a superior shopping experience to consumers.

“We are thrilled to announce this integration with Stripe which provides diverse payment options to our consumers whilst streamlining the process for merchants to manage their finances and get paid faster,” said Rokas Sidlauskas, Chief Marketing Officer of SoPa.

“Since our incorporation, SoPa has redefined the e-commerce experience for millions of registered consumers and hundreds of thousands of registered merchants in Southeast Asia,

“By offering convenience, flexibility, and control on both sides of the retail transaction, SoPa paves a win-win path for our merchants and consumers alike. Partnering with Stripe is an organic path to accelerate this goal,” he added.

As a global financial infrastructure platform, Stripe makes it easy for companies to launch, run and scale their business from day one.

The firm offers a broad set of software tools, including services like built-in-machine-learning powered fraud protection, advanced analytics and infrastructure that makes it easy for businesses of all sizes to scale locally and internationally, while reducing the time and resources spent on payments so they can focus on their core business. 

Meanwhile, SoPa first-in-class ecosystem transforms the entire retail value chain towards a more digital future in Southeast Asia.

Looking ahead, SoPa said it will continue to simplify the use and access to online shopping, leveraging cutting edge technologies and capabilities to tailor more intelligent, individualized, and contextual experiences for the next generation consumers.

In addition, the firm is committed to make continuous efforts in reinforcing and diversifying its ecosystem by means of strategic acquisitions of market-leading companies and partnerships with visionary entrepreneurs in six distinct business to consumer (B2C) e-commerce verticals: loyalty, lifestyle, food & beverage delivery, telecoms, digital marketing, and travel.

SoPa was founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80 percent of the Southeast Asia population.

The firm has offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore.

SoPa, which is listed in United States, acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem.

The firm integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023.

SoPa loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour.

The firm has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary information technology architecture to effectively scale and support its consumers, merchants, and acquisitions.

SoPa leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in Southeast Asia.

The firm operates Thoughtful Media Group, a Thailand-based social commerce-focused, premium digital video multi-platform network; NusaTrip, an Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based web3-enabled mobile blockchain network operator;, a Vietnam-based lifestyle e-commerce platform;, a grocery delivery company in Philippines;, a Vietnam-based online restaurant delivery service; and, a local restaurant delivery service in Philippines.

Vietnam’s Society Pass marks first foray into Indonesia by acquiring Jakarta-based NusaTrip