Shippit Launches in Malaysia To Serve Growing e-Commerce Market
Shippit, announced its expansion into Malaysia, as well as new partnerships with regional-serving courier Ninja Van. Shippit’s latest announcement marks its second Southeast Asian market expansion in just 2 months as it continues its growth in the region.
Through Shippit’s expansion into Malaysia, the logistics tech startup plans to tap into Malaysia’s e-Commerce market, focusing on improving delivery experiences for end customers and helping local online businesses grow by offering more delivery options to customers at the check-out whilst streamlining how they fulfil their orders. Shippit’s platform makes Ninja Van’s Cash on Delivery capabilities easily accessible to online businesses of all sizes, allowing them to drive their growth amongst unbanked and underbanked populations in Malaysia and throughout Southeast Asia.
With 83% of its population making purchases online, Malaysia has the highest percentage of digital customers in the region, and an e-Commerce market valued at approximately US$4 billion in 2020. This figure is expected to more than double to US$8.1 billion in 4 years, making Malaysia one of the largest and fastest-growing markets in Southeast Asia.
Shippit’s new partnership will enable the regional courier to expand its market reach with Small to Medium business in Malaysia, deepening Ninja Van’s e-Commerce presence. As Shippit aims to support e-Commerce growth across the region, simplifying access to Ninja Van’s delivery services and Cash On Delivery capability through Shippit’s platform will be hugely beneficial to growing online businesses.
Shippit is a scalable shipping platform that can be used by enterprise-level firms, fast-growing small and medium enterprises (SMEs), as well as e-Commerce businesses just starting out. From multi-channel, international retailers to homegrown sellers, Shippit unifies order fulfilment across sales channels and leverages its proprietary allocation algorithm to connect retailers to the best delivery partner for every single order.
(This content is surmised from a press release)