B2B marketplace Ralali.com branches out with its own e-wallet | Digital Asia
Indonesian B2B marketplace Ralali.com announced today their newest product that branches out to fintech sector, Ralali Wallet. It is the latest move by the company to fulfill the vision of providing B2B market in Indonesia with solution.
“The feature will enable users of Ralali.com to pay for their orders using an integrated method. It will also serve as an account to accept cashback as an appreciation for our loyal customers,” said the company’s CTO, Irwan Suryady.
Also Read: Singapore Prime Minister says cloud, tech stacks vital to “re-engineering” government
Ralali’s customers are the ones who inspire the launch of Ralali Wallet. Requests from customers sparked the creation of the digital wallet and allowed them to make easier payment and repeat orders.
Ralali features testimony from one of its loyal customers, owner of LaVie Bistro in Jakarta, Indonesia, that gives nod to the easiness of repeating orders using the e-wallet. The cashback saving feature the e-wallet feature helps customers to maximize the use of its digital balance and it’s claimed to be more profitable.
For the first launch, balances top-up feature is not available yet. However, users can still collect their balances from cashback voucher and refund.
The e-wallet is officially launched on October 1st, 2018, with free Ralali Wallet balances worth Rp50.000,- for first 500 new activated users.
Also Read: Meet the 5 winning startups that emerged from inaugural Taiwan Elevator Pitch 2018
Ralali has just recently obtained its Series B investment led by three global investors worth of US$7 million. This is also a boost for the company to expand their vertical business segment, customer reach, and financial.
Ralali’s mission is to help local retailers to grow their businesses by allowing them to source thousands of branded products easily at any time. Through Ralali.com, SMEs are able to have immediate access to thousands of wholesale products – all fulfilled by suppliers that have been selected, curated, and verified to provide the competitive services and prices.
The post B2B marketplace Ralali.com branches out with its own e-wallet appeared first on Tech News.