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Society Pass (SoPa) Acquires Singapore-based Gorilla Networks, A NextGen Blockchain/Web3 Mobile Virtual Network Operator | Scoop News – Scoop

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To Drive SEA’s Growing Demand For A New Meta-Economy
Experience

  • Society Pass (SoPa) makes its first
    Singapore acquisition, Gorilla Networks, a leading next
    generation Blockchain/Web3 mobile virtual network operator
    (“MVNO”).
  • Gorilla Networks is the first
    blockchain/Web3-enabled MVNO to offer contract-free,
    on-demand mobile service as non-fungible tokens (“NFTs”).
    Users convert unused mobile data into digital
    assets
  • Gorilla GO tokens- With mobile data network
    coverage in over 160 countries, Gorilla Networks expects to
    dramatically increase its user base and expand throughout
    Southeast Asia with the rebound of the travel market in
    2Q/3Q 2022
  • SoPa will incorporate Gorilla Networks’
    proprietary blockchain/Web3 technology onto the rest of SoPa
    ecosystem to drive SEA’s growing demand for a new
    meta-economy experience

SINGAPORE, June 3, 2022
– (ACN Newswire) – Society Pass Incorporated (“SoPa”)
(Nasdaq: SOPA), Southeast Asia’s leading data driven loyalty
and ecommerce ecosystem, announced today that it acquired
Singapore-based Gorilla Networks Pte Ltd (“Gorilla”), a
leading next generation Web3-enabled MVNO.

Established
in Singapore in 2019, Gorilla utilises Web3 technology to
operate a MVNO for its users in Southeast Asia. With network
coverage to over 160 countries, Gorilla offers a full suite
of mobile communication services such as local calls,
international roaming, data, and SMS texting. More
importantly, Gorilla enables its customers to convert unused
mobile data into digital assets or Gorilla GO Tokens through
its innovative proprietary blockchain-based SwitchBack
feature. Gorilla GO Tokens in turn can be redeemed for
eVouchers, to offset future bills, or be redeemed for other
value-added services.

With the rebound of the travel
market throughout Southeast Asia in 2Q/3Q 2022, Gorilla
expects to dramatically increase its customer base by
marketing to the region’s business and leisure travellers
with its user-friendly technology platform. It plans to
expand its MVNO services offering to Vietnam, Thailand, and
Malaysia over the next 12 months.

Dennis Nguyen,
Society Pass Founder, Chairman and Chief Executive Officer,
explained, “We are excited to make our first acquisition in
Singapore, and welcome Gorilla into our SoPa family.
Gorilla’s technology platform aligns well with our
acquisition strategy as we incorporate Gorilla’s blockchain
and Web3 capabilities onto the SoPa ecosystem and enable the
new meta-economy for all our portfolio companies. From our
Leflair lifestyle e-commerce platform to our
Pushkart/Handycart F&B delivery services, as we roll out
the Society Pass loyalty platform in the coming months, we
leverage Gorilla’s technology to drive customer retention
for merchants and create innovative revenue models for our
ecosystem.”

“When we started Gorilla Networks three
years ago, our vision was to build a democratised mobile
communications service platform where users regardless of
nationality, home location or mobile subscription plans can
access essential telecoms services such as roaming and
mobile data anywhere and everywhere throughout the world.
Gorilla is currently transitioning existing web 2 telco
services onto the web3 economy by tokenising mobile data as
digital assets. In 2021, we digitised eSIMS, data plans, and
mobile numbers as NFTs, which dramatically transformed how
our users purchase, interact and experience mobile services.
By joining forces with SoPa’s extensive ecosystem and large
user base in Southeast Asia, we are thrilled about the
combined marketing capabilities we will now bring
collectively to our partners and customers,” exclaimed Xanne
Leo, Founder and Chief Executive Officer of Gorilla
Networks.

Society Pass leverages cutting edge
technology to tailor an unprecedented experience for the
next generation customers in the purchase journey and to
transform the entire retail value chain in Southeast Asia.
Through the acquisitions of market-leading companies and
partnerships with visionary entrepreneurs in six distinct
B2C e-commerce verticals: lifestyle, food & beverage
delivery, travel, digital marketing, telecoms and food and
beverage ordering, the Company meets SEA’s growing demand
for a new meta-economy experience.

About Society
Pass

As a loyalty and data marketing ecosystem,
Society Pass operates multiple e-commerce platforms across
its key markets in SEA. Its business model focuses on
analysing user data through the expected launch of its
Society Pass loyalty platform and circulation of its
universal loyalty points, which seamlessly connects
consumers and merchants across multiple product and service
categories to foster organic loyalty. Since its inception,
SoPa has amassed over 1.6 million registered consumers and
over 5,500 registered merchants/brands on its platform. It
has invested 2+ years building proprietary IT architecture
with cutting edge components to effectively scale and
support its consumers, merchants, and
acquisitions.

Society Pass provides merchants with
#HOTTAB Biz and #HOTTAB POS – a specialized POS technology
solution, a comprehensive system for payment, loyal customer
management, user profile analytics, and convenient financial
support packages for small and medium-sized
enterprises.

In addition, SoPa operates Leflair.com,
Vietnam’s leading lifestyle e-commerce platform,
Pushkart.ph, a popular grocery delivery company in
Philippines, and Handycart.vn, a leading online restaurant
delivery service based in Hanoi, Vietnam. For more
information, please check out: http://thesocietypass.com/.

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