Modern history’s greatest health crisis, COVID-19, has had a significant impact on Singapore’s retail industry. Retail and F&B sales in Singapore fell by about SG$4 billion (US$2.95 billion) in total during the Circuit Breaker (CB) period, which was around 40 per cent of the 2020 full-year decline in the total retail and F&B sales of SG$10 billion (US$7.38 billion), as per government statistics.
Hey, Globetrotters from Malaysia! Constantly hopping on a plane to a new destination?
Here is something to make your loaded travel packing stylishly effortless. Whether you decide to treat yourself or are looking for an extraordinary gift over the routine travel pillow, here is a world packed in a Gift Card from TUMI, powered by Qwikcilver, for all you wandering souls. Pick, pack, and wander in style with the TUMI’s travel range from an everyday bag to a full luggage set.
SaaS-based gift card solution provider Qwikcilver, a Bangalore-based company backed by VC investors like Accel India and Helion Partners, is foraying into Southeast Asia market (SEA). “We are bullish on SEA market and has started with Singapore 2-3 months back as our base. We are also expanding across the regions like Indonesia, Thailand, Philippines and other parts of SE Asia,” Sadiq Ahamed, chief strategy officer at Qwikcilver told DEALSTREETASIA. In Singapore, Qwikcilver has partnered with NETS, a payments company, to enable digital gift cards in malls and retailers across the country.