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Shopee books 130 percent transaction growth in Q2

Mardika Parama (The Jakarta Post)

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Jakarta

Mon, September 7, 2020

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Illustration of e-commerce platform Shopee

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-commerce platform Shopee has seen transactions more than double in the second quarter compared to a year earlier as the COVID-19-induced social restrictions prompted consumers to shop online.

Shopee Indonesia director Handhika Jahja told journalists during an online press conference on Tuesday that the company posted 260 million transactions from April through June, making for an average of 2.8 million transactions per day.

“We saw an increase of around 130 percent from the same period last year. The increase reflects a positive trend in the e-commerce industry,” he said.

Shopee expects continuous growth in transactions in the third quarter as the platform has rolled out an online shopping campaign dubbed 9.9 Super Shopping Day, which runs from Aug. 18 to Sept 9.

“We are running the 9.9 online shopping campaign in the third quarter, so there is a potential for higher growth. We will provide enticing deals to both sellers and buyers,” Handhika said, adding that Shopee had also seen a threefold year-on-year (yoy) increase in the number of customers using its online payment service ShopeePay in the second quarter.

E-commerce transactions have increased 26 percent during the pandemic, Bank Indonesia data show.