Singapore Expats Forum

Franchising opportunities in Singapore ? how to enter the market ?

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
User avatar
Strong Eagle
Moderator
Moderator
Posts: 10408
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Re: Franchising opportunities in Singapore ? how to enter the market ?

Postby Strong Eagle » Wed, 17 Feb 2016 10:15 am

a.mironova wrote:How do you think will it be interesting for people in Singapore such a financial solution as the prepaid cards?


The answers start rolling in.

a.mironova
Newbie
Newbie
Posts: 9
Joined: Fri, 12 Feb 2016

Re: Franchising opportunities in Singapore ? how to enter the market ?

Postby a.mironova » Thu, 18 Feb 2016 3:19 pm

Thank you for the links - you helped me a lot!

a.mironova
Newbie
Newbie
Posts: 9
Joined: Fri, 12 Feb 2016

Re: RE: Re: Franchising opportunities in Singapore ? how to enter the market ?

Postby a.mironova » Thu, 18 Feb 2016 3:20 pm

Thank you :)

User avatar
ecureilx
Immortal
Immortal
Posts: 9260
Joined: Fri, 20 Aug 2010

Re: Franchising opportunities in Singapore ? how to enter the market ?

Postby ecureilx » Thu, 18 Feb 2016 3:54 pm

a.mironova wrote:Thank you for the links - you helped me a lot!


So, does the business model looks workable in Singapore ?

And do you have a different service fee structure for other countries, like, say Myanmar or such ???

a.mironova
Newbie
Newbie
Posts: 9
Joined: Fri, 12 Feb 2016

Re: Franchising opportunities in Singapore ? how to enter the market ?

Postby a.mironova » Thu, 18 Feb 2016 8:42 pm

It can be any Asian country as our cards work for students or travellers, who will use it while studying or travelling in Europe. It is a bit difficult process to get a bank card in UK (for example ) for foreigners.

User avatar
ecureilx
Immortal
Immortal
Posts: 9260
Joined: Fri, 20 Aug 2010

Re: Franchising opportunities in Singapore ? how to enter the market ?

Postby ecureilx » Fri, 19 Feb 2016 10:32 am

a.mironova wrote:It can be any Asian country as our cards work for students or travellers, who will use it while studying or travelling in Europe. It is a bit difficult process to get a bank card in UK (for example ) for foreigners.


Wait, your card is for those from Asia to use in Europe ? I read it all wrong then.

I was reading it as you are pushing your card for use in Asia.

Hence my question, if you consider countries like Myanmar or Philippines or Sri Lanka, the monthly fee will kill your product.

It will be really a no-go unless you offer different or lower fees in this part of Asia (except Singapore). And in Singapore, the competition is strong and do lot of promotion, Joint promotion and also lucky draws etc.

And in some Asian countries, the monthly fee you are charging is more expensive than a regular Macdonalds or KFC Meal - including a portion of rice.

a.mironova
Newbie
Newbie
Posts: 9
Joined: Fri, 12 Feb 2016

Re: Franchising opportunities in Singapore ? how to enter the market ?

Postby a.mironova » Mon, 29 Feb 2016 4:47 pm

Hi ecureilx,
Yes, we offer our cards for Asian students, who will go to study and or just travel to Europe. Thank you for your opinion and the suggestion - we will consider it.

User avatar
ecureilx
Immortal
Immortal
Posts: 9260
Joined: Fri, 20 Aug 2010

Re: Franchising opportunities in Singapore ? how to enter the market ?

Postby ecureilx » Mon, 29 Feb 2016 5:22 pm

a.mironova wrote:Hi ecureilx,
Yes, we offer our cards for Asian students, who will go to study and or just travel to Europe. Thank you for your opinion and the suggestion - we will consider it.


Yes, I finally figured it out !!!

Well, in which case I don't know why you are confusing with franchising.

You will target those Asian Students heading to Europe- that's it. Only those students.

Just go solo - why franchise ? Unless you have the idea of making money on money ..


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 2 guests