Monspace held a launching ceremony for Monspace Mall Algeria| MENAFN.COM

Monday, 15 August 2022 12:57 GMT

Monspace held a launching ceremony for Monspace Mall Algeria


On 10 March (Saturday), Monspace held a launching ceremony for Monspace Mall Algeria. Group CEO and founder, Jessy Lai, visited Algeria personally to initiate the event.

Monspace Group was founded in 2014. Starting with its flagship project Monspace Mall, the company has now expanded into property, health, travel, smart furniture, telecommunications, F & B and more all over the world. Monspace mall, at only 3 years old, already has more than twenty millions of users, making it one of the most sought after e-commerce platform.

Today, Monspace Mall can be found in many parts of the globe: Malaysia, Indonesia, Philippines, Vietnam, Korea, etc. In 2018, Monspace is zooming in on Middle east and Africa, the continent with more than a billion people—specifically its largest country, Algeria.

Algeria is a North African country with a Mediterranean coastline and a Saharan desert interior. Its landmass is biggest among all African, Mediterranean, and Arab nations. It's among the top 10 biggest countries on earth in terms of landmass. It borders Libya, Tunisia, Niger, Mali, and Mauritania.

While the usage of smart phones, credit cards, and debit cards are relatively low, Africa is thriving in terms of mobile payment. Besides gaining the confidence of AliPay, the continent also attracted WeChat's mobile payment services. These signify the rise of e-payment in Africa, and the bright future of e-commerce in Algeria.

The global influence of e-commerce also meant that the Algerian government places heavy emphasis on the development of e-commerce. They have started cross-border collaborations to boost the competitiveness of local businesses. As Algeria is a mineral-rich nation, this transition will also help reduce the nation's reliance on natural resources as its main income.

Monspace Mall has rich experience in developing new e-commerce markets. Its growing number of users is the best proof for this. Thus after extensive market research and preparation, Monspace has decided to expand its operations in Algeria.

On the launch of Monspace Mall Algeria, many local users were present to show their support. Various media outlets were also there to interview and report about the launch.

On the launch ceremony, Dato' Sri Jessy Lai shared the business report for Monspace. The company also showed a short film introducing Algeria's economic conditions, while Lai herself shared the details and plans about Monspace Mall Algeria's development.

Other exciting entertainment includes prize-giving, dancing, and singing.

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