The Postman’s cheaper online offers grab biggest chunk of global shoppers’ pie

E-commerce is SingPost’s unlikely ally.

The Internet may have killed the written letter, but the postman is now raking in cash by delivering virtual parcels.

Singpost’s vPOST is the logistics provider that most Singaporeans use for their online purchases, with 31% choosing its services over other logistic providers.

A report by CIMB attributed this to SingPost’s affordability and its bilateral agreements with other countries.

According to the report, “We find the trends to be favourable for SingPost, given the increasing amount of
discretionary spending being channelled into ecommerce. vPOST, an international shipping service provided by SingPost, also appears to have captured the largest market share in Singapore, based on our survey results.”

The report further noted that SIngPost will stand to benefit more from the rise in e-commerce activities compared to more expensive express couriers.