Society Pass and NusaTrip Enter Exclusive Tech Partnership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy SOPA?
Society Pass (SOPA) and its majority owned subsidiary, NusaTrip (NUTR) announce that NusaTrip has entered into an exclusive strategic technology partnership with Gorilla Networks, a Singapore-based telecoms embedded SIM infrastructure and digital connectivity platform. NusaTrip CEO, Anson Neo, adds, "The partnership positions eSIM connectivity as a core, monetizable layer within the travel booking experience, enabling NusaTrip to offer seamless mobile connectivity to travelers before, during, and after their journeys-while creating a new high-margin digital revenue stream embedded directly into its travel platforms. Additionally, we expand beyond traditional travel distribution and more effectively monetize the traveler lifecycle. Gorilla's platform allows us to deploy, manage, and scale connectivity products globally while maintaining full control of the customer relationship and brand experience."
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Analyst Views on SOPA
Wall Street analysts forecast SOPA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOPA is 23.75 USD with a low forecast of 22.50 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.790
Low
22.50
Averages
23.75
High
25.00
Current: 1.790
Low
22.50
Averages
23.75
High
25.00
About SOPA
Society Pass Incorporated, through its subsidiaries, mainly sells and distributes the hardware and software for a point of sales (POS) application. Its online grocery and food and groceries deliveries segment operates an online food delivery service under the Handycart and Mangan brand names and an online grocery delivery under the Pushkart brand name. The digital marketing segment operates the digital marketing business with creator and digital marketing platform. The online ticketing and reservation segment operates the sale of domestic and overseas air tickets and global hotel reservations. The telecommunications reseller segment provides sales of local mobile phone plans and global Internet data provider plans. The e-commerce segment operates an online lifestyle platform under the brand name Leflair covering a diversity of services and products, such as fashion and accessories, beauty and personal care, and home and lifestyle. The corporate segment is engaged in investment holding.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NusaTrip Forms Strategic Partnership with Gorilla for eSIM Connectivity
- Strategic Partnership: NusaTrip has entered into an exclusive strategic technology partnership with Singapore's Gorilla Networks, which will serve as NusaTrip's global eSIM connectivity platform, facilitating the development and expansion of its white-label eSIM products across the OTA ecosystem, thereby enhancing NusaTrip's competitive position in Southeast Asia and the Asia-Pacific region.
- Significant Market Potential: According to Juniper Research, the travel eSIM market is projected to grow from $1.8 billion in 2025 to $8.7 billion by 2030, reflecting a 380% growth rate, indicating that NusaTrip is well-positioned to capitalize on this rapidly expanding market by meeting the increasing consumer demand with innovative products.
- Integration of Technical Advantages: Gorilla provides NusaTrip with a comprehensive connectivity infrastructure, including eSIM provisioning, global network access, and API support, enabling NusaTrip to deeply integrate eSIM services into its booking processes, thus enhancing user experience and creating a new high-margin digital revenue stream.
- Brand Control: NusaTrip will retain full control over all customer-facing branding of its white-label eSIM products, ensuring that the brand image and commercial logic align with the company's strategic objectives, thereby achieving differentiated competition in the highly competitive travel market.
See More
NusaTrip Forms Strategic Partnership with Gother to Enhance Travel Services
- Strategic Partnership: NusaTrip has formed a strategic partnership with Thailand's online travel agency Gother, whereby NusaTrip will supply flight content to Gother, enhancing air travel distribution capabilities in Thailand and throughout Southeast Asia, thereby solidifying NusaTrip's leading position in the regional market.
- Market Potential: According to Market.US, the Thailand tourism market is projected to reach USD 84.1 billion by 2034, up from USD 61.4 billion in 2024, growing at a CAGR of 3.2%, providing a favorable environment for NusaTrip's business expansion.
- Enhanced Product Offering: The collaboration with Gother allows NusaTrip to provide a broader range of flight options and dynamic pricing, meeting Southeast Asian travelers' demands for reliable flight content and competitive pricing, thus improving customer satisfaction and market share.
- Regional Market Expansion: NusaTrip CEO Anson Neo stated that this partnership will expand its distribution network in Thailand and reinforce its role as a regional flight content hub, which is expected to drive significant revenue growth for the company.
See More
Society Pass Invests in Gorilla Networks to Expand eSIM Market
- Market Entry: Society Pass's $1.8 million investment in Singapore's Gorilla Networks marks its entry into the global eSIM market, projected to grow from $11.2 billion in 2025 to $25 billion by 2033 at a 10.5% CAGR, creating new revenue streams for the company.
- Strategic Integration: This investment positions Gorilla as a critical extension of Society Pass's travel and OTA strategy, enabling the embedding of mobile connectivity directly into the travel purchase journey, enhancing user experience and increasing attach rates.
- Technological Advantage: Gorilla's API-driven white-label eSIM infrastructure allows travel platforms to bundle connectivity with flights and hotels at the moment of booking, transforming mobile data into a core component of the travel experience, thereby improving convenience for travelers.
- Long-term Vision: Society Pass plans to integrate Gorilla's eSIM services into its travel vertical, which is expected to enhance customer lifetime value and generate recurring software-driven revenue while laying the groundwork for future strategic acquisitions and B2B partnerships.
See More
NusaTrip (NUTR) Grants Early Lock-Up Release to Society Pass (SOPA)
- Lock-Up Release: NusaTrip announced that its underwriter, Cathay Securities, has granted an early release from the lock-up agreement for Society Pass, which may enhance market liquidity and potentially impact stock performance.
- IPO Background: NusaTrip successfully completed its initial public offering in August 2025, with a six-month lock-up period originally set, and this early release indicates market confidence in its future performance.
- Acquisition Strategy: NusaTrip focuses on acquiring offline travel agencies to drive growth, having successfully acquired VLeisure and VIT in Vietnam, and plans to continue seeking acquisition opportunities in China, Hong Kong, and other regions to enhance market share.
- Industry Position: As the first IATA-accredited online travel agent in Indonesia, NusaTrip has the advantage of direct access to all airline fares, further solidifying its market position in Southeast Asia and the Asia-Pacific region.
See More
NusaTrip Partners with Bookcabin to Enhance Travel Distribution in Southeast Asia
- Strategic Partnership: NusaTrip has formed a strategic partnership with Indonesian online travel agency Bookcabin, expected to integrate its extensive hotel and travel inventory onto Bookcabin's platform, thereby providing regional travelers with more choices and better rates, enhancing market competitiveness.
- Market Potential: The World Travel Market projects Indonesia's travel market size to reach $115 billion (approximately IDR 1,828 trillion) by 2034, presenting significant growth opportunities for the collaboration between NusaTrip and Bookcabin, driving business expansion in Southeast Asia.
- Product Diversification: By partnering with Bookcabin, NusaTrip can widen its product offerings and projected revenue base, which is expected to enhance profit margins and further solidify its leadership position in the Southeast Asian market.
- Technology-Driven Distribution: This collaboration reflects NusaTrip's commitment to building a more connected travel ecosystem in Southeast Asia through strong partnerships and technology-driven distribution solutions, aligning with its long-term vision.
See More
NusaTrip Partners with Bookcabin to Enhance Travel Distribution in Southeast Asia
- Strategic Partnership: NusaTrip has formed a strategic partnership with Indonesian online travel agency Bookcabin, expected to integrate its vast hotel and travel inventory onto Bookcabin's platform, enhancing travel distribution efficiency in the region to meet growing market demand.
- Market Potential: With the World Travel Market projecting Indonesia's market size to reach $115 billion by 2034, the collaboration is poised to help hotels expand their customer base and seize opportunities in this rapidly growing market.
- Product Expansion: By partnering with Bookcabin, NusaTrip can broaden its product offerings, which is anticipated to enhance its revenue base and profit margin potential, further solidifying its market position in Southeast Asia.
- Technology-Driven Vision: This collaboration reflects NusaTrip's long-term vision to build a more interconnected travel ecosystem in Southeast Asia through strong partnerships and technology-driven distribution solutions.
See More
NusaTrip Forms Strategic Partnership with Gorilla for eSIM Connectivity
- Strategic Partnership: NusaTrip has entered into an exclusive strategic technology partnership with Singapore's Gorilla Networks, which will serve as NusaTrip's global eSIM connectivity platform, facilitating the development and expansion of its white-label eSIM products across the OTA ecosystem, thereby enhancing NusaTrip's competitive position in Southeast Asia and the Asia-Pacific region.
- Significant Market Potential: According to Juniper Research, the travel eSIM market is projected to grow from $1.8 billion in 2025 to $8.7 billion by 2030, reflecting a 380% growth rate, indicating that NusaTrip is well-positioned to capitalize on this rapidly expanding market by meeting the increasing consumer demand with innovative products.
- Integration of Technical Advantages: Gorilla provides NusaTrip with a comprehensive connectivity infrastructure, including eSIM provisioning, global network access, and API support, enabling NusaTrip to deeply integrate eSIM services into its booking processes, thus enhancing user experience and creating a new high-margin digital revenue stream.
- Brand Control: NusaTrip will retain full control over all customer-facing branding of its white-label eSIM products, ensuring that the brand image and commercial logic align with the company's strategic objectives, thereby achieving differentiated competition in the highly competitive travel market.
See More
NusaTrip Forms Strategic Partnership with Gother to Enhance Travel Services
- Strategic Partnership: NusaTrip has formed a strategic partnership with Thailand's online travel agency Gother, whereby NusaTrip will supply flight content to Gother, enhancing air travel distribution capabilities in Thailand and throughout Southeast Asia, thereby solidifying NusaTrip's leading position in the regional market.
- Market Potential: According to Market.US, the Thailand tourism market is projected to reach USD 84.1 billion by 2034, up from USD 61.4 billion in 2024, growing at a CAGR of 3.2%, providing a favorable environment for NusaTrip's business expansion.
- Enhanced Product Offering: The collaboration with Gother allows NusaTrip to provide a broader range of flight options and dynamic pricing, meeting Southeast Asian travelers' demands for reliable flight content and competitive pricing, thus improving customer satisfaction and market share.
- Regional Market Expansion: NusaTrip CEO Anson Neo stated that this partnership will expand its distribution network in Thailand and reinforce its role as a regional flight content hub, which is expected to drive significant revenue growth for the company.
See More
Society Pass Invests in Gorilla Networks to Expand eSIM Market
- Market Entry: Society Pass's $1.8 million investment in Singapore's Gorilla Networks marks its entry into the global eSIM market, projected to grow from $11.2 billion in 2025 to $25 billion by 2033 at a 10.5% CAGR, creating new revenue streams for the company.
- Strategic Integration: This investment positions Gorilla as a critical extension of Society Pass's travel and OTA strategy, enabling the embedding of mobile connectivity directly into the travel purchase journey, enhancing user experience and increasing attach rates.
- Technological Advantage: Gorilla's API-driven white-label eSIM infrastructure allows travel platforms to bundle connectivity with flights and hotels at the moment of booking, transforming mobile data into a core component of the travel experience, thereby improving convenience for travelers.
- Long-term Vision: Society Pass plans to integrate Gorilla's eSIM services into its travel vertical, which is expected to enhance customer lifetime value and generate recurring software-driven revenue while laying the groundwork for future strategic acquisitions and B2B partnerships.
See More
NusaTrip (NUTR) Grants Early Lock-Up Release to Society Pass (SOPA)
- Lock-Up Release: NusaTrip announced that its underwriter, Cathay Securities, has granted an early release from the lock-up agreement for Society Pass, which may enhance market liquidity and potentially impact stock performance.
- IPO Background: NusaTrip successfully completed its initial public offering in August 2025, with a six-month lock-up period originally set, and this early release indicates market confidence in its future performance.
- Acquisition Strategy: NusaTrip focuses on acquiring offline travel agencies to drive growth, having successfully acquired VLeisure and VIT in Vietnam, and plans to continue seeking acquisition opportunities in China, Hong Kong, and other regions to enhance market share.
- Industry Position: As the first IATA-accredited online travel agent in Indonesia, NusaTrip has the advantage of direct access to all airline fares, further solidifying its market position in Southeast Asia and the Asia-Pacific region.
See More
NusaTrip Partners with Bookcabin to Enhance Travel Distribution in Southeast Asia
- Strategic Partnership: NusaTrip has formed a strategic partnership with Indonesian online travel agency Bookcabin, expected to integrate its extensive hotel and travel inventory onto Bookcabin's platform, thereby providing regional travelers with more choices and better rates, enhancing market competitiveness.
- Market Potential: The World Travel Market projects Indonesia's travel market size to reach $115 billion (approximately IDR 1,828 trillion) by 2034, presenting significant growth opportunities for the collaboration between NusaTrip and Bookcabin, driving business expansion in Southeast Asia.
- Product Diversification: By partnering with Bookcabin, NusaTrip can widen its product offerings and projected revenue base, which is expected to enhance profit margins and further solidify its leadership position in the Southeast Asian market.
- Technology-Driven Distribution: This collaboration reflects NusaTrip's commitment to building a more connected travel ecosystem in Southeast Asia through strong partnerships and technology-driven distribution solutions, aligning with its long-term vision.
See More
NusaTrip Partners with Bookcabin to Enhance Travel Distribution in Southeast Asia
- Strategic Partnership: NusaTrip has formed a strategic partnership with Indonesian online travel agency Bookcabin, expected to integrate its vast hotel and travel inventory onto Bookcabin's platform, enhancing travel distribution efficiency in the region to meet growing market demand.
- Market Potential: With the World Travel Market projecting Indonesia's market size to reach $115 billion by 2034, the collaboration is poised to help hotels expand their customer base and seize opportunities in this rapidly growing market.
- Product Expansion: By partnering with Bookcabin, NusaTrip can broaden its product offerings, which is anticipated to enhance its revenue base and profit margin potential, further solidifying its market position in Southeast Asia.
- Technology-Driven Vision: This collaboration reflects NusaTrip's long-term vision to build a more interconnected travel ecosystem in Southeast Asia through strong partnerships and technology-driven distribution solutions.
See More
