Society Pass Incorporated, NusaTrip Incorporated and Gorilla Form Exclusive eSIM Partnership in Projected US$8.7 Billion Travel eSIM Market
Rhea-AI Summary
Society Pass (Nasdaq: SOPA) majority-owned NusaTrip announced an exclusive strategic technology partnership with Gorilla Networks to power NusaTrip’s global white-label eSIM products across its OTA ecosystem and distribution channels.
The partnership supplies eSIM infrastructure, profile lifecycle management, APIs/SDKs, analytics, and country/region data plans as NusaTrip retains customer-facing branding control. Juniper Research projects the travel eSIM market to reach US$8.7 billion by 2030.
Positive
- Exclusive global eSIM platform partnership with Gorilla
- NusaTrip retains full control of customer-facing branding
- Partnership enables a new high-margin digital revenue stream
Negative
- Vendor concentration risk from exclusive reliance on Gorilla
- Press release discloses no financial terms for the agreement
News Market Reaction – SOPA
On the day this news was published, SOPA declined 5.12%, reflecting a notable negative market reaction. Argus tracked a trough of -14.0% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $882K from the company's valuation, bringing the market cap to $16M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SOPA fell 5.7% while only one momentum-tracked peer (SGN) moved, down 4.30%, and other peers showed mixed moves, suggesting stock-specific dynamics rather than a broad sector rotation.
Previous Partnership Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 12 | Travel partnership | Positive | +3.7% | NusaTrip-Bookcabin deal expanding Indonesian travel distribution and hotel reach. |
Prior partnership news on Jan 12, 2026 produced a positive 3.69% move, showing historically constructive reactions to distribution and platform partnerships.
Over the last six months, Society Pass has used strategic deals to build NusaTrip’s travel platform and broaden its ecosystem. A prior partnership with Bookcabin on Jan 12, 2026 targeted Indonesia’s projected US$115 billion travel market and lifted the stock by 3.69%. Today’s news extends that strategy into travel eSIM connectivity, layering digital services onto the existing OTA network to deepen monetization of the traveler lifecycle.
Historical Comparison
Past partnership news for SOPA led to an average move of 3.69%. This new eSIM-focused partnership continues the same partnership-driven expansion theme for NusaTrip.
Partnership news shows a progression from distribution expansion with Bookcabin toward embedding connectivity services via Gorilla into NusaTrip’s travel platforms.
Market Pulse Summary
The stock moved -5.1% in the session following this news. A negative reaction despite constructive partnership news fits a pattern where financing needs and execution concerns can overshadow strategic moves. The prior partnership on Jan 12, 2026 saw only a 3.69% rise, suggesting modest historical sensitivity to such catalysts. The market could have focused on SOPA’s broader capital and operating profile, making any pullback vulnerable to reassessment once revenue impact from eSIM integration becomes clearer.
Key Terms
esim technical
ota technical
api technical
sdks technical
AI-generated analysis. Not financial advice.
JAKARTA, Indonesia, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (the “Company”), Southeast Asia’s next generation digital ecosystem, and its majority owned subsidiary, NusaTrip Inc (Nasdaq: NUTR) (“NusaTrip”), the leading Southeast Asia (“SEA”) and Asia-Pacific-based (“APAC”) integrated travel technology platform, today announce that NusaTrip has entered into an exclusive strategic technology partnership with Gorilla Networks Pte Ltd (“Gorilla”), a Singapore-based telecoms embedded SIM (“eSIM”) infrastructure and digital connectivity platform.
The strategic technology partnership provides for Gorilla to serve as NusaTrip’s exclusive global eSIM connectivity platform, powering the development, operation, and continuous expansion of NusaTrip’s white-label eSIM products across its online travel agency (“OTA”) ecosystem and affiliated distribution channels:
- NusaTrip-owned or operated OTA platforms
- NusaTrip-controlled B2C and B2B travel distribution channels
- NusaTrip travel brands and affiliated platforms
- NusaTrip shall retain full control over all customer-facing branding of the white-label eSIM products
According to Juniper Research, the travel eSIM market is expected to significantly expand from US
Through this partnership, Gorilla provides NusaTrip with a platform-level connectivity stack, including:
- eSIM connectivity infrastructure and global network access
- eSIM profile generation, provisioning, and lifecycle management
- APIs, SDKs, and technical documentation enabling deep integration into NusaTrip’s booking and post-booking flows
- White-label configuration supporting NusaTrip branding and commercial logic
- Backend systems for Centralized monitoring, analytics, and performance reporting
- Country-specific, regional, and global data plans
- Time-based or volume-based prepaid plans
- Connectivity bundles linked to flights, hotels, or other travel services
Loic Gautier, Gorilla CEO, explains, “Travel connectivity is evolving from a standalone utility into a core digital layer embedded inside the travel experience itself. This partnership with NusaTrip validates Gorilla’s strategy to build a scalable connectivity platform that can power multiple consumer brands globally. Our ambition is to consolidate fragmented eSIM capabilities into a unified infrastructure layer that enables distribution partners to unlock new revenue, improve customer experience, and scale internationally.”
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.”
About Society Pass Incorporated.
Founded in 2018 as an e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, and with offices located in Bangkok, Beijing, Ho Chi Minh City, Hong Kong, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 4 interconnected verticals (digital media, travel, lifestyle, telecoms and alternative intelligence).
Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.
For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
X at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.
About NusaTrip Incorporated.
Established in 2015 and headquartered in Jakarta, Indonesia, NusaTrip Incorporated (Nasdaq: NUTR) (“NusaTrip”) is an integrated travel technology platform with geographical specialization in SEA and APAC. NusaTrip currently has more than 500 airlines and 650,000 hotels worldwide on its marketing platform. We are the first Indonesian-based online travel agent (OTA) in Indonesia to receive International Air Transport Association (IATA) accreditation. IATA gives OTA’s access to all airline fares and inventories.
As an acquisitions-focused company, mergers and acquisitions of offline travel agencies play a pivotal role in our growth strategy. We have demonstrated an ability to execute accretive and synergistic acquisitions as well as integrate and fundamentally improve our acquired businesses. We have completed acquisitions of VLeisure and VIT, both travel companies in Vietnam. We will continue to focus on the acquisition of other synergistic companies, and we are currently looking to acquire travel agencies operating in throughout SEA and APAC. We aim to bring travelers from the rest of the world to SEA and APAC (inbound travel) and bring travelers from SEA and APAC to the rest world (outbound travel).
NusaTrip completed an initial public offering and began trading on the Nasdaq under the ticker NUTR in August 2025.
For more information, please visit:
Website at: https://www.nusatrip.com
Investor relations at: https://www.nusatripir.com
LinkedIn at: https://www.linkedin.com/company/nusatrip
Facebook at: https://www.facebook.com/NusaTripCom
X at: https://x.com/nusatrip
Instagram at: https://www.instagram.com/nusatrip/
About Gorilla Networks Pte Ltd.
Gorilla Global is a next-generation telecommunications provider, focusing on the travel and high mobility markets. Gorilla Global offers various & flexible data plans across more than 120+ countries around the World. We empower travelers with seamless connectivity by providing affordable and hassle-free eSIM solutions. We enhance the travel experience by eliminating the complexities of traditional SIM cards, ensuring our customers can stay connected effortlessly, no matter where their journey takes them. We are committed to delivering exceptional service and innovative technology that prioritize convenience and cost-effectiveness. We envision a world where staying connected while exploring new destinations is as easy as a single click, allowing individuals and families to focus on what truly matters—creating unforgettable memories.
For more information, please visit:
Website at: https://www.gorilla.global/
LinkedIn at: https://www.linkedin.com/company/gorillaesim/
Facebook at: https://www.facebook.com/GorillaTravelESIM
X at: https://x.com/GorillaESIM
Instagram at: https://www.instagram.com/gorillaesim/
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Society Pass Incorporated’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including the trading price and volatility of Society Pass Incorporated’s common stock and risks relating to Society Pass Incorporated’s business, including the Company’s ability to develop and successfully change its business model and the Company’s ability to identify new investments and spin-off acquisitions.
Media Contact:
Raynuald LIANG
Chief Executive Officer
ray@thesocietypass.com
FAQ
What did NusaTrip (Nasdaq: NUTR) announce with Gorilla on February 2, 2026?
How will the Gorilla partnership affect NusaTrip’s branding and customer control?
What capabilities will Gorilla provide to NusaTrip under the exclusive deal?
Does the announcement quantify the travel eSIM market potential referenced by NusaTrip and Gorilla?
What commercial benefits does NusaTrip expect from embedding eSIM into its travel platforms?
Are there disclosed financial terms or timelines for the NusaTrip–Gorilla eSIM partnership?
