LobangClub is a Singapore-based price comparison application which helps its 50,000 users find the best bargins. Associate Professor Ramaswami Seshan comments on the growing trend and its implications. He said: “(Price checking apps) make the price search even easier among already price-conscious shoppers, and intensify the price competition among retailers.†This can be devastating from the viewpoint of retailers if it takes off in a big way.
The New Paper