PubMatic, an independent technology company that delivers the supply chain of the future for digital advertising, and PhonePe, the top mobile payments and financial services platform in India, announced their partnership. PubMatic’s programmatic buying partners will now have access to PhonePe’s premium mobile app inventory and audiences thanks to this collaboration. The agreement offers Indian media buyers a unique opportunity to reach PhonePe’s Indic-language-speaking audiences in a variety of metropolitan and non-metropolitan locations, as the industry searches for sustainable and unique solutions.
PhonePe – India’s largest UPI ecosystem
With more than 500 million registered users and a 47% market share in India’s instant payments ecosystem through the Unified Payments Interface (UPI), PhonePe is a major player in the country’s transition to a cashless economy. PhonePe has teamed up with PubMatic to fully utilize its digital advertising inventory as part of its mission to drive product innovation and enable more customers and businesses to go digital.
Enhanced Audience Experience
PhonePe will make use of PubMatic’s cutting-edge programmatic technology to provide viewers with an improved user experience and a privacy-compliant, fraud-free supply chain for advertisers. In addition to guaranteeing that viewers utilizing the PhonePe platform will see related and interesting advertising, the partnership gives advertisers programmatic access to users of the platform at scale.
Here’s what they said
Amit Yadav, Country Manager, South Asia, at PubMatic said,
We’re excited to support PhonePe in diversifying and enhancing its digital monetisation by making its inventory and audiences available to a wider range of advertisers via programmatic technology. This partnership helps PhonePe to maintain a positive experience for the consumers and businesses who use its platform every day, while making these high-value audiences available to PubMatic’s advertiser partners.
Sravanthi Pasumarthi, Director of Strategy & Operations, PhonePe Ads added,
We are excited to partner with PubMatic and get a foothold into the programmatic advertising space. At PhonePe, we bring to the table the widest reach in India, deep user cohorts, and a whole suite of brand solutions that enable advertisers to uniquely leverage our strengths for their brand solutions at scale. We believe that this partnership will elevate the overall advertising experience on our platform for both our partners and users. The PubMatic-PhonePe collaboration underscores the growing significance of programmatic advertising within India’s evolving digital ecosystem. This strategic partnership empowers advertisers to connect with highly engaged audiences, creating meaningful interactions that drive tangible business outcomes.
PubMatic, a standalone technology business that provides the future supply chain for digital advertising, announced that its freshest product, Activate, is now accessible in the Asia-Pacific area. To acquire premium video and CTV inventory at scale, buyers can conduct non-bidded direct purchases on PubMatic’s programmatic platform using the company’s novel end-to-end supply path optimization (SPO) solution.
PubMatic’s programmatic platform across APAC
Since its May debut in the US and EMEA, Activate has grown in popularity in every region. It has a pipeline of more than 50 active marketers, agencies, and campaigns running across numerous international agency-holding firms. The solution is now being introduced throughout the Asia-Pacific area as a result of this success with partners such as Dentsu APAC, iQIYI, KINESSO India, Madison Digital, and Wishmedia.
Activate – A Novel Offering
Activate symbolizes a novel industrial paradigm. It developed a single technology layer that directly links buyers and suppliers of digital materials. Activate enables a seamless transition from traditional direct transactions to programmatic guaranteed (PG) or programmatic private marketplace (PMP) arrangements. The technology allows for transactions across PubMatic’s premium CTV and online video inventory inside a single platform, giving media buyers greater oversight across their omnichannel video investments.
Industry forecasts predict that by the end of 2023, non-programmatic insertion orders will make up roughly 60% of CTV and 18% of online video transactions. Activate increases PubMatic’s total addressable market to over $65 billion. To be completely integrated into PubMatic’s expanding software package, including the PubMatic Sell-Side Platform and Connect, Activate was built using the technology acquired when PubMatic acquired Martin in 2022.
Here’s what they said
Rajeev Goel, Co-Founder and CEO of PubMatic said,
PubMatic’s launch of Activate in the Asia-Pacific region marks a significant milestone in our efforts to revolutionize the industry’s programmatic marketplace. Activate is an extension of our successful SPO strategy that addresses advertiser demand for solutions that deliver a better return on video and CTV investments.
Sunil Naryani, Chief Product Officer of media at dentsu APAC, who supports the Carat, iProspect, and dentsu X agencies in the region added,
At dentsu, we prioritize ad tech maturity, focusing on transparency and control in the programmatic supply chain for efficient, high-quality media delivery. Our partnership with PubMatic plays a pivotal role in our supply curation and SPO practices. With PubMatic’s Activate, we anticipate delivering enhanced value to our clients by bridging the gap between buyers and sellers and further streamlining the supply chain, unlocking opportunities to maximize working media for their video and CTV investments.
Andy Sun, General Manager of Sales Operations, International Business Department at iQIYI commented,
iQIYI is a long-time partner of PubMatic. Together we are committed to delivering innovation in the CTV ecosystem. We’re excited to be a launch partner for PubMatic’s Activate solution and look forward to continuing to work closely together to drive effective programmatic CTV advertising.
Paras Mehta, Business Head at KINESSO India stated,
PubMatic is a key player in the programmatic ecosystem, and we’re excited to explore how Activate can benefit our CTV clients.
Suchi Jain, General Manager and Head of Programmatic at Madison Digital said,
PubMatic is a valuable partner across India, helping us deliver transparent and effective solutions for advertisers. We’re excited to see their continued innovation in streamlining video and CTV buying for our clients.
Meejoo Na, Chief Operating Officer at Wishmedia said,
Wishmedia is dedicated to providing advertisers in Korea with best-in-class digital advertising solutions. We’re thrilled to be a launch partner for PubMatic’s Activate and look forward to our clients benefiting from a more efficient digital supply chain, and greater ROI on their video and CTV spend.
PubMatic is an independent technology firm that offers the future supply chain for digital advertising to maximize consumer value. The sell-side platform from PubMatic enables advertisers to maximize return on investment and target addressable audiences across a variety of ad formats and devices, giving the top digital content producers in the world more control over who can access their inventory and boost monetization. Since 2006, our infrastructure-driven methodology has made it possible to handle and use data effectively in real-time. Our programmatic innovation is scalable and flexible, and it helps us produce better results for our clients while promoting a thriving and open digital advertising supply chain.
Publishers use the exchange to bid on their behalf for ad impressions. Exchanges try playing smart by trafficking multiple bids for the same ad impression, to increase the probability of getting the bid. Their smartness failed them in this economic downfall and guided them towards extinction.
Due to high traffic, the cost to request bids has increased. The demand-side platforms were already under pressure, and economic situations made things critical. This led to the pounding of the concept of bid-duplication. Now, MediaMath is establishing a new supply chain that won’t include SSPs selling duplicate impressions. To make an example of that, last month, Trade-desk had already given notices to all the SSPs to demolish all the duplicate bids which are there for the same auction. The Trade-desk gave SSPs a two-week time frame which is further extended, but DSPs are expecting the SSPs to fall in line in time.
Joey Livesey, The Trade Desk director of partnerships EMEA said: “By tackling the bid duplication problem we’re hopeful that it will give publishers visibility into an egalitarian measurement of their SSP partnerships as adding another isn’t necessarily going to drive additional revenue for them in a big way.”
This could be a problem for some SSPs. As, Karim Rayes, chief product officer at Tremor International’s stated: “The clampdown does affect our SSP — as it does every other SSP out there — as we cannot send the full breadth of our supply to our buyers using these DSPs.”
Since the emergence of header bidding four years ago, publishers like Trade-desks were rewarded by DSPs for auction duplication. More bids for the same impression meant more revenue generations for a DSP. This crackdown of Trade-desk doesn’t remove the incentives completely, but in a manner reduces the extent of rewarding publishers for the usage of the same exchange several times.
Founder of ad tech consultancy, AdProfs, Ratko Vidakovic said: “I understand the economic rationale for why The Trade Desk is trying to flush outbid duplication but they’re doing so in a crude manner.”
Further, he stated that “The Trade Desk is asking publishers and SSPs to chop off branches to their supply in a way that treats them all equally when they’re not. One SSP might sell specific inventory, for example, so it’s just not about these partnerships being used to serve multiple bids requests for the same impression.”
It might be one of the reasons why MediaMath is applying a different approach for the SSPs it works with to suppress the use of bid-duplication. Now, DSPs will only be allowing those exchanges to place a bid that doesn’t barter various impressions to the identical publisher.
Jeremy Steinberg, from MediaMath, who is the global head of the ecosystem stated: “We’re more focused on precision when it comes to bidding duplication.”
Further, he said, “The aim is to work with SSPs and publishers on a partner basis to understand how we can leverage performance data alongside tools like sellers.json and SupplyChain Object to understand what’s the best impression for our clients.”
However, SSPs gave a positive response to the Trade-desk crackdown. CEO of Engine Group’s SSP EMX Global, Michael Zacharski, welcomed the decision as a positive approach towards a non-duplicative inventory.
“We believe that one impression should be sold one time from an individual exchange, but I don’t think we are yet in a world where publishers sell inventory through just one exchange or source,” stated Zcharski. “Cost reductions up the funnel on the buy-side will shift dollars towards stronger alliances between buyers and sellers creating a need for more custom and flexible marketplaces on top of a simplified supply chain.”
Integrating multiple wrappers to duplicate bids made events doubtful, and unfairly exploited for programmatic auctions. This kind of process will no longer be tolerated and will be screened efficiently. But, the basic proposition of heading bidding — allowing publishers to execute concurrent auctions for analogous impressions — isn’t going off.
Founder of programmatic consultancy Jounce Media, Chris Kane stated:
“What’s clear is that The Trade Desk is using its market power to change incentives for publishers and ad exchanges.” He further added, “Sellers will do what buyers reward, and we are beginning to see buyers reward more efficient supply paths.”