2C2P and Ant Group team up to further digital payment adoption

Aung Kyaw Moe, Founder and Chief Executive Officer of 2C2P

2C2P, a global payments platform and Ant Group announced a strategic partnership to accelerate digital payment adoption and innovation in Southeast Asia. The partnership, upon completion, will see Ant Group becoming the majority shareholder of 2C2P.

What does this partnership mean to 2C2P?

Through the partnership, 2C2P’s extensive pool of merchants inclusive of global and regional brands will be connected with Alipay+, extending its current 250 payment options offering to include even more e-wallets and local payment methods. With this, merchants will benefit from a wider geographical reach, connecting to over one billion consumers globally.

Aung Kyaw Moe, Founder and CEO of 2C2P, said, “Digital payment adoption has accelerated rapidly in recent years with mobile wallet payments widely gaining momentum across Asia.”

“Through this partnership with Ant Group, 2C2P will be connected to a much larger merchant base and be well-positioned to advance our international expansion strategy. I am confident that 2C2P will be able to scale new heights, and build an unparalleled and robust range of payment solutions that will deliver maximum value and impact to our partners.”

“Combining Alipay+ and 2C2P’s secure payment offerings and extensive merchant coverage, this partnership is a win-win collaboration built on strengths and the shared vision to accelerate the digital transformation for businesses through innovation and best-in-class payments solutions,” said Angel Zhao, President of Ant Group’s International Business Group.

“We look forward to supporting businesses’ digitalisation together and creating a connected digital ecosystem across markets in the region,” Angel Zhao further commented.

What are 2C2P’s market plans following partnership?

2C2P plans to further expand its global merchant coverage, in addition to strengthening its technology and product capabilities to better serve merchants across Southeast Asia and globally. 2C2P is a full-suite payments platform headquartered in Singapore, with a strong presence across key markets in Asia including Thailand, Singapore and Malaysia.

A market leader in the Southeast Asian payments industry, 2C2P offers payment acceptance, issuing, pay-out, as well as other value-added solutions and services to merchants across verticals such as e-commerce, financial services, airlines, travel, hospitality, and retail, all of which are rapidly digitalising their operations since the onset of the pandemic.

Introduced in 2020, Alipay+ is a suite of global cross-border digital payments and marketing solutions designed to enable businesses, especially small and medium-sized businesses, to process a wide range of mobile payment methods and reach regional and global consumers.

Leading e-wallets supported by Alipay+ include Touch ‘n Go eWallet (Malaysia), KakaoPay (South Korea), GCash (Philippines), Alipay HK (Hong Kong) and more.