2C2P and Ant Group form strategic partnership to launch and innovate digital payments in Southeast Asia
Singapore, April 26, 2022 – Global payments platform 2C2P and Ant Group today announce a strategic partnership to accelerate adoption of digital payments and innovation. With the partnership, Ant Group will become the majority shareholder of 2C2P.
The strategic partnership will connect 2C2P’s extensive merchant pool, including global and regional brands, to Alipay+ and add more e-wallets and local payment methods to the current 250 payment options. As a result, retailers benefit from a greater geographic reach and can seamlessly connect with over a billion customers worldwide.
The adoption of digital payment methods has accelerated rapidly in recent years due to the pandemic, with payments using mobile wallets gaining prominence across Asia. This complementary partnership with Ant Group connects 2C2P to a much larger dealer base and is well positioned to drive 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 deliver maximum value and impact to our merchants and partners,” said Aung Kyaw Moe, Founder and CEO of 2C2P.
Combining secure and comprehensive payment offerings from Alipay+ and 2C2P, extensive merchant coverage and in-depth knowledge of the region, this partnership is a win-win collaboration built on strengths and a shared vision to drive digital transformation for businesses through innovation and world-class Accelerate payment solutions,” said Angel Zhao, President of Ant Group’s International Business Group. “We look forward to supporting the digitization of companies together and creating a networked digital ecosystem in the regional markets.”
Through the partnership, 2C2P plans to further expand its global dealer coverage and strengthen its technology and product capabilities to better serve dealers across Southeast Asia and worldwide.
2C2P is a global payments platform headquartered in Singapore with a strong presence in key Asian markets including Thailand, Singapore and Malaysia. As a leader in the Southeast Asian payments industry, 2C2P provides payment acceptance, order and disbursement, and payment processing to merchants in e-commerce, financial services, airlines, travel, hospitality, and retail—industries that have been rapidly digitizing their businesses since the outbreak of the pandemic other value-added solutions and services
Launched by Ant Group in 2020, Alipay+ offers a range of global digital payment and marketing solutions that enable businesses, especially small and medium-sized businesses, to use 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) and Alipay HK (Hong Kong) among others.