2C2P & Ant Group Enter Strategic Partnership

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

Through the strategic 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. This partnership will allow merchants to reach more consumers worldwide and increase their geographical reach.

Aung Kyaw Moe (Founder and CEO, 2C2P) said: “Digital payment adoption has accelerated rapidly in recent years, spurred by the pandemic, with mobile wallet payments widely gaining momentum across Asia. 2C2P’s partnership with Ant Group will allow it to connect to a wider merchant base, and better position itself to support 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 merchants and partners.”

“Combining Alipay+ and 2C2P’s secure and comprehensive payment offerings, extensive merchant coverage and deep local knowledge of the region, 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’ digitalization together and creating a connected digital ecosystem across markets in the region.”

2C2P intends to expand its global merchant coverage and to improve its technology and product capabilities, to better serve merchants in Southeast Asia as well as globally, thanks to the partnership.

2C2P, a full-suite payment platform, is based in Singapore. It has strong presence in key markets such as Thailand, Singapore, and Malaysia. 2C2P is a market leader in Southeast Asian payments. It offers payment acceptance, issuing and pay-out as well as other value-added services and solutions to merchants in verticals like e-commerce and financial services.

Ant Group introduced Alipay+ in 2020. This suite of digital marketing and payments solutions allows businesses to reach global and regional consumers and process a variety of mobile payment methods. Leading e-wallets supported by Alipay+ include Touch ‘n Go eWallet (Malaysia), KakaoPay (South Korea), GCash (Philippines), Alipay HK (Hong Kong) and more.

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