2C2Pa global payment platform and Ant Group today announced a strategic partnership to accelerate the adoption and innovation of digital payments. The partnership, once terminated, will cause Ant Group becomes the majority shareholder of 2C2P.
Through the strategic partnership, the large group of merchants from 2C2Pwhich includes global and regional brands, will connect with Alipay+, expanding its current offering of 250 payment options to include even more e-wallets and local payment methods. With this, merchants will benefit from a broader geographic reach, seamlessly connecting to over a billion consumers worldwide.
Aung Kyaw Moe, Founder and CEO of 2C2Psaid: “Digital payment adoption has accelerated rapidly in recent years, fueled by the pandemic, and mobile wallet payments are gaining momentum across Asia. Through this complementary partnership with Ant Group, 2C2P will be connected to a much larger business base and well positioned to further our international expansion strategy. I am confident that 2C2P will be able to scale new heights and create a robust and unparalleled range of payment solutions that will deliver maximum value and impact to our merchants and partners.”.
«Combining the secure and comprehensive payment offerings of Alipay+ and 2C2P, extensive merchant coverage and deep local knowledge of the region, this partnership is a win-win collaboration based on strengths and shared vision to accelerate the digital transformation of businesses through innovation and best-in-class payment solutions“, said Angel Zhao, Chairman of Ant Group International Business Group. «Together we hope to support the digitization of companies and create a connected digital ecosystem in all the markets of the region.«.
Thanks to the association 2C2P plans to further expand its global business coverageas well as strengthening its technology and product capabilities to better serve merchants throughout Southeast Asia and around the world.
2C2P is a full suite payments platform based in Singapore, with a strong presence in key Asian markets including Thailand, Singapore and Malaysia. A market leader in the Southeast Asian payments industry, 2C2P provides payment acceptance, issuance, payment, as well as other value-added solutions and services to merchants in verticals such as e-commerce, financial services, airlines, travel, hospitality, and the retail, all of which are rapidly digitizing their operations since the start of the pandemic.
Introduced by Ant Group 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. . Major e-wallets compatible with Alipay+ include Touch ‘n Go eWallet (Malaysia), KakaoPay (South Korea), GCash (Philippines), Alipay HK (Hong Kong), and more.
