2C2P
Company typePrivate
IndustryE-commerce payment system, Financial services
Founded2003; 21 years ago (2003)
FounderAung Kyaw Moe[1]
Headquarters
Singapore
ServicesPayment service provider, Payment processing, Payment gateway, Payment card, Mobile Payment
Number of employees
400 (2022)
Websitewww.2C2P.com

2C2P is a financial services company headquartered in Singapore. The company primarily provides payment gateway services to businesses.[2][3]

Overview

Businesses using 2C2P's platform include Lazada, Thai Airways International, and Lenovo.[2]

History

2C2P was founded in Bangkok, Thailand in 2003 by Myanmar-born computer programmer Aung Kyaw Moe.[4][5] In 2007, the company moved its headquarters to Singapore.[6]

In 2009, 2C2P first secured a seed investment.[7] 2C2P has since received financial backing from venture capitalists Amun Capital, GMO Venture Partners and Digital Media Partners.[3][8]

In 2012, 2C2P launched an alternative payment method called 123, a local-currency alternative payment channel for non-credit-card payment processing.[9][10]

In the fiscal year of 2014, the company processed over US$2.2 billion in transactions.[11] Also in 2014, 2C2P partnered with Mastercard to launch easyBills, a platform that enables cardholders to pay utilities, mobile, and other bills via smartphone or the web.[12][13]

In 2015, 2C2P completed the migration of its services to Amazon Web Services (AWS) and became the first online payment provider offering online credit card installments in Thailand.[14][15]

In 2018, the company partnered with five major corporations to launch the first QR code payment gateway in Thailand.[16]

In early 2020, 2C2P announced the launch of its investment arm, 2C2P.VC.[17] In late 2020, the company refreshed its branding and website to create a more international and accessible look and feel.[3]

In 2022, the company was named a participant in the Bank of Thailand's retail central bank digital currency (CBDC) pilot testing program.[18][19]

In April 2022, 2C2P entered a strategic partnership with Chinese financial and payment company Ant Group, with the latter taking on a majority stake and linking Ant's Alipay+ payment service with 2C2P's existing payment gateway platform.[20][21]

Products and services

2C2P provides payment acceptance, payouts, issuing, digital goods aggregation and reselling services.

The company supports 250 payment methods,[2] including electronic payments, mobile payments, credit cards, and offline payments.[22] The company also aggregates bill payments, digital goods and services - issuing wallets, cards and loyalty programs, and offering mobile top-ups, transportation tickets, and others.[23][24][25]

See also

References

  1. ^ "Aung Kyaw Moe - Founder, 2C2P". About.me. Retrieved 2 April 2015.
  2. ^ a b c "2C2P aims beyond Southeast Asia with Ant Group investment". Nikkei Asia. 28 April 2022. Retrieved 22 November 2022.
  3. ^ a b c "Tech in Asia - Connecting Asia's startup ecosystem". techinasia.com. Retrieved 23 August 2016.
  4. ^ "Influential Leaders: Aung Kyaw Moe". AACSB International (AACSB). Retrieved 11 November 2022.
  5. ^ "Stung by one-baht payment for first project done, Aung's 2C2P works to unite Southeast Asia payments". The Edge Singapore. Retrieved 22 November 2022.
  6. ^ "2C2P launches hiring, brand refresh initiative as it gears up for global expansion". Tech in Asia. 4 December 2020. Retrieved 11 November 2022.
  7. ^ "'E-payment solutions might have more market share than Visa and MasterCard': Q&A with 2C2P founder Aung Kyaw Moe". KrASIA. 19 November 2020. Retrieved 11 November 2022.
  8. ^ "Singapore: Payments firm 2C2P gets strategic investment from SafeCharge, to gain access to global e-commerce - DealStreetAsia". DealStreet Asia. Retrieved 23 August 2016.
  9. ^ "2C2P launches 123 Service to diversify online payment options". RYT9 Thailand News. 24 August 2012. Retrieved 11 November 2022.
  10. ^ "2C2P's Online-To-Offline E-commerce Service '123' Now Available At Over 320,000 Locations". Techsauce.co. 7 November 2016. Retrieved 11 November 2022.
  11. ^ "UnionPay International partners 2C2P to target Southeast Asian ecommerce market". The Paypers. 2 November 2015. Retrieved 11 November 2022.
  12. ^ "2C2P, MasterCard launch easyBills service". Nation Thailand. 24 February 2014. Retrieved 11 November 2022.
  13. ^ "MasterCard holders to pay their bills via 2C2P's easyBills in Thailand". e27. 20 February 2014. Retrieved 11 November 2022.
  14. ^ "2C2P: Building a powerhouse". Bangkok Post. 25 October 2016. Retrieved 22 November 2022.
  15. ^ "2C2P Case Study". Amazon Web Services. Retrieved 22 November 2022.
  16. ^ "QR code payment now via credit card". Bangkok Post. 7 March 2018. Retrieved 11 November 2022.
  17. ^ "2C2P to accelerate SEA expansion with new investment arm, says group CEO". DealStreet Asia. 22 July 2020. Retrieved 11 November 2022.
  18. ^ "Progress of Retail Central Bank Digital Currency (Retail CBDC) Development". Bank of Thailand. 5 August 2022. Retrieved 22 November 2022.
  19. ^ Ossinger, Joanna; Abraham, Thomas Kutty (5 August 2022). "Bank of Thailand Plans Retail CBDC Pilot Test by End of Year". Bloomberg. Retrieved 22 November 2022.
  20. ^ Forbes (19 April 2022). "Alibaba's Ant Group Buys Majority Stake In Singapore Fintech 2C2P". Forbes. Retrieved 11 November 2022.
  21. ^ "China's Ant Group to take up majority ownership of payments platform 2C2P". Reuters. 18 April 2022. Retrieved 19 April 2022.
  22. ^ "Payment Acceptance". 2C2P. Retrieved 15 April 2021.
  23. ^ "Deutsche Bank launches state-of-the-art payments platform through 2C2P in Thailand – Deutsche Bank". Deutsche Bank. Retrieved 15 April 2021.
  24. ^ "Issuing". 2C2P. Retrieved 11 November 2022.
  25. ^ "Digital Goods & Bills". 2C2P. Retrieved 11 November 2022.

External links

Payment service providers
Mobile payment software
Categories