2C2P is a financial services company headquartered in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

. The company primarily provides

payment gateway A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The ...

services to businesses.

Overview

Businesses using 2C2P's platform include

Lazada Lazada Group ( zh, 來贊達; t/a Lazada) is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of ...

Thai Airways International Thai Airways International plc () is the flag carrier airline of Thailand. Formed in 1961 as a joint venture between SAS and Thai Airways Company, the airline has its corporate headquarters in Vibhavadi Rangsit Road, Chatuchak district, Bang ...

, and

Lenovo Lenovo Group Limited, trading as Lenovo ( , zh, c=联想, p=Liánxiǎng), is a Chinese multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, servers, conv ...

History

2C2P was founded in

Bangkok Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estim ...

, Thailand in 2003 by

Myanmar Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and has ...

-born computer programmer Aung Kyaw Moe. In 2007, the company moved its headquarters to Singapore. In 2009, 2C2P first secured a seed investment. 2C2P has since received financial backing from venture capitalists Amun Capital, GMO Venture Partners and Digital Media Partners. In 2012, 2C2P launched an alternative payment method called ''123'', a local-currency alternative payment channel for non-credit-card payment processing. In the fiscal year of 2014, the company processed over US$2.2 billion in transactions. 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. In 2015, 2C2P completed the migration of its services to

Amazon Web Services Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon.com, Amazon that provides Software as a service, on-demand cloud computing computing platform, platforms and Application programming interface, APIs to individuals, companies, and gover ...

(AWS) and became the first

online payment An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increa ...

provider offering online credit card installments in Thailand. In 2018, the company partnered with five major corporations to launch the first

QR code payment A QR code payment is a mobile payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic funds transfer at point of sale using a payment terminal. This avoids a lot of the infra ...

gateway in Thailand. In early 2020, 2C2P announced the launch of its investment arm, 2C2P.VC. In late 2020, the company refreshed its branding and website to create a more international and accessible look and feel. In 2022, the company was named a participant in the

Bank of Thailand The Bank of Thailand (BOT; Abbreviation, abbr. ธปท.; , ) is the central bank of Thailand. History The Bank of Thailand (BOT) was first set up as the Thai National Banking Bureau. The Bank of Thailand Act was promulgated on 28 April 1942 ...

's retail

central bank digital currency A central bank digital currency (CBDC; also called digital fiat currency or digital base money) is a digital currency issued by a central bank, rather than by a commercial bank. It is also a liability of the central bank, unless it is dividend-y ...

(CBDC) pilot testing program. In April 2022, 2C2P entered a strategic partnership with Chinese financial and payment company

Ant Group Ant Group ( zh, s=蚂蚁集团, p=Mǎyǐ jítuán, t=), formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves ...

, with the latter taking on a majority stake and linking Ant's

Alipay Alipay () is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company ...

+ payment service with 2C2P's existing payment gateway platform.

Products and services

2C2P provides payment acceptance, payouts, issuing, digital goods aggregation and reselling services. The company supports 250 payment methods, including electronic payments,

mobile payment Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device. Instead of paying with cas ...

s, credit cards, and

offline In computer technology and telecommunications, online indicates a state of connectivity, and offline indicates a disconnected state. In modern terminology, this usually refers to an Internet connection, but (especially when expressed as "on li ...

payments. 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.

References

External links

* {{Digital payment providers Online companies of Singapore Mobile payments Online payments Payment service providers

Overview

History

Products and services

See also

References

External links