2C2P Teams With Ant Group to Advance Digital Payments in Southeast Asia

Global payments platform 2C2P is teaming up with Ant Group to advance digital payments and innovation in Southeast Asia, according to a press release on Monday (April 18).

Upon completion of the partnership, Ant Group will become a majority shareholder of 2C2P. The tie-up connects 2C2P’s merchants, including its global and regional brands, with Alipay+, adding to its offering of 250 payment options to include more eWallets and local payment methods.

Merchants will get access to a larger geographic reach while being able to easily connect to more than 1 billion consumers around the world, per the release.

“Digital payment adoption has accelerated rapidly in recent years, spurred by the pandemic, with mobile wallet payments widely gaining momentum across Asia,” said Aung Kyaw Moe, founder and CEO of 2C2P. “Through this complementary partnership with Ant Group, 2C2P will be connected to a much larger merchant base and be well-positioned to advance 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.”

Read more: Razer Merchant Services Expands Across Malaysia Through Alipay+

Following the partnership, 2C2P is looking to grow its global merchant coverage and strengthen its technology and product capabilities to better serve retailers in Southeast Asia and around the world.

Alipay+ is a suite of global cross-border digital payments and marketing solutions introduced in 2020 by Ant Group. It helps small businesses process numerous mobile payment options and reach regional and global consumers.

“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,” Zhao added.