Company:2C2P

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Short description: Payment services company
2C2P
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. http://about.me/aung. 
  2. ↑ 2.0 2.1 2.2 "2C2P aims beyond Southeast Asia with Ant Group investment" (in en-US). 2022-04-28. https://asia.nikkei.com/Business/Companies/2C2P-aims-beyond-Southeast-Asia-with-Ant-Group-investment. 
  3. ↑ 3.0 3.1 3.2 "Tech in Asia - Connecting Asia's startup ecosystem" (in en-US). https://www.techinasia.com/2c2p-series-c-funding. 
  4. ↑ "Influential Leaders: Aung Kyaw Moe". https://www.aacsb.edu/about-us/advocacy/member-spotlight/influential-leaders/2022/aung-kyaw-moe. 
  5. ↑ "Stung by one-baht payment for first project done, Aung's 2C2P works to unite Southeast Asia payments". https://www.theedgesingapore.com/news/startups-entrepreneurs-digital-economy/2c2p-aung-kyaw-moe. 
  6. ↑ "2C2P launches hiring, brand refresh initiative as it gears up for global expansion" (in en-US). Tech in Asia. 2020-12-04. https://www.techinasia.com/2c2p-launches-hiring-brand-refresh-initiative-gears-global-expansion. 
  7. ↑ "'E-payment solutions might have more market share than Visa and MasterCard': Q&A with 2C2P founder Aung Kyaw Moe". 2020-11-19. https://kr-asia.com/e-payment-solutions-might-have-more-market-share-than-visa-and-mastercard-qa-with-2c2p-founder-aung-kyaw-moe. 
  8. ↑ "Singapore: Payments firm 2C2P gets strategic investment from SafeCharge, to gain access to global e-commerce - DealStreetAsia" (in en-US). http://www.dealstreetasia.com/stories/26192-26192/. 
  9. ↑ "2C2P launches 123 Service to diversify online payment options". 2012-08-24. https://www.ryt9.com/en/prg/127740. 
  10. ↑ "2C2P's Online-To-Offline E-commerce Service '123' Now Available At Over 320,000 Locations". 2016-11-07. https://techsauce.co/pr-news/2c2ps-123-surpassed-320k-locations. 
  11. ↑ "UnionPay International partners 2C2P to target Southeast Asian ecommerce market". 2015-11-02. https://thepaypers.com/online-payments/unionpay-international-partners-2c2p-to-target-southeast-asian-ecommerce-market--761950. 
  12. ↑ "2C2P, MasterCard launch easyBills service". 2014-02-24. https://www.nationthailand.com/tech/30227617. 
  13. ↑ "MasterCard holders to pay their bills via 2C2P's easyBills in Thailand". 2014-02-20. https://e27.co/mastercard-holders-to-pay-their-bills-via-2c2ps-easybills-in-thailand. 
  14. ↑ "2C2P: Building a powerhouse". 2016-10-25. https://www.bangkokpost.com/business/1118637/2c2p-building-a-powerhouse. 
  15. ↑ "2C2P Case Study". https://aws.amazon.com/solutions/case-studies/2c2p/. 
  16. ↑ "QR code payment now via credit card". 2018-03-07. https://www.bangkokpost.com/business/1423658/qr-code-payment-now-via-credit-card. 
  17. ↑ "2C2P to accelerate SEA expansion with new investment arm, says group CEO". 2020-07-22. https://www.dealstreetasia.com/stories/2c2p-interview-197565. 
  18. ↑ "Progress of Retail Central Bank Digital Currency (Retail CBDC) Development". 2022-08-05. https://www.bot.or.th/English/PressandSpeeches/Press/2022/Pages/n3965.aspx. 
  19. ↑ Ossinger, Joanna; Abraham, Thomas Kutty (2022-08-05). "Bank of Thailand Plans Retail CBDC Pilot Test by End of Year". Bloomberg. https://www.bloomberg.com/news/articles/2022-08-05/bank-of-thailand-plans-retail-cbdc-pilot-test-by-end-of-year?leadSource=uverify%20wall. 
  20. ↑ Forbes (2022-04-19). "Alibaba's Ant Group Buys Majority Stake In Singapore Fintech 2C2P" (in en). Forbes. https://www.forbes.com/sites/jonathanburgos/2022/04/19/alibabas-ant-group-buys-majority-stake-in-singapore-fintech-2c2p/?sh=3e2637d340c2. 
  21. ↑ "China's Ant Group to take up majority ownership of payments platform 2C2P" (in en). Reuters. 2022-04-18. https://www.reuters.com/world/china/chinas-ant-group-take-up-majority-ownership-payments-platform-2c2p-2022-04-18/. 
  22. ↑ "Payment Acceptance" (in en). https://2c2p.com/payment-acceptance. 
  23. ↑ "Deutsche Bank launches state-of-the-art payments platform through 2C2P in Thailand – Deutsche Bank" (in en). https://www.db.com/news/detail/20210218-deutsche-bank-launches-state-of-the-art-payments-platform-through-2c2p-in-thailand?language_id=1. 
  24. ↑ "Issuing" (in en). https://2c2p.com/issuing. 
  25. ↑ "Digital Goods & Bills" (in en). https://www.2c2p.com/digital-goods-and-bills. 

External links



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