 | |
| Company type | Private |
|---|---|
| Industry | E-commerce payment system, Financial services |
| Founded | 2003 |
| Founder | Aung Kyaw Moe [1] |
| Headquarters | Singapore |
| Services | Payment service provider, Payment processing, Payment gateway, Payment card, Mobile Payment |
Number of employees | 400 (2022) |
| Website | www.2C2P.com |
2C2P is a financial services company headquartered in Singapore. The company primarily provides payment gateway services to businesses. [2] [3]
Businesses using 2C2P's platform include Lazada, Thai Airways International, and Lenovo. [2]
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]
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]
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