2C2P

2C2P
Private
Industry E-commerce payment system, Financial services
Founded 2003
Headquarters Singapore
Key people
 Aung Kyaw Moe (Founder)[1]
Services Payment service provider, Payment processing, Payment gateway, Payment card, Mobile Payment
Number of employees
 100-150 (2015)
Website www.2C2P.com

2C2P is a Singapore-headquartered pan-ASEAN[2] payment services company. It was founded in 2003 by Aung Kyaw Moe,[3][4] an entrepreneur from Myanmar who is based in Singapore and Thailand. In addition to establishing 2C2P, Aung has also co-founded Paysbuy,[5] a Thai payments company, in 2004.

2C2P works with financial institutions, e-commerce and m-commerce merchants. It is headquartered in Singapore and has offices across Southeast Asia, including in Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines and Thailand, as well as in Hong Kong.[6]

The company processed over $2.2 billion in transactions in FY2014.[7][8] 2C2P has received financial backing from venture capitalists Amun Capital, GMO Venture Partners[9] and Digital Media Partners.[10] 2C2P was listed by Deloitte as one of only three Singaporean businesses, and among the fastest growing regional technology companies in the 2013 Deloitte Technology Fast 500 Awards.[11][12] In 2015, it was named among the Top 25 payment startups by CB Insights, alongside Square Inc., Stripe (company), Adyen.[13]

Products and services

Citizen Card, Myanmar's first prepaid card with a virtual application
iACCEPT, a mobile point of sale payment solution demonstrated on a Samsung Android (operating system) mobile device
Demonstration of easyBills on an iPad

2C2P offers a variety of multi-channel payment platforms, payment gateways and other white-label payment solutions. Their services span local and international payment card acceptance, issuing prepaid cards and accepting cash and cash equivalent solutions, such as 123 Payments.[14][15]

AIS mPay MasterCard,[16] a virtual credit card payment service in Thailand, offered together with Advanced mPay (the mobile payment arm of AIS), MasterCard and Thanachart Bank.[17]

iACCEPT, the first mobile point-of-sales system in Myanmar, allowing guests at The Inya Lake Hotel and Strand Hotel to pay their hotel bills using their mobile devices, offered together with Myanmar Citizens Bank and Myanmar Hotels International.[18][19]

'easyBills’, the first financial service in Thailand that allows card holders to make bill payments online or by using their mobile devices, provided together with MasterCard.[20] easyBills was also launched in Myanmar in June 2015, billed as Myanmar's first domestic electronic bill payment offering.[21] Since June 2015, Visa card holders can pay their bills using easyBills.

Thailand’s national carrier THAI Airways tasked 2C2P to process all transactions made on their website, a value which could be as high as USD 2.47 billion (80 billion THB).[22]

Central Group, Southeast Asia's largest retail conglomerate [23] appointed 2C2P to implement payment services for five of their retail brands - B2S, Central, OfficeMate, Robinson and SuperSports.[24]

“Citizen Card”, the first prepaid card issued by Myanmar Citizens Bank, and the first card[25] in the country with a real-time mobile application.[26][27]

Myanmar Payments Union and 2C2P launched Myanmar’s first e-Commerce payment platform[28] in February 2015.[29]

2C2P’s 3D Secure authentication technology is widely implemented by card issuing banks across Southeast Asia, and is responsible for over 85% of authentications in Thailand alone.[30]

See also

References

  1. ↑ "Aung Kyaw Moe - Founder, 2C2P". About.me. Retrieved 2015-04-02.
  2. ↑
  3. ↑ "Aung Kyaw Moe - Founder & Group CEO @ 2C2P". CrunchBase.com. Retrieved 2015-04-02.
  4. ↑ "Series A investments in ASEAN tripled in 2014: Golden Gate Ventures". DealStreetAsia. Retrieved 2015-09-18.
  5. ↑ Sakawee, Saiyai (2014-02-27). "Online payment provider Paysbuy celebrates 10-year anniversary and plans to launch 4 new services". Tech In Asia. Retrieved April 4, 2015.
  6. ↑ "PR: Creative Web Studio partners 2C2P on online payments in Myanmar" (Press release). Finextra.com. 2014-07-17. Retrieved 2015-04-02.
  7. ↑ "2C2P Raises $7M To Bridge The Payment Gap In Southeast Asia". TechCrunch. 2015-04-27. Retrieved 2015-09-18.
  8. ↑ "Paypal competitor 2C2P secures $2 million funding". Techinasia.com. 2014-01-29. Retrieved 2015-04-02.
  9. ↑ "Southeast Asian Payments Provider 2C2P Raises $7 Million From Amun Capital and Japan's GMO Venture". Forbes.com. Retrieved 2015-09-18.
  10. ↑ "Digital Media Partners". CrunchBase.com. Retrieved 2015-04-02.
  11. ↑ "Homegrown MatchMove is Singapore’s Fastest Growing" (Press release). Archived from the original on 7 April 2015.
  12. ↑ Thean, Goh (2015-03-27). "Fast 500 companies: Only 1 from Malaysia, 3 from Singapore". Digitalnewsasia.com. Retrieved 2015-04-02.
  13. ↑ "Top 25 Payments Startups by Mosaic Score". CB Insights. 2015-06-19. Retrieved 2015-09-22.
  14. ↑ "How 2C2P Plans To Solve Payment Problem in Southeast Asia [VIDEO] - Yahoo Singapore Finance". Sg.finance.yahoo.com. 2013-03-07. Retrieved 2015-04-02.
  15. ↑ "Easy Ways To Pay". 123.co.th. 2012-08-21. Retrieved 2015-04-02.
  16. ↑ "mPAY - Android Apps on Google Play". Play.google.com. Retrieved 2015-04-02.
  17. ↑ Bangkok Post Editorial (2013-09-25). "Bangkokpost.com". M.bangkokpost.com. Retrieved 2015-04-02.
  18. ↑ "2C2P partners Myanmar Citizen Bank to launch POS system | iN.SG". Ida.gov.sg. Retrieved 2015-04-02.
  19. ↑ "2C2P commits to Myanmar with mobile POS solution iACCEPT". E27.co. Retrieved 2015-04-02.
  20. ↑ The Nation February 25, 2014 1:00 am (2014-02-25). "2C2P, MasterCard launch easyBills service - The Nation". Nationmultimedia.com. Retrieved 2015-04-02.
  21. ↑ "Why Myanmar is ready to go cash-free". Video.cnbc.com. Retrieved 2015-09-18.
  22. ↑ "Thai Airways books online with 2C2P". Enterpriseinnovation.net. 2014-04-14. Retrieved 2015-04-02.
  23. ↑ "Branching out - Nikkei Asian Review". Asia.nikkei.com. 2014-04-10. Retrieved 2015-04-02.
  24. ↑ "Thailand's Central Group debuts e-payment services". Telecomasia.net. 2014-07-31. Retrieved 2015-04-02.
  25. ↑ "MasterCard brings prepaid credit card to Myanmar". Telecom Asia. 2015-07-23. Retrieved 2015-09-18.
  26. ↑ "Myanmar bank launches ‘Citizen Card’". Enterpriseinnovation.net. 2015-01-12. Retrieved 2015-04-02.
  27. ↑ "Tracking developments in Myanmar's financial services". Video.cnbc.com. Retrieved 2015-04-02.
  28. ↑ "FinTech in Myanmar gets boost from new e-commerce payments platform". E27.co. Retrieved 2015-04-02.
  29. ↑ "From cash to cards: Plastic finds a place in Myanmar's wallets- Nikkei Asian Review". Asia.nikkei.com. 2015-03-11. Retrieved 2015-04-02.
  30. ↑ "Central Group to check out with 2C2P". Contactlessintelligence.com. 2014-07-29. Retrieved 2015-04-02.

External links

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