Ant Group and 2C2P, a worldwide payments platform, have declared a tactical alliance to speed up digital payment acceptance and modernization. By the end of this alliance, Ant Group will become a leading stockholder in 2C2P.
By means of this alliance, 2C2P’s massive group of clients, including international and regional brands, will be associated with Alipay+, expanding its existing 250 payment options to incorporate more e-wallets and other regional payment modes. Through this, the clients will be enabled with a larger physical reach, linking them effortlessly to more than 1 billion customers worldwide.
Aung Kyaw Moe, Founder, CEO, 2C2P, stated, “Digital payment adoption has accelerated rapidly in recent years, spurred by the pandemic, with mobile wallet payments widely gaining momentum across Asia. 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.“
Because of the agreement dedicated to serving retailers in Southeast Asia, 2C2P intends to increase its worldwide retailer presence and develop its technological and product abilities.
Alipay+ is a set of global cross-border digital payments and marketing solutions developed by Ant Group to allow organizations, specifically small and medium-sized organizations, to manage a broad range of mobile payment systems and to better connect with international and local customers.
Angel Zhao, President Ant Group’s International Business Group, cited, “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. We look forward to supporting businesses’ digitalization together and creating a connected digital ecosystem across markets in the region.“