2C2P

Better internet access and rising affluence are factors that will continue to drive more spending online. According to Bain & Company, the value of ASEAN’s e-commerce has expanded seven times in four years, from US$5.5 billion in 2015 to over US$38 billion in 2019.

What can ease the complexity of making transactions online? 2C2P offers a secured payment gateway with multiple payment solutions to simplify both shops’ and shoppers’ needs.

2C2P is the leading SEA payment service provider that offers omni-channel payment solutions, allowing merchants to accept local and international payments through credit and debit cards, bank channels (ATMs, iBanking and mBanking) and alternative payment methods (APM) that accepts cash payments such as 7-11 or wallet settlements.

Along with the convenience online shopping brings us, many fall victim to online shopping scams. Global credit card fraud was ranked #1 type of identity theft in 2019 and has made shoppers skeptical from making payments online. To ease shoppers’ concerns, 2C2P offers a service that allows shoppers to purchase online but pay offline. Their network connects to more than 100 partners with 400,000 (and growing) payment collection points across SEA that accepts cash payments.

This not only enables conventional stores to increase revenue streams and increase traffic but also helps shops increase credibility.

Although taking the lead in the Southeast Asia’s payment service market, 2C2P has yet to stop here. 2C2P launched their VC arm in April 2020 to help strengthen its core markets in the region, including Thailand, Indonesia, Malaysia, Myanmar, the Philippines, and Singapore and keep an eye out for companies that can help expand its footprints beyond Southeast Asia.