2C2P

2C2P is a Singapore-headquartered financial technology company focused on payment infrastructure for businesses, merchants, platforms, and financial institutions. Its principal activity is the provision of payment gateway services, allowing businesses to accept and manage payments through cards, electronic wallets, mobile payment systems, bank-based channels, and selected offline methods. The company also provides related payment-processing, acquiring, payout, issuing, and merchant-management capabilities. The business was founded in Bangkok, Thailand, in 2003 by Myanmar-born computer programmer Aung Kyaw Moe. In 2007, it moved its headquarters to Singapore, positioning itself closer to the region's expanding financial technology, e-commerce, and cross-border business ecosystem. The company's development has been associated with the growth of digital commerce and the need for merchants to integrate multiple payment methods through a single technology and service provider. 2C2P has developed beyond conventional card acceptance. Its service portfolio has included alternative payment channels, bill-payment aggregation, digital-goods distribution, mobile top-ups, transportation tickets, wallet and card issuance, loyalty-program support, and payout services. Its platform has been described as supporting a broad set of electronic, mobile, card, and offline payment methods. This multi-method approach is particularly relevant in Asian markets, where payment preferences and financial infrastructure vary considerably between countries. The company began receiving external investment in 2009, with backing reported from Amun Capital, GMO Venture Partners, and Digital Media Partners. It subsequently formed technology and commercial partnerships with established financial and corporate organizations. In 2014, it worked with Mastercard on easyBills, a service for paying utilities, mobile services, and other bills through the web or a smartphone. In 2015, it completed a migration of its services to Amazon Web Services and introduced online credit-card installment capabilities in Thailand. In 2018, it partnered with five major corporations to launch a QR-code payment gateway in Thailand. 2C2P also pursued activities beyond its core operating platform. In early 2020, it announced 2C2P.VC as an investment arm, and later that year it refreshed its brand identity and website with a more international presentation. In 2022, it was named as a participant in the Bank of Thailand's retail central bank digital currency pilot testing program, indicating an interest in emerging payment infrastructure and central-bank-led digital currency experimentation. A major ownership change occurred in 2022, when Ant Group entered into a strategic partnership with 2C2P and took a majority stake. The arrangement connected Ant Group's Alipay+ service with 2C2P's payment gateway platform and brought the company into Ant Group's wider payments ecosystem. The transaction strengthened 2C2P's ability to connect merchants with international and regional payment methods, while giving Ant Group an additional platform for merchant acceptance and cross-border payment connectivity in Asia. Businesses reported as using or associated with 2C2P's platform include Lazada, Thai Airways International, and Lenovo. Public information establishes the company's broad product categories and selected partnerships, but does not provide a consistently detailed public breakdown of revenue, transaction volume, market share, customer numbers, or country-by-country operations. Accordingly, this entry characterizes 2C2P primarily as an Asian business-payments infrastructure provider without assigning unverified scale figures.

2C2P was established in Bangkok in 2003 by Aung Kyaw Moe, a Myanmar-born computer programmer. It entered the Asian payments market at a time when online commerce was creating demand for reliable merchant payment acceptance, but when card penetration and payment practices differed substantially across countries. The company's initial role centered on helping businesses accept online payments and process transactions through a technology platform. In 2007, 2C2P moved its headquarters to Singapore. The relocation placed the company in a major regional financial and technology hub and supported its development as a cross-border payments provider. It secured seed investment in 2009 and later received backing from Amun Capital, GMO Venture Partners, and Digital Media Partners. These investments supported the company's expansion and product development, although detailed funding amounts and financing dates are not consistently disclosed in the cited public material. The company broadened its payment model during the 2010s. In 2012, it launched 123, an alternative local-currency payment channel designed to serve users who did not pay by credit card. In 2014, it partnered with Mastercard on easyBills, allowing users to pay utilities, mobile services, and other bills through online and mobile interfaces. In 2015, 2C2P migrated its services to Amazon Web Services and became an early provider of online credit-card installment functionality in Thailand. In 2018, it worked with five major corporations on a QR-code payment gateway for the Thai market. Its wider service portfolio came to include payment acceptance, payouts, issuing, digital-goods aggregation and resale, bill-payment aggregation, mobile top-ups, transportation tickets, and support for wallets, cards, and loyalty programs. This diversification reflected the fragmented nature of Asian payments, where merchants often need access to multiple card schemes, e-wallets, mobile channels, bank channels, and offline payment methods. Reported platform users or business customers include Lazada, Thai Airways International, and Lenovo. In early 2020, 2C2P announced the creation of 2C2P.VC as an investment arm. Later that year, the company refreshed its branding and website to make its presentation more international and accessible. In 2022, it was selected as a participant in the Bank of Thailand's retail CBDC pilot testing program, connecting the company with a major public-sector experiment in digital-money infrastructure. The most significant later development was Ant Group's 2022 strategic investment. In April 2022, Ant Group took a majority stake in 2C2P and linked its Alipay+ payment service with 2C2P's payment gateway. The deal expanded the relationship between Ant Group's international payment ecosystem and 2C2P's merchant-acquiring and payment-acceptance infrastructure. It also placed 2C2P within a larger payments group while preserving its identity as a business-facing payment technology provider. Publicly available material supports this broad account of 2C2P's origins, product evolution, partnerships, and ownership change. It does not establish a complete chronology of management appointments, regional subsidiaries, financial performance, transaction volume, or market share. Those areas therefore remain limited in this dossier.

• 2022

  Participation in Thailand's retail CBDC pilot

  [1]2C2Pen.wikipedia.org

  2C2P is named as a participant in the Bank of Thailand's retail central bank digital currency pilot testing program.

• 2022

  Ant Group takes a majority stake

  [2]Ant Group to acquire majority stake in 2C2Pantgroup.com

  Ant Group enters a strategic partnership with 2C2P, takes a majority stake, and connects Alipay+ to the 2C2P payment gateway.

• 2020

  Creation of 2C2P.VC

  [1]2C2Pen.wikipedia.org

  2C2P announces an investment arm called 2C2P.VC.

• 2018

  Thai QR-code payment gateway

  [1]2C2Pen.wikipedia.org

  The company partners with five major corporations to launch a QR-code payment gateway in Thailand.

• 2015

  AWS migration and Thai installment payments

  [1]2C2Pen.wikipedia.org

  2C2P completes its migration to Amazon Web Services and adds online credit-card installment functionality in Thailand.

• 2014

  easyBills partnership with Mastercard

  [1]2C2Pen.wikipedia.org

  2C2P and Mastercard introduce easyBills for online and mobile bill payments.

• 2012

  Launch of 123 alternative payments

  [1]2C2Pen.wikipedia.org

  2C2P launches a local-currency alternative payment channel for transactions not using credit cards.

• 2009

  First reported seed investment

  [1]2C2Pen.wikipedia.org

  The company secures seed investment and subsequently attracts backing from several venture investors.

• 2007

  Headquarters move to Singapore

  [1]2C2Pen.wikipedia.org

  2C2P relocates its headquarters from Bangkok to Singapore as it develops a broader regional operating base.

• 2003

  2C2P is founded in Bangkok

  [1]2C2Pen.wikipedia.org

  Aung Kyaw Moe establishes 2C2P in Bangkok, Thailand, to develop online payment services.

A regional business-payments infrastructure and payment-services provider that helps merchants and platforms accept diverse Asian and international payment methods through one technology and operational layer.

• Payment technology

  2C2P Payment Gateway

  The core gateway connects merchants and platforms with a wide range of payment methods, including credit and debit cards, electronic wallets, mobile payments, bank-based channels, and selected offline methods. It provides the technology layer for payment acceptance and transaction routing, helping businesses manage fragmented payment preferences across Asian markets rather than integrating every method independently.

• Alternative payments · 2012

  123

  Introduced in 2012, 123 is an alternative payment channel designed to support local-currency transactions for customers who do not use credit cards. It reflects 2C2P's emphasis on accommodating regional payment behavior and expanding online acceptance beyond conventional international card networks.

• Bill payments · 2014

  easyBills

  Developed with Mastercard in 2014, easyBills enabled cardholders to pay utility, mobile, and other bills through web or smartphone interfaces. The service extended 2C2P's payment-processing capabilities into recurring and everyday bill-payment use cases.

• Payment services

  Payment processing and acquiring

  2C2P provides transaction processing and related acquiring services for merchants, enterprises, and platforms. These capabilities help businesses accept payments from multiple channels and manage settlement and payment operations through a regional service provider.

• Payment services

  Payouts and issuing

  The company's broader platform includes payout and issuing capabilities. These services can support the distribution of funds and the creation or operation of payment instruments such as wallets and cards, although detailed product specifications and availability by market are not publicly established in the cited material.

• Digital commerce services

  Digital goods and payment-service aggregation

  2C2P aggregates and resells digital goods and services, including mobile top-ups and transportation tickets, and has also supported bill-payment aggregation and loyalty programs. These services broaden the platform from pure payment acceptance into digital-commerce distribution and merchant engagement.

• 2020Brand and website refresh

  International · Asia-Pacific

  2C2P refreshed its visual identity and website to communicate a more international and accessible brand position.

  Outcome. The refresh supported the company's presentation as a regional rather than solely Thailand-focused payment technology provider.

  Source

• 2022

  Ant Group takes a majority stake in 2C2PM&A

  Background

  Regional payment providers were seeking broader merchant coverage and connections among local and international payment ecosystems.

  Action taken

  Ant Group announced a strategic partnership with 2C2P, took a majority stake, and linked Alipay+ with 2C2P's payment gateway platform.

  Aftermath

  2C2P became part of Ant Group's wider payments strategy while retaining its business-facing payment infrastructure role. The transaction value was not included because it is not established in the cited source material.

  Source

• 2018

  Thai QR-code payment gatewayProduct launch

  Background

  QR payments were becoming an important acceptance method in Thailand and other Asian markets.

  Action taken

  2C2P partnered with five major corporations to launch a QR-code payment gateway in Thailand.

  Aftermath

  The initiative broadened 2C2P's support for mobile and account-based payment experiences.

  Source

• 2015

  Migration to Amazon Web ServicesStrategy

  Background

  2C2P sought to operate a scalable infrastructure for online payment processing and regional growth.

  Action taken

  The company migrated its services to Amazon Web Services.

  Aftermath

  The migration became part of the company's technology infrastructure development; detailed operational effects are not publicly quantified in the cited material.

  Source

• 2012

  Launch of the 123 alternative payment channelProduct launch

  Background

  Online merchants needed payment options for customers who did not use credit cards, particularly in markets with varied local payment practices.

  Action taken

  2C2P introduced a local-currency alternative payment channel called 123.

  Aftermath

  The launch expanded the company's payment-acceptance proposition beyond conventional card processing.

  Source

• 2022

  2C2P joins Thailand's retail CBDC pilot[1]2C2Pen.wikipedia.org

  Regulation

  2C2P was named as a participant in the Bank of Thailand's retail central bank digital currency pilot testing program.

• 2022

  Ant Group agrees to acquire a majority stake in 2C2P[2]Ant Group to acquire majority stake in 2C2Pantgroup.com

  M&A

  Ant Group announced a strategic partnership with 2C2P involving a majority stake and integration of Alipay+ with 2C2P's existing payment gateway platform.

• 2020

  2C2P announces 2C2P.VC[1]2C2Pen.wikipedia.org

  Other

  The company announced an investment arm, 2C2P.VC, extending its activities beyond its core payment-technology operations.

• 2020

  2C2P refreshes its brand identity and website[1]2C2Pen.wikipedia.org

  Campaign

  2C2P updated its branding and website to present a more international and accessible identity.

• 2018

  2C2P partners to launch a QR-code payment gateway in Thailand[1]2C2Pen.wikipedia.org

  Product launch

  2C2P worked with five major corporations on a QR-code payment gateway described as a first of its kind in Thailand.

• 2015

  2C2P completes migration to Amazon Web Services[1]2C2Pen.wikipedia.org

  Product launch

  2C2P completed the migration of its services to AWS and expanded its Thai payment capabilities with online credit-card installment support.

• 2014

  2C2P and Mastercard introduce easyBills[1]2C2Pen.wikipedia.org

  Product launch

  The companies launched easyBills, enabling cardholders to pay utility, mobile, and other bills through web and smartphone channels.

• 2012

  2C2P launches the 123 alternative payment channel[1]2C2Pen.wikipedia.org

  Product launch

  2C2P introduced 123, a local-currency alternative payment channel intended to support customers who did not use credit cards for online transactions.

1. 12C2Pen.wikipedia.org
2. 2Ant Group to acquire majority stake in 2C2Pantgroup.com
3. 32C2P official website2c2p.com
4. 42C2P Raises $52 Million for Payments Tech: Travel Startup Funding This Weekskift.com
5. 52C2P secures $52 million in new fundingnationthailand.com
6. 6BillEase expands ‘Buy Now, Pay Later’ reach in the Philippines through strategic partnership with 2C2Pilonggotechblog.com