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 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]
Products and services
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]
