2C2P was founded in 2003 by Aung Kyaw Moe, an entrepreneur from Myanmar who is based in Singapore and Thailand. Aung also co-founded Paysbuy, a Thai payments company, in 2004. The company processed over $2.2 billion in transactions in FY2014. 2C2P has received financial backing from venture capitalists Amun Capital, GMO Venture Partners and Digital Media Partners. 2C2P was selected by Deloitte as No. 100 in the 2013 Deloitte Technology Fast 500 Awards, recognising the fastest growing regional technology companies. In 2015 it was named among the Top 25 payment startups by CB Insights, alongside Square Inc., Stripe, Adyen. The name of the company means "To Cash To Payment".
Products and services
2C2P offers multi-channel payment platforms, payment gateways and other white-label payment solutions. Services include span local and international payment card acceptance, issuing prepaid cards and accepting cash and cash equivalent solutions, such as 123 Payments. 123, an alternative payment service, allows customers to pay for online purchases via over-the-counter payment at its service network of over 320,000 locations throughout Southeast Asia. AIS mPay MasterCard, a virtual credit card payment service in Thailand, offered together with Advanced mPay, MasterCard and Thanachart Bank. iACCEPT, a 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. '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. easyBills was also launched in Myanmar in June 2015.
Partnerships
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. Central Group, a retail conglomerate from Thailand, appointed 2C2P to implement payment services for five of their retail brands - B2S, Central, OfficeMate, Robinson and SuperSports. "Citizen Card", the first prepaid card issued by Myanmar Citizens Bank, and the first card in the country with a real-time mobile application. Myanmar Payments Union and 2C2P launched Myanmar's first e-Commerce payment platform in February 2015. 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.
