The Singapore-based FinTech helps enterprises in Southeast Asia move money across borders.
In Brief:
The deal will integrate Ant Group's Alipay+ payment service with 2C2P's platform that is used by merchants across Asia, the Americas, Europe and the Middle East.
Ant Group is building a global cross-border payments network - partnering with and investing in third-party banks, e-wallets, remittance services and other elements of the ecosystem. The 2C2P deal adds to that value network.
Ant Group's third-party network already includes KakaoPay in South Korea, TrueMoney in Thailand, Dana in Indonesia, bKash in Bangladesh, and Klarna in Europe.
What does this mean?
As digital payment adoption accelerates rapidly - spurred by the Covid pandemic - mobile wallet payments are gaining momentum across Asia.
