Alibaba Ant Group Acquires The Singapore 2C2P Payments Company
Apr 20, 2022 ·
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Description
Alibaba’s fintech affiliate Ant Group has acquired 2C2P, a Singapore-based company that helps enterprises in Southeast Asia move money across borders. Ant will form a strategic partnership with 2C2P and...
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Alibaba’s fintech affiliate Ant Group has acquired 2C2P, a Singapore-based company that helps enterprises in Southeast Asia move money across borders. Ant will form a strategic partnership with 2C2P and become its largest shareholder, though a figure for the acquisition wasn’t disclosed.
Founder and CEO of 2C2P, Aung Kyaw Moe, says the partnership with Ant Group, 2C2P will be connected to a much larger merchant base and be well-positioned to advance to international expansion strategy adding that the partnership will help extend the company’s current 250 payment options to include more e-wallets and payments methods.
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Founder and CEO of 2C2P, Aung Kyaw Moe, says the partnership with Ant Group, 2C2P will be connected to a much larger merchant base and be well-positioned to advance to international expansion strategy adding that the partnership will help extend the company’s current 250 payment options to include more e-wallets and payments methods.
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