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Power Law company profile

2C2P

Fintech · Singapore, Singapore · Founded 2003

Established in 2003, 2C2P is a Singapore-headquartered payments platform provider operating across Asia, Europe, and the US. The company was founded by Aung Kyaw Moe, who currently serves as the Group CEO. Aung's journey into entrepreneurship began after a career in programming and digital channel management, identifying a critical gap in online payment processing in Southeast Asia. This experience directly shaped the company's mission to enable businesses to securely accept electronic and mobile payments across the region. 2C2P provides a full-suite of payment acceptance solutions, catering to a diverse client base that includes major airlines, travel companies, and global retailers. The company's business model is centered on transaction fees, generating revenue by processing payments for its merchants. It operates within the competitive fintech and digital payments market, focusing on emerging economies in Southeast Asia. The company's infrastructure allows businesses to accept a wide array of payment methods, from credit cards to local alternative payment options like mobile wallets and bank transfers, through a single integration point. The core service revolves around its comprehensive payment gateway, which is designed to handle the complexities of different local markets. This platform provides features such as card and alternative payment method processing, currency conversion, and fraud management tools. A key benefit for its clients is the ability to offer localized payment options to their customers, which is crucial for conversion in the fragmented Asian market. In a significant milestone, Ant Group, the parent company of Alipay, became the majority shareholder in 2C2P in 2022, a strategic partnership aimed at strengthening the company's position and accelerating its expansion. Keywords: payment gateway, fintech, Southeast Asia, online payments, cross-border payments, merchant services, digital transactions, payment processing, e-commerce payments, alternative payments