Leading Southeast Asian payment services provider 2C2P has signed a strategic partnership with advanced payment technologies firm SafeCharge International Group Ltd.
This is a major deal in that it will enable Southeast Asian retailers and brands access to the European and North American B2C e-commerce markets worth a combined $985bn (£670bn) annually.
The terms of the partnership has seen both companies integrate each others’ payment services into their own offerings to merchants and retailers.
Aung Kyaw Moe, 2C2P Group CEO and Founder, said of the announcement: “We are committed to expand our payment services, capitalizing on global e-commerce flows. In SafeCharge, we have a formidable partner with proven global innovation and insights. We are empowering Southeast Asian retailers and merchants to connect to the world, providing more avenues for their customers to transact.”
2C2P works with some of Southeast Asia’s largest e-commerce and m-commerce merchants. It processed more than $2.2bn (£1.49bn) in transactions in FY2014, growing by over 440% year-on-year versus FY2013. In 2015, 2C2P was recognized by CBInsights as one of the world’s top 25 payment startups. It currently has offices in nine countries in Southeast Asia.
David Avgi, CEO of SafeCharge said: “The addition of 2C2P’s Southeast Asian-regional payment solutions compliments the company’s current offering, enabling our customers to penetrate more global markets.”
He added: “We are driven to expand our payment suite worldwide, including in Asia, a priority geography for SafeCharge’s strategic long term vision. Through the partnership with 2C2P, we endeavour to capitalize on the region’s fast growth.”