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Ant Group to acquire controlling stake in Singapore payment platform

2C2P, a global payments platform headquartered in Singapore, and Ant Group announced a strategic partnership to accelerate digital payment adoption and innovation. The partnership, upon completion, will see Ant Group becoming the majority shareholder of 2C2P. Through the strategic partnership, 2C2P’s extensive pool of merchants, inclusive of global and regional brands, will be connected with Alipay+, extending its current 250 payment options offering to include even more e-wallets and local payment methods. With this, merchants will benefit from a wider geographical reach, connecting seamlessly to over one billion consumers globally. On the back of the partnership, 2C2P plans to further expand its global merchant coverage, in addition to strengthening its technology and product capabilities to better serve merchants across Southeast Asia and globally.

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