Ant deal to support 2C2P expansion plan
Acquisition set to be completed in Q2
2C2P, a major payment platform in Asean, has created an ambitious plan to expand its services globally after Ant Group, an affiliated company of Alibaba, last month agreed to acquire a majority stake in the Singapore-based firm.
“For this year, we will grow faster than ever as we have a springboard from our new major shareholder,” said Piyachart Ratanaprasartporn, chief executive of 2C2P Thailand, during a virtual media interview.
The deal with Ant is expected to be completed by the second quarter, he said.
Through the strategic partnership, 2C2P’s pool of merchants — inclusive of global and regional brands — will be connected with Alipay+, a mobile…
