Ant Group to take over Singapore-based payments firm 2C2P as fintech giant sharpens focus on growth, overseas expansion
- The Chinese fintech giant has formed a strategic partnership with 2C2P under a deal that will see it become the firm’s majority shareholder
- The move is expected to boost the payment options of Ant’s Alipay+, a cross-border digital payment service

The move is expected to boost the payment options of Ant’s Alipay+, a cross-border digital payment service introduced in 2020, which can process a wide range of mobile payment methods from around the world. Alibaba owns the South China Morning Post.
2C2P offers payment acceptance, issuing, payout, as well as other value-added solutions to merchants across the e-commerce, financial services, airlines, travel, hospitality and retail sectors. It has built a strong presence across key markets in Asia including Thailand, Singapore and Malaysia.

“Combining Alipay+ and 2C2P’s secure and comprehensive payment offerings, extensive merchant coverage and deep local knowledge of the region, this partnership is a win-win collaboration built on strengths and the shared vision to accelerate the digital transformation for businesses through innovation and best-in-class payments solutions,” said Angel Zhao, president of Ant Group’s international business operations.