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2C2P

“Can Ant International build Southeast Asia's dominant merchant-acquiring rail by integrating 2C2P into the Antom global payments stack?”

Founded2003
HQSingapore
FoundersAung Kyaw Moe
Total raised$48M-$70M (disclosed)
Latest roundAcquired by Ant International (Antom)
IndustryInfrastructure / Payments
The story

Founded 2003 in Bangkok as a payment gateway serving Southeast Asia, 2C2P built a full-suite payments platform spanning online, mobile and offline channels with 600,000+ alternative payment locations. Acquired by Ant International and folded into Antom, positioning 2C2P as the Southeast Asian merchant-acquiring arm of Ant's global merchant payments franchise. The company is now branded '2C2P by Antom' and functions as embedded payment infrastructure across APAC.

Last 12 months
2025-08
Product timeline
2003
Founded in Bangkok, Thailand by Aung Kyaw Moe as a payment gateway provider.· banking
2007
Moved headquarters to Singapore.· pivot
2012
Launched 123, a local-currency alternative payment channel for non-credit-card payment processing.· banking
2022
Acquired by Ant International, becoming part of Antom.· acquisition
2025
Partnered with Visa to expand Click to Pay across Asia Pacific.· banking
The stack
3 layers disclosed in 2C2P’s embedded-finance stack
Payments / PSP
2C2P (self-operated)
Card network
in the full report
FX & payouts
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

2C2P — frequently asked

Who is 2C2P's payment processor?

2C2P processes payments through 2C2P (self-operated).

Which card network does 2C2P use?

2C2P's cards run on Visa.

Who handles 2C2P's FX and cross-border payouts?

2C2P uses 2C2P (self-operated) for FX and cross-border payouts.

What is 2C2P's embedded finance stack?

The Embedded Finance Index 2026 maps 3 layers in 2C2P's stack: Payments / PSP (2C2P (self-operated)); Card network (Visa); FX & payouts (2C2P (self-operated)).

Who founded 2C2P?

2C2P was founded by Aung Kyaw Moe and is founded in 2003, headquartered in Singapore.

How much funding has 2C2P raised?

2C2P has raised $48M-$70M (disclosed) in total (latest round: Acquired by Ant International (Antom)).

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