Funds platform 2C2P has secured a Main Cost Establishment licence from the Financial Authority of Singapore (MAS).
This licence authorises 2C2P to supply an expanded suite of fee providers to companies in Singapore, together with home and cross-border cash transfers.
The licence additionally permits the agency provide service provider acquisition providers.
Since its inception in 2003, 2C2P has been working in Southeast Asia’s fee trade.
In 2022, the corporate grew to become part of Ant Worldwide’s Antom, a supplier of service provider fee and digitisation providers.
2C2P Singapore nation supervisor Agnes Chua mentioned: “We’re excited to construct upon our present fee choices to supply a extra complete funds protection for our retailers in Singapore and throughout Southeast Asia, by way of partnering with Antom in addition to native and regional monetary establishments.
“By leveraging the mixed native experience and world-class applied sciences of Antom and 2C2P, we intention to empower companies of all sizes and supply a trusted and seamless fee expertise for patrons anyplace and anytime.”
Final month, ShopBack, an organization specialising in purchasing rewards and funds, obtained the MPL licence in Singapore.
The licence permits ShopBack to combine fee providers inside Singapore’s regulatory setting by way of its product, ShopBack Pay.
Consequently, ShopBack can instantly facilitate fee transactions, enabling retailers to simply accept and prospects to make funds utilizing ShopBack Pay.
“2C2P secures main fee establishment licence in Singapore ” was initially created and printed by Digital Funds Worldwide, a GlobalData owned model.
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