2C2P Pte Ltd, a leading payments platform in Southeast Asia, has been granted a Major Payment Institution licence by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. This development allows 2C2P to expand its payment services, including domestic and cross-border money transfers and merchant acquisition services, to businesses in Singapore and the broader Southeast Asian region.
The licence comes at a time when Singapore’s financial institutions are under increased regulatory scrutiny. Agnes Chua, Country Manager of 2C2P Singapore, remarked, “This marks a significant milestone for 2C2P and we look forward to expanding our services and advancing access to meet the ever-changing needs of our local merchants in Singapore and across Southeast Asia.”
Founded in 2003, 2C2P has been a pioneer in the region’s payments sector. Since 2022, it has been part of Ant International’s Antom, a global leader in merchant payment and digitisation services. Chua added, “We are excited to build upon our existing payment offerings to provide a more comprehensive payments coverage for our merchants in Singapore and across Southeast Asia, through partnering with Antom as well as local and regional financial institutions.”
In March 2025, 2C2P launched its annual whitepaper on the Southeast Asia digital payments landscape, further solidifying its expertise in the industry. The new licence is expected to enhance 2C2P’s ability to provide a seamless payment experience for businesses of all sizes in the region.
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