BANGKOK, THAILAND, 26 Aug 2021 - 2C2P, a global payments platform, today announced a partnership with Grab Financial Group (GFG), Southeast Asia’s leading fintech platform. The partnership expands the top-up channels of GFG’s GrabPay Wallet to include Thailand’s top banks, and will leverage 2C2P’s extensive merchant network to enable the GrabPay Wallet as a payment option at a wide plethora of shops and businesses in Thailand by early 2022.
Through this partnership, GrabPay Wallet users will be able to leverage 2C2P’s secure payment gateway to top up their GrabPay Wallet from a variety of Thai banks, including Siam Commercial Bank (SCB), Bank of Ayudhya (Krungsri), and soon expanding to Krungthai Bank PCL and Bangkok Bank. By early 2022, GrabPay Wallet users will also be able to transact at the many shops and businesses that are part of 2C2P’s extensive merchant network, including leading e-commerce giants, popular fashion and retail players and major hospitality players.
“The adoption of digital payment solutions has accelerated amongst consumers and merchants amidst the pandemic, and is poised to become a new engine of growth for Thailand’s economy. Amidst this phenomenon, we are excited to partner Grab Financial Group to make payments more convenient and safer for their users, and contribute to the Thailand 4.0 vision of a more inclusive and seamless payments ecosystem. Through 2C2P’s unparalleled and extensive merchant network across Thailand, GrabPay wallet users will be able to enjoy a seamless and contactless payments experience at the everyday brands that they love,” said Piyachart Pattanapasarnporn, Chief Executive Officer of 2C2P Thailand.
“E-payments have become a popular choice for many Thais when making financial transactions. This trend was accelerated by the COVID-19 pandemic, and looks set to continue, after more consumers experience the ease and convenience of going cashless. According to the survey conducted by the Kasikorn Research Center, Thai consumers transfer money and pay for goods and services via mobile banking and e-Wallets 19 times per week - an increase in usage from 17 times per week during the first wave of the outbreak. Grab Financial Group aims for GrabPay to be an e-wallet that can enable users to pay for the widest range of everyday needs in a secure and convenient manner. Our partnership with 2C2P enables greater convenience for GrabPay users when topping up their wallets via a larger number of top banks. We will continue cultivating strong partnerships with leading payment platforms and banks to expand our GrabPay wallet services and better serve our users,” said Mr. Worachat Luxkanalode, Thailand Country Head of Grab Financial Group.