News Update

2C2P signs up over 100 Thai merchants in 4 days

BANGKOK, THAILAND (April 28, 2013) - 2C2P, a leading provider of innovative payment solutions, announces results of participation at Thailand Online Expo. During the event, the company signed over 100 new contracts with middle to large size merchants from Thailand.

2C2P was the Gold Sponsor of Thailand Online Expo and came to the event with a spin: instead of keeping all the booth space to itself, 2C2P offered space to its merchants, such as Groupon Thailand (mygroupon.co.th), WearYouWant (wearyouwant.com), and Hippo (hippo.co.th). The strategy to promote strong links with merchants worked well and 2C2P managed to beat the target number of new contracts by 30%.

Aung Kyaw Moe, Founder and Group CEO of 2C2P said: “This is the first time that a company, which started as small payments provider from Thailand, was not only represented on a par level with Thailand’ largest players, such as Kasikorn Bank of Thailand or Big C Thailand, but managed to attract most of attention of online retailers in Thailand. We also demonstrated close ties and continuous support to our merchants, some of which stood side by side with us at Expo for the duration of 4 days”.

2C2P’s 123 alternative payment solution (123.co.th) was the most popular in terms of new customers’ sign-ups. 123, which is now available in Thailand and Indonesia, caters to online merchants who want to accept payments from so-called unbanked population, i.e., population without credit cards, who are now given the option to pay off-line, in cash, for online purchases.

To those online businesses, who signed new agreements at 2C2P’s expo booth, the company offered an exclusive discounted MDR (Merchant Discount Rate), which also attracted a lot of interest. Among the new merchants who joined the numbers of 2C2P happy customers are Tohome.com, Vanitytrove.com, World camera, E.Q. Plus, BNH Hospital, Oriental Princess and many others.