News Update

2C2P Wins Red Herring Global 100 Award

Singapore-based payment solutions provider 2C2P was declared winner of the Red Herring Global 100 Award last Friday during this year’s ceremony held in Laguna Niguel, California. Regarded as one of the most prestigious awards in the technology industry, Red Herring has chosen 2C2P out of 1,200 companies from North America, Europe, and Asia to be among the coveted top 100 list.

The companies were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration.

“It’s an honor to stand in front of the shadows of giants like Google, Yahoo, Skype, YouTube and eBay who were all recognized by Red Herring Global 100 during their nascent years, ” says Aung Kyaw Moe, founder and CEO of 2C2P. “This award only affirms our leading position in the Asia-Pacific payment space. 2C2P is the first and only one in Asia-Pacific today that is in compliance with two of the highest data security standards in the industry: the PCIDSS and Visa3D Secure. We will continue to develop technologies that break new grounds in e-commerce and mobile payments. ”

In 2009, 2C2P took the emerging mobile payment space head-on with its Mobile Credit Card Terminal, a mobile application that allows merchants and consumers to process and manage credit and debit card transactions securely from multiple mobile devices without additional equipment. The application uses standard a Card Not Present (CNP) message format, therefore eliminating the need for a cardholder signature. In July 2009, the Mobile Credit Card Terminal was declared Grand Prize Winner of the 2009 Nokia ‘Calling All Innovators’ Award, granting 2C2P US$30,000 in prize money and premium placement in Nokia’s Ovi Store.

The 2C2P system has processed more than 2.7 million credit card payment transactions to date, and continues to process online payment transactions from 5,000 individuals every day.

About 2C2P
2C2P (short for Credit Card Payment Processor) is an e-commerce payment provider offering innovative payment processing solutions for businesses in Asia-Pacific. Launched as a spin-off of leading payment technology provider SinaptIQ, 2C2P has established itself as one of the leading e-commerce payment providers in Asia-Pacific. 2C2P is backed by Expara IDM Ventures under the i.JAM Microfunding Scheme, an initiative of the Government of Singapore.