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 cost 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 cost trade.
In 2022, the corporate turned part of Ant Worldwide’s Antom, a supplier of service provider cost and digitisation providers.
2C2P Singapore nation supervisor Agnes Chua mentioned: “We’re excited to construct upon our current cost choices to offer a extra complete funds protection for our retailers in Singapore and throughout Southeast Asia, by 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 purpose to empower companies of all sizes and supply a trusted and seamless cost expertise for patrons anyplace and anytime.”
Final month, ShopBack, an organization specialising in procuring rewards and funds, obtained the MPL licence in Singapore.
The licence permits ShopBack to combine cost providers inside Singapore’s regulatory surroundings by its product, ShopBack Pay.
Consequently, ShopBack can straight facilitate cost transactions, enabling retailers to just accept and prospects to make funds utilizing ShopBack Pay.
“2C2P secures main cost establishment licence in Singapore ” was initially created and printed by Electronic Payments International, a GlobalData owned model.
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