Expansion permit obtained by 2C2P from MAS in Singapore

2C2P Pte Ltd, a leading full-suite payments platform in Southeast Asia, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. This license marks a significant milestone for the company and underscores their commitment to advancing secure, scalable, and future-ready payment solutions across Singapore and the wider region.

Founded in 2003, 2C2P has been recognized as one of the early pioneers in Southeast Asia's payments sector. The MPI license authorizes 2C2P to deliver domestic money transfer, cross-border money transfer, and merchant acquisition services to businesses operating in Singapore. This expansion of services is poised to position 2C2P to partner with local and regional financial institutions to provide more comprehensive payment coverage for their merchants in Singapore and Southeast Asia.

Agnes Chua, the Managing Director of Business and Product Development at 2C2P and the Singapore country manager, stated that this license marks a significant milestone for 2C2P. She added that the company aims to empower businesses of all sizes and provide a trusted and seamless payment experience for customers anywhere and anytime.

The whitepaper published by 2C2P in March 2025 reinforces the company's commitment to shaping the regional dialogue on payments innovation. The document focuses on the Southeast Asian digital payments landscape and emphasizes the importance of digital payments in the region. It also reinforces 2C2P's role as a thought leader in the industry.

Since 2022, 2C2P has been part of Ant International's Antom, a global merchant payment and digitalisation services provider. The collaboration between 2C2P and Antom integrates Antom's world-class technologies with 2C2P's deep local expertise, creating a powerful foundation to deliver seamless, customer-centric financial services.

2C2P is committed to driving financial inclusion and building resilient, future-ready ecosystems for merchants and consumers. The whitepaper aims to build such ecosystems, and the company's MPI license underscores this commitment. Chua added that they aim to empower businesses of all sizes and provide a trusted and seamless payment experience for customers anywhere and anytime.

With this MPI license, 2C2P is positioned to expand its reach and deliver more comprehensive payment offerings in a market that is rapidly embracing digital transformation. The company continues to shape the regional dialogue on payments innovation, contributing to a more inclusive and resilient digital payments landscape in Southeast Asia.