2C2P and UnionPay to launch online payments authentication technology in SEA
By Leandra Monteiro
2C2P, a global payments platform, announced a partnership with UnionPay International to offer the UnionPay 3-D Secure (3DS) payment authentication solution to 2C2P’s network of merchants in Southeast Asia and Hong Kong, providing consumers with an easier and safer option for making online shopping payments.
As the first payment service provider in Southeast Asia to roll out UnionPay’s authentication technology, 2C2P will launch UnionPay 3DS in October first in Thailand and subsequently in Cambodia, Hong Kong, Indonesia, Malaysia, Myanmar, Philippines and Singapore.
UnionPay’s payment authentication solution is compliant with EMV 3-D Secure, the latest security protocol designed to minimize payment fraud and make online debit and credit card transactions frictionless.
Piyachart Ratanaprasartporn, Chief Executive Officer of 2C2P (Thailand) Co., Ltd. said, “We are committed to developing a full range of online payment services, and this partnership with UnionPay International demonstrates that commitment. It also provides our merchants access to a wider range of customers and empowers the customers to easily and securely spend in stores across 2C2P’s extensive online payment network, which includes airlines, hotels, department stores and supermarkets.
Huiming Cai, General Manager of UnionPay International Southeast Asia said, “UnionPay is a global payment brand that provides quick, convenient and secure payment solutions to the world’s largest cardholder base. As consumers in Thailand continue to practice safe distancing by shopping online during the pandemic, our partnership with 2C2P will enhance the online payment experience for UnionPay Cardholders, making their payment journey seamless across the wide merchant network of 2C2P.”
“This partnership with UnionPay International is another step forward for 2C2P to affirm our leadership as a global payment platform as it provides 2C2P customers convenient, fast and secure payments services at their fingertips, whether it’s shopping at top-notch stores, money transfers or paying water-electricity bills and more,” Piyachart Ratanaprasartporn added.
IBSi Prime News
November 26, 2021
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