back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

2C2P and UnionPay to launch online payments authentication technology in SEA

By Leandra Monteiro

October 28, 2021

  • 2C2P
  • 3DS
  • Cross Border Payments
Share

UnionPay, 2C2P 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.

Previous Article

October 28, 2021

MDI partners with Mastercard to provide Egyptians with a secure banking experience

Read More
Next Article

October 28, 2021

MPOWER Financing raises loan limit for international students to $100,000

Read More










IBSi Daily News Analysis

The Weekly Wrap

October 07, 2022

2C2P

The Weekly Wrap: all you need to know by Friday COB | Oct 7th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

7 FinTech tweets you should see!

Read More

Today

BKN301 Tech launches 301pay

Read More

Today

Kotak Mahindra Bank partners with Finastra for Kotak FYN

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022