2C2P secures Licence from MAS to expand in Singapore

By Vriti Gothi

2C2P Pte Ltd, a Southeast Asian full-suite payments platform, has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. This underscores 2C2P’s commitment to advancing secure, scalable and future-ready payment solutions across Singapore and the wider region.

The MPI licence authorises 2C2P to deliver domestic money transfer, cross-border money transfer and merchant acquisition services to businesses operating in Singapore. With this, the company is positioned to expand its reach and deliver more comprehensive payment offerings in a market that is rapidly embracing digital transformation.

“This marks a significant milestone for 2C2P and we look forward to expanding our services and advancing access to meet the ever-changing needs of our local merchants in Singapore and across Southeast Asia,” said Agnes Chua, Country Manager of 2C2P Singapore.

Founded in 2003, 2C2P has long been recognised as one of the early pioneers in Southeast Asia’s payments sector. Since 2022, it has been part of Ant International’s Antom, a global merchant payment and digitalisation services provider. This collaboration integrates Antom’s world-class technologies with 2C2P’s deep local expertise, creating a powerful foundation to deliver seamless, customer-centric financial services.

“We are excited to build upon our existing payment offerings to provide a more comprehensive payments coverage for our merchants in Singapore and across Southeast Asia, through partnering with Antom as well as local and regional financial institutions. By leveraging the combined local expertise and world-class technologies of Antom and 2C2P, we aim to empower businesses of all sizes and provide a trusted and seamless payment experience for customers anywhere and anytime,” Chua added.

Beyond its licensing achievement, 2C2P continues to shape the regional dialogue on payments innovation. In March 2025, the company published its annual whitepaper on the Southeast Asian digital payments landscape, reinforcing its role as a thought leader committed to driving financial inclusion and building resilient, future-ready ecosystems for merchants and consumers alike.