Home Insider Interview “Our Biggest Competitor in Myanmar is Cash”

“Our Biggest Competitor in Myanmar is Cash”

Interview with Pyay Nyein
Country Head of 2C2P Myanmar

Please explain our readers about 2C2P.

2C2P is a leading payment service provider in Southeast Asia (SEA), founded in 2003 by Aung Kyaw Moe.  In 2003, it was started as an ISV (Independent Software Vendor) and provided a payment authentication solution, 3D Secure Systems to banking sector in Thailand. In 2004, he started another company called PaySbuy (Pronounce as Pay Sabai, means, Pay Conveniently) as a Payment Gateway for SMEs. It received the first eMoney license issued by Central Bank of Thailand. The company was eventually sold to DTAC (Telenor’s sister company and second largest mobile operator in Thailand) in 2007.  Currently 2C2P offers a number of comprehensive and cutting-edge Omni-channels payment services, allowing merchants to accept local and international payments through credit card, debit card, ibanking, mBanking, Wallets and cash acceptance via payment counter.  2C2P is now headquartered in Singapore and have 14 different subsidiaries including Myanmar.