SafeCharge, a global provider of payments services and risk management solutions, has entered into a partnership with South-East Asia-focused payment services company 2C2P, according to a SafeCharge statement.
The new partnership between the two entities is aimed at augmenting SafeCharge’s technology product offering to 2C2P’s merchants, relegated mostly to South-East Asia. Furthermore, SafeCharge has also undergone a minority investment in 2C2P.
In particular, Singapore-headquartered 2C2P has a strong list of customers and processed $2.2 billion in payments in 2014. The company boasts offices in Indonesia, Malaysia, Cambodia, Laos, Myanmar, Philippines, Thailand, and Hong Kong.
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According to David Avgi, Chief Executive Officer, in a recent statement on the cooperation, “The smart omni-channel technologies of 2C2P, their focus on mobile payments, local integration across multiple payment types and the company’s management are some of the reasons for deciding to develop this partnership with 2C2P.
“Asia Pacific continues to be a key focus area for SafeCharge and is a central part of management’s long term strategic vision. We expect to see significant growth for SafeCharge coming from the fast growing e-commerce markets in the Asian region,” he added.
“Europe has traditionally served as a leading fintech and payments hub. With their global insights and knowledge around key financial verticals, including payments, e-commerce and capital markets, SafeCharge brings valuable insights to 2C2P, helping us apply these to an Asian context,” noted Aung Kyaw Moe, Group CEO of 2C2P in an accompanying statement.
Back in April, SafeCharge made headlines with the elevation of former Chief Executive of SafeCharge Card Services and Executive Vice-President, Ali Khwaja to the role of Chief Financial Officer.