Ant Group to acquire a majority stake in 2C2P.

Ant Group, an operator of a cloud-based financial platform, agreed to acquire a majority stake in 2C2P, a provider of online payment processing services. Financial terms were not disclosed. “Digital payment adoption has accelerated rapidly in recent years, spurred by the pandemic, with mobile wallet payments widely gaining momentum across Asia. Through this complementary partnership with Ant Group, 2C2P will be connected to a much larger merchant base and be well-positioned to advance our international expansion strategy. I am confident that 2C2P will be able to scale new heights, and build an unparalleled and robust range of payment solutions that will deliver maximum value and impact to our merchants and partners," Aung Kyaw Moe, 2C2P Founder and CEO.