New partnership to help SE Asian companies break into western markets
A new partnership between Europe-based SafeCharge International Group and Southeast Asia payments company 2C2P will help southeast Asian companies access the European and North American markets with a combined annual market of $985 billion, both sides believe.
The two companies have integrated each others’ capabilities into their product lines so SafeCharge merchants in the west can offer Southeast Asian payments and 2C2P merchants can reach western consumers.
Such unions make sense in a global marketplace, 2C2P’s CEO and founder explained.
“We are committed to expand our payment services, capitalizing on global e-commerce flows,” Mr. Aung Kyaw Moe said. “In SafeCharge, we have a formidable partner with proven global innovation and insights. We are empowering Southeast Asian retailers and merchants to connect to the world, providing more avenues for their customers to transact.”
2C2P will help SafeCharge enter key Asian markets, SafeCharge CEO David Avgi said.
“The addition of 2C2P’s Southeast Asian-regional payment solutions compliments the company’s current offering, enabling our customers to penetrate more global markets. We are driven to expand our payment suite worldwide, including in Asia, a priority geography for SafeCharge’s strategic long term vision. Through the partnership with 2C2P, we endeavor to capitalize on the region’s fast growth.”
SafeCharge provides payment services, technology and risk management solutions for online and mobile businesses. It is listed on the London Stock Exchange AIM Market and has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland.
2C2P processed more than $2.2 billion in transactions in the 2014 fiscal year. It has raised more than $10 million in funding, including a minority stake from SafeCharge.