provides card processing, cash equivalent collection and card issuing services for financial institutions, e-commerce businesses and consumers has signed strategic partnerships in South and Central Asia with an aim to bring e-commerce capabilities to merchants of the region. According to the deal, Singapore-based 2C2P will process online and offline payment transactions for Nepal-based Himalayan Bank Limited (HBL), Nepal Airlines, the national flag carrier of the Federal Democratic Republic of Nepal, and Air Astana, the principal airline and flag carrier of the Republic of Kazakhstan. HBL, which claims to have 42 branches across the country will get the support of 2C2P’s payments technology for debit and credit card holders so that they can transact internationally as well as domestically with merchants who accept Visa, MasterCard, JCB, Unionpay International and Diners Club International. Also, Nepal Airlines and Air Astana customers will be able to purchase their flight tickets online, scrapping the previously used manual, cash-based process. Aung Kyaw Moe, founder and Group CEO of 2C2P said, “South and Central Asia’s technology and financial landscape is fast-evolving. These young financial markets present huge opportunities to businesses to tap into e-commerce, opening new revenue streams among new and existing customers. We’re pleased to be working with some of the leading retailers in these regions to take advantage of key economic and demographic trends around e-commerce adoption, rising urbanization and consumer affluence, and the boom in South and Central Asia’s travel and tourism sector. 2C2P claims to offer a wide range of solutions that ranges from payment processing, alternative payment solutions, one time card and enterprise solutions. It provides traditional online payment gateway solution that allows online merchants to process credit card payments from within a web-site or an application. The company says that its payment gateway is used by many of the fastest growing Asian businesses. Ashoke Rana, CEO of Himalayan Bank, stated, “Our mission as a bank is to enable and empower the financial needs of all our customers. As more of Nepal and South Asia comes online, these needs are changing. We’re immensely pleased to be working with 2C2P, bringing the benefits of e-commerce at an early stage of adoption to the country.”
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