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Tag: easyBills

  • Easy Pass users can now top up with MasterCard via “easyBills”

    Easy Pass users can now top up with MasterCard via “easyBills”

    2C2P, Expressway Authority of Thailand (EXAT) and MasterCard have partnered to launch a new top-up channel for Electronic Toll Collection System for Easy Pass users in Thailand. Easy Pass users can now top up their cards easily with their MasterCard via easyBills’ mobile application or its website (www.easyBills.in.th), without having to pre-register their cards with the respective issuing banks. They will enjoy benefits including points accumulation upon card usage, extended due dates for payments made through the credit card, convenient storage of their favorite billers for repeat usage and checking their historical transactions, as well as the ability to set bill alerts on their calendar.  A thousand gift cards worth 500 baht each will be given away to the top 1,000 MasterCard cardholders who accumulate the highest Easy Pass top-up value via easyBills from now till 28 February 2017.

    Mr. Piyachart Ratanaprasartporn, Chief Executive Officer of 2C2P (Thailand) Co., Ltd., said:  “easyBills is an innovative payment service catered to digital users who are familiar with the online platform. The collaboration marks the first time that Easy Pass users can easily and conveniently top up their cards without cash, using their MasterCard without pre-registering with their banks, simply by downloading and using the easyBills mobile application on either iOS or Android, or by visiting easyBills’ website.”

    “easyBills helps consumers pay their bills easily, bringing convenience to everyone. It is equipped with special features that enable users to store their favorite billers for future usage, store their credit card details securely for future payments with 2C2P’s PCIDSS Level 1 certification and set biller alerts on their calendar to remind them of the payment due. Users will receive their payment confirmation via their emails,” Mr. Piyachart added. 

    Mr. Antonio Corro, Country Manager for Thailand & Myanmar, MasterCard, said, “MasterCard is very pleased to join our partners to increase convenience to our customers. They can now top up their Easy Pass card through the easyBills mobile application and website, with their MasterCard that is issued by all the banks in Thailand. They can be assured that all the online transactions are secure, while enjoying the privileges from using MasterCard. We believe this service will pave the way for Thailand to become a cashless society soon.”

    Mr.Narong Gieddech, Governor of Expressway Authority of Thailand (EXAT) said: “Since 2010 we have provided our service for the Electronic Toll Collection (ETC) system;  there are 1.3 million Easy Pass card users. We are excited to join hands with MasterCard and 2C2P who developed easyBills. easyBills’ application and website will be the 12th top-up channel for Easy Pass. This service will be bolstered by Thailand’s National e-Payment system, which the government is set to launch to transform Thailand into a cashless society.”

    easyBills “Pay Bill Easily…Get More Easier”, is developed by 2C2P in collaboration with MasterCard. Through this service, cardholders can pay utility bills, such as electricity, water supply, telephone, mobile phone top-up and e-wallet, as well as for insurance premium, online products, games, books and several other bills all in one app, anywhere anytime. Most importantly, security meets the international standard of 3D Secure.

    There will be a giveaway of a thousand Tesco Lotus gift cards worth 500 baht each. The prizes will be awarded to the top 1,000 MasterCard cardholders who accumulate the highest top-up value on their Easy Pass via easyBills from now until February 28, 2017.

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  • 2C2P helps Myanmar revolution

    2C2P helps Myanmar revolution

    Southeast Asia payments company 2C2P of Singapore, with its Burmese founder and CEO Aung Kyaw Moe, has taken a step to modernise Myanmar’s economy with the country’s first co-branded debit card so its citizens can shop with international merchants.

    The new UnionPay and Myanmar Payments Union (MPU) co-branded debit card is being introduced along with the launch of 1-Stop, a cash acceptance network of sellers and buyers, bringing digital commerce to Myanmar, especially helpful for its rural communities. Also a partner of the debit card is Myanmar’s Asia Green Development Bank (AGD Bank).

    Anyone in Myanmar can now set up a microbusiness to sell goods and services online. Domestic transactions are processed by MPU, while international transactions go through UnionPay International, which is recognised by more than 4000 merchants domestically and more than 26 million across 150 countries, as well as at 1.8 million ATMs internationally.

    MPU is Myanmar’s national payment network, authorising the issuance and acceptance of all payment cards within the country, of which there are more than 1.2 million. With UnionPay International, a subsidiary of China UnionPay, cardholders can shop with international merchants for the first time. UnionPay is the largest global payment card company with more than five billion cards issued.

    Myanmar is expected to quadruple the size of its economy from $45 billion in 2014 to $200 billion by 2030 (McKinsey), with a reboot of its cash-based economy seen as the key to growth. This will be driven by Myanmar’s young population (47 per cent of its 51.4 million citizens are 24 years old or younger). The World Bank pegs Myanmar’s annual growth rate as leading Asia at 8.3 per cent annually between 2014 and 2017.

    Myanmar’s millennials are also responsible for the country’s spike in outbound tourism. This sector grew from $29 million in 2002 to $257 million in 2012, a rise of 24 per cent, according to the World Trade Organisation.

    “2C2P is committed to support Myanmar’s financial institutions,” says CEO and founder Aung Kyaw Moe. “We do this by bridging the gap between local and international infrastructure.

    “We bring our robust platform, as well as our experience and knowledge in international payments, making it possible for Myanmar’s banking and financial institutions to innovate – offering new services that leapfrog legacy financial technologies.”

    AGD Bank customers can download an app to manage card transactions in real time with online support. A loyalty program offers discounts and privileges from more than 4000 merchants domestically, across food and beverage, retail, hospitality, and travel and tourism.

    “We are committed to innovate, offering Myanmar’s young, fast-growing and connected population the financial services that meet their evolving needs,” says AGD Bank chairman U Than Ye.

    Meanwhile, 1-Stop’s network has more than 3000 locations through 2C2P’s strategic partnerships with the country’s largest distribution network for the agriculture sector Myanmar AWBA Group, retail and convenience store chains Capital Hyper Mart and Grab & Go, mobile stores eCity, Lu Gyi Min andMr.Fone, as well as independent stores.

    It is aiming to contribute to modernising the economy through its online-to-offline commerce approach in a market with relatively high smartphone penetration but limited e-payment infrastructure.

    Myanmar is the fourth-fastest growing mobile market globally, according to Ericsson. In the third quarter of last year, it accounted for nearly 6 per cent of the world’s 87 million new mobile subscribers. Research firm Ovum estimates mobile subscriptions in Myanmar grew by 87.4 per cent in 2014 to 10.7 million. This is forecast to grow at a 21 per cent compounded annual growth rate to reach 38.5 million by the end of 2019 as networks expand to rural areas.

    Last year, 2C2P also launched easyBills, the country’s first online bill-payment system. Previously, along with Myanmar Citizens Bank, 2C2P launched the Citizen Card, a reloadable prepaid card accepted by MasterCard and merchants globally.

    2C2P has offices across Southeast Asia, including Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and The Philippines, as well as in Hong Kong.