2C2P teams up with Vietnam’s Joint Stock Commercial Bank and Cambodia’s eMoney Payment Solutions to expand cross-border money transfers from Thailand to Vietnam and Cambodia

BANGKOK, THAILAND, 23 September 2021 - 2C2P, a global payments platform, announced today new partnerships in Vietnam and Cambodia to expand its cross-border remittance service, easy2send, from Thailand. In Vietnam, 2C2P will team up with Sai Gon Joint Stock Commercial Bank (SCB), one of Vietnam’s top five joint stock commercial banks by assets, and in Cambodia, 2C2P will work with eMoney Payment Solutions, the nation’s leading mobile wallet provider.

In 2019, the Bank of Thailand licensed 2C2P to be an international money transfer operator and easy2send was launched in Myanmar (via Myanmar commercial bank CB Bank), Cambodia (via Cambodian wallet operator Wing Money) and Europe (via London-based mobile wallet operator KogoPay). In 2020, an easy2send corridor opened between Thailand and Singapore. With the latest partnerships, users will be able to access a convenient, affordable, secure and nearly instant money transfer service from Thailand to Vietnam as well as Cambodia via another operator.

Currently, there are 1.8 million Cambodians and more than 100,000 Vietnamese reported to be living and working in Thailand. In addition, trade between Thailand and its neighbours Cambodia and Vietnam continues to be brisk. In 2020, Cambodia exported US$1.148 billion in merchandise to Thailand. Meanwhile, Thailand imported US$486.8 million worth of goods from Vietnam in the first four months of 2021.

easy2send makes it simple for users to top up and send payments across borders. Users can securely top up their wallets at more than 10,000 payment points in Thailand (running on 2C2P’s 123 payment network) such as Lotus, Big C, Familymart and via the local leading banks Bangkok Bank, Krungsri Bank, Kasikorn Bank, Siam Commercial Bank and Government Savings Bank. Transactions also start at a low fee of 99 baht.

Mr. Piyachart Ratanaprasartporn, Chief Executive Officer of 2C2P Thailand, said, “This year, we aim to expand our customer base to both Vietnamese and Cambodians in Thailand, the business sector, import-export traders, families and students. We are honoured to have teamed up with Sai Gon Joint Stock Commercial Bank (SCB) and eMoney to provide a top-notch remittance experience for the many Vietnamese and Khmers living in Thailand or operating cross-border businesses. These partnerships are crucial to our overall objective of increasing payments efficiency and access across borders and ultimately benefiting the everyday lives of people, living and doing business across borders.”

Mr. Truong Khanh Hoang, Acting Chief Executive Officer of Sai Gon Joint Stock Commercial Bank (SCB)added, “2C2P is known as a global payments platform that is popular in providing major international money services in Southeast Asia. Therefore, we have confidence in partnering with easy2send, a money transfer service by 2C2P, to provide international money transfer services so that Vietnamese citizens who do business and live in Thailand can get convenient services with more online money transfer transaction options.”

Mr. Pham Doan Cuong, Chief Executive Office of eMoney said, “We are honored to be trusted by 2C2P to partner in receiving funds transfers from Thailand to Cambodia, which we strive to provide mainly for Cambodia workers, or businessmen and traders who have to transfer money across the country to Cambodia. It is convenient for many Cambodians who are in Thailand to receive easy, fast and safe service.”