2C2P & MineSec Launch Versatile Card & QR Payment App on Android in Singapore

Singapore, 26 June 2024 – 2C2P, a leading global payments platform, partners MineSec, a softPOS solution provider, to launch a versatile cloud-based Point of Sale (POS) payment app that enables Singapore businesses to accept contactless payments on Android devices. The first to integrate Tap-to-Pay and QR payments in Singapore, this innovative application empowers businesses of all sizes to effortlessly accept popular digital payment methods, including cards, mobile wallets and real-time payments in-store on their own Android devices.

Digital wallets and QR payments have gained significant traction in Singapore. In 2022, the mobile wallet user base reached 1.8 million and is expected to grow to 3.2 million by 2025.

2C2P and MineSec’s partnership transforms any compatible Near Field Communication (NFC)-enabled Android device into a secure contactless payment terminal that can enable Tap-to-Pay card payment as well as QR payment functionality. Enterprise and small-and-medium-sized merchants will now be able to accept a wide range of card and QR payments conveniently and efficiently in person, eliminating the need for traditional point-of-sale (POS) systems.

The payment channels supported include major card schemes (Visa, Mastercard) and QR payments (PayNow, GrabPay, Alipay, WeChat Pay). Merchants will also be able to view the consolidated payments easily on the mobile application.

“At 2C2P, our commitment to continuous innovation ensures we remain at the forefront of the digital payment ecosystem,” says Agnes Chua, Managing Director of 2C2P. “As a dominant force in e-commerce payment solutions, we are strategically expanding our offerings to cater to the growing demand for seamless in-store payment experiences. This move reinforces our dedication to provide comprehensive payment coverage, equipping 2C2P’s merchants with a cost-effective and versatile solution for contactless payments.”

“We are very excited to be selected by 2C2P as their trusted partner for their SoftPOS implementation in Singapore,” says Angus Chiu, Chief Executive Officer of MineSec. “This partnership demonstrates the immense potential of SoftPOS technology to revolutionize the way payments are made in Singapore and beyond.”

While the initial rollout focuses on Singapore, the collaboration paves the way for future expansion into other markets across Asia.