Global payments platform 2C2P and mobile wallet ShopeePay announced a new partnership to increase access to digital payments for consumers and merchants by enabling ShopeePay as a payment option to 2C2P’s extensive merchant network across five markets in Southeast Asia, that includes the Philippines. The move will enhance connectivity to the digital economy, a key driver of regional economic development.
With ShopeePay as a payment option for 2C2P’s regional merchant network, businesses, and retailers across Indonesia, Malaysia, Philippines, Singapore, and Thailand can accept cash-free payments seamlessly, manage and track their finances with ease, and attract more offline traffic to expand their customer base. Consequently, ShopeePay users can securely pay and earn Shopee coins to gain rewards at an increased number of participating merchants.
According to an IDC Infobrief commissioned by 2C2P, mobile wallets adoption will grow at an average rate of 35.3% from 2020 to 2025. Mobile wallets are changing the way people spend, lend and borrow money, invest, and handle payments globally. Due to their versatile nature, mobile wallets could be the fintech solution to most significantly impact businesses and consumers. By providing a convenient, secure, and rewarding customer experience for shoppers, ShopeePay is accelerating the adoption of e-wallets and helping businesses capture new opportunities.
“ShopeePay is looking forward to working closely with 2C2P to enable their merchant network to capture more sales in a secure and seamless manner and give consumers a more convenient and rewarding cashless payment experience. ShopeePay is committed to improving access to digital payments and to better the lives of individuals and businesses through technology,” said Ruoshan Tao, Head of ShopeePay Online, Philippines.