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2C2P founder Aung Kyaw Moe to step down in April

Aung Kyaw Moe, founder and CEO of payment platform 2C2P, will step down in April 2025 after 22 years in leadership.

He will research the growth gap within Southeast Asia’s startup ecosystem and write a memoir.

Alongside him, Piyachart Ratanaprasartporn, CEO of 2C2P Thailand, will also resign, marking a major leadership shift for the company.

Piyachart said on his LinkedIn that his successor would be “announced soon,” as he planned to retire.

In 2022, 2C2P became a subsidiary of Ant International, solidifying its growth under Aung’s leadership.

Recent 2C2P developments

Timeline
21-Sep-2023 💳 2C2P records $15m loss in 2022 as it invests in employees
  • 2C2P reports $15.9M loss despite revenue growth
  • Employee benefits expenses doubled, affecting profits
17-May-2023 💸 2C2P expands its remittance service to Cambodia
  • 2C2P partners with AMK to expand remittance to Cambodia
  • Service aids 1.3M Cambodian workers sending money from Thailand
01-Dec-2022 💳 2C2P, Pine Labs announce BNPL partnership
  • Pine Labs expands BNPL to Southeast Asia markets.
  • BNPL spending projected to reach $9.8 billion by 2026.
24-Mar-2022 💳 2C2P, ShopeePay team up to boost digital payments in SEA
  • 2C2P partners with ShopeePay for payments
  • Offers cash-free options in 5 Southeast Asian markets
04-Dec-2020 🌏 2C2P launches hiring, brand refresh initiative as it gears up for global expansion

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