China's Ant Group acquires SE Asian digital payments firm 2C2P

Photo: Alipay+.

Chinese tech giant Ant Group has acquired a majority stake in Singapore- and Thailand-headquartered digital payments firm 2C2P for an undisclosed sum. 

Ant Group said in a statement the acquisition will connect 2C2P’s merchants to Alipay+, which will give them access to more e-wallets and local payment methods. It declined to disclose the deal size. 

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter