Asia-focussed payments firm 2C2P teams up with Myanma Awaba for new service

Singapore-based payment service 2C2P and Myanma Awaba, a local agri-based product supplier, have come together to launch an over-the-counter cash acceptance service, 1-Stop, in Myanmar.

Implementation of 1-Stop, which started about six months ago, officially launched this month. With the network of Myanmar Awba, that mainly supplies fertilizers, seedlings and agrochemical products, 1-Stop business has reached about 30,000 partners.

Some of the partners include convenient stores like G&G, Capital Super Market and phone shops.

“The shops that we have partnered with will have the advantage of giving a full service, not only their existing products but also through 1-Stop,” said Lynn Htaik Aung, head of operations of 1-Stop.

1Stop has connected to about 30 products including top-ups for different mobile operators, payments for iTunes, Googleplay, Skype, air tickets, utility bill payments and even insurance for snake bite from Grand Guardian Insurance and loan repayment from Myaha Awba microfinance.

They are also in talks with mobile money partners to start remittance transactions in rural and urban areas.

Back in June 2015, 2C2P partnered with Myanmar Payment Union (MPU), the national payment network of Myanmar to launch easyBills, an electronic bill payment solutions in Myanmar.

The payment solution is available as an application and can pay money to the nearest partner or agent of 1-Stop or transfer to 1-Stop accounts through banks. The MPU can also be used via 1-Stop to make payments.

The other payment solutions players in the country include MyanPay and True Money. There are also mobile payment solutions like Easy Pay, Telenor’s Wave Money and Ooredoo’s partnership with CB bank, which are ready to launch following regulatory approvals.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.