Deutsche Bank (XETRA: DBKGn.DB /NYSE: DB) announced on Thursday it has joined forces with Southeast Asia’s 2C2P to launch a digital payments platform in Thailand. The banking group reported that through 2C2P’s platform, corporate clients in Thailand will be able to maximize their business potential by collecting funds more efficiently and conveniently through an extensive range of online banking and non-banking channels, including internet and mobile banking, ATM and branches, as well as mobile payment options such as True Money, LINE Pay, Alipay, WeChat Pay, and PromptPay.
“Once the preferred payment channel is selected, payment orders will be securely processed through 2C2P’s system with real-time data available for corporate clients to monitor and perform post-sales activities. Upon completion of this process, the funds will be directly auto-credited to a Deutsche Bank account. Deutsche Bank’s corporate clients will also benefit from 2C2P’s other services such as card and wallet issuing as well as digital bills aggregation.”
Chintan Shah, APAC Head of Corporate Cash Management at Deutsche Bank, shared more details about the new platform by stating:
“This platform addresses emerging client needs in the rapidly changing payment landscape in Thailand and we are confident that by making this new collection tool available to our clients, they will see the direct benefits, notably by being able to boost their business performance through a direct sales model. ASEAN is a key market for us and we are committed to continuing to bring more innovative solutions to our clients in this fast-growing part of the world.”
Deutsche Bank then added 2C2P is a secure and certified payments platform that offers comprehensive payment services in Southeast Asia, ranging from acquiring solutions to issuing solutions. its network reaches more than 400,000 touchpoints across Asia, regional coverage in 10 markets as well as partnerships with over 30 financial institutions worldwide