02/18/2021 | Press release | Distributed by Public on 02/18/2021 01:22
Deutsche Bank today announced the launch of a state-of-the-art payments platform for its clients in Thailand to facilitate local collections through Southeast Asia's leading payments platform provider, 2C2P.
Through 2C2P's platform, the bank's corporate clients in Thailand will be able to maximise 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. Deutsche Bank's corporate clients can also utilise 2C2P's diverse payment features such as instalment payments, recurring payments and multi-currency converters to suit the needs of their business models.
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.
2C2P is a secure and certified payments platform that offers comprehensive payment services in Southeast Asia, ranging from acquiring solutions to issuing solutions. With an impressive alternative payments network reach of more than 400,000 touchpoints across Asia, regional coverage in 10 markets as well as partnerships with over 30 financial institutions worldwide, the payment solution provider has successfully designed and developed solutions for e-commerce and m-commerce businesses with global ambitions and built customised solutions for financial institutions.
Chintan Shah, APAC Head of Corporate Cash Management at Deutsche Bank, said: '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.'
Piyachart Ratanaprasartporn, CEO of 2C2P Thailand, added: 'We are honoured to work with Deutsche Bank to empower their corporate clients to accept payments digitally, amidst the rising trend of digital payments adoption by consumers. We are confident that our payments expertise and tools will enable businesses to make smarter and quicker decisions as they transition to an online and mobile-first environment.'
For further information, please contact:
Karène Dufour. Deutsche Bank AG Media Relations
Phone: +852 2203 7846 | E-mail: [email protected]
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the
Americas and Asia Pacific.
2C2P is a full-suite payments platform helping businesses securely accept payments across online, mobile and offline channels, as well as providing issuing, payout, remittance and digital goods services. The company has dual headquarters in Singapore and Bangkok, and operates across Asia, Europe and the US. It is the preferred payments platform of tech giants, online marketplaces, retailers and other global enterprises. For more information, please visit: www.2c2p.com.
This press release has been approved and/or communicated by Deutsche Bank AG or by its subsidiaries and/or affiliates ('DB'). Deutsche Bank AG is authorized under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and by the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorization and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. Securities and investment banking activities in the United States are performed by Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, and its broker-dealer affiliates. Lending and other commercial banking activities in the United States are performed by Deutsche Bank AG, and its banking affiliates. Copyright (C) 2021 Deutsche Bank AG