As the first payment service provider in Southeast Asia to roll out UnionPay’s authentication technology, 2C2P will launch UnionPay 3DS in October first in Thailand and subsequently in Cambodia, Hong Kong, Indonesia, Malaysia, Myanmar, Philippines and Singapore.
UnionPay’s payment authentication solution is compliant with EMV 3-D Secure, the latest security protocol designed to minimise payment fraud and make online debit and credit card transactions frictionless.
Mr. Piyachart Ratanaprasartporn, Chief Executive Officer of 2C2P (Thailand) Co., Ltd., said, “We are committed to developing a full range of online payment services, and this partnership with UnionPay International demonstrates that commitment. It also provides our merchants access to a wider range of customers and empowers the customers to spend easily and securely across 2C2P’s extensive online payment network, which includes airlines, hotels, department stores and supermarkets.
Mr. Huiming Cai, General Manager of UnionPay International Southeast Asia, said, “UnionPay is a global payment brand that provides quick, convenient and secure payment solutions to the world’s largest cardholder base. As consumers in Thailand continue to practice safe distancing by shopping online during the pandemic, our partnership with 2C2P will enhance the online payment experience for UnionPay Cardholders, making their payment journey seamless across the wide merchant network of 2C2P.”
From now till December 31, 2021, the first 5,000 UnionPay Cardholders with UnionPay Cards issued in Thailand will receive Big C / Lotus voucher code valued at 200 baht with a minimum spend of 1,000 baht online at 2C2P merchants. Please refer to Appendix A for the list of 2C2P online merchants. UnionPay Cards are issued by AEON Thana Sinsap, Bangkok Bank, Bank of China, ICBC, Kasikorn Bank, Kiatnakin Bank, Krungthai Bank, Krungthai Card Company and LH Bank.
Mr. Piyachart noted that more Thais are spending through online channels as a result of the pandemic. Based on the Future Shopper 2021 survey of 28,000 respondents in 17 markets, 94% of Thai consumers – the highest share in the survey – said online shopping had come to their rescue last year.
"This partnership with UnionPay International is another step forward for 2C2P to affirm our leadership as a global payment platform as it provides 2C2P customers convenient, fast and secure payments services at their fingertips, whether it's shopping at top-notch stores, money transfers or paying water-electricity bills and more," Mr. Piyachart added.