Singapore-based payment services firm 2C2P and Diners Club International, a subsidiary of Discover Financial Services and part of the Discover Global Network, have inked an online payment processing agreement.
As per terms of the contract, 2C2P will serve as the global acquirer for all cards running on the Discover Global Network.
The collaboration will extend acceptance of cards running on the Discover Global Network to Southeast Asian merchants.
Now, 2C2P’s merchant customers in Southeast Asia have the option of using Diners Club International, Discover and other Discover Global Network cards as an additional payment method.
2C2P will offer its merchants with single-source electronic payment services for acceptance of Discover Global Network, which includes Discover cards in the US, Diners Club International, as well as its affiliate cards such as BC Global Card from South Korea, Elo Card from Brazil and RuPay from India.
2C2P founder and group CEO Aung Kyaw Moe said: “With the rise in global online retail and tourism, this agreement opens up key international travel and entertainment markets such as Asia, Europe and the US to our Southeast Asian merchants.
“Cardholders from Discover Global Network can now enjoy payments access to the region’s travel, transport, tourism, retail and e-commerce brands.”