Ant Group's acquisition valued Singapore payments firm 2C2P at over $590m

Ant Group's acquisition valued Singapore payments firm 2C2P at over $590m

2C2P founder and CEO Aung Kyaw Moe

Chinese financial services major Ant Group’s purchase of a majority stake in the Southeast Asian payments company 2C2P in April this year valued the latter at over $590 million, show DealStreetAsia’s calculations based on regulatory filings.