Asian Tech Press (Apr. 19) -- Ant Group, Chinese e-commerce giant Alibaba's financial affiliate, will become payments platform 2C2P's majority shareholder.

Singapored-based 2C2P on Monday announced a partnership with China's Ant Group, aiming to accelerate digital payment adoption and innovation.

The deal, upon completion, will see Ant Group becoming the majority shareholder of 2C2P.

Merchants across Southeast Asia and globally will benefit from the combination of Alipay+ and 2C2P's comprehensive payment offering, 2C2P said.

"Through this complementary partnership with Ant Group, 2C2P will be connected to a much larger merchant base and be well-positioned to advance our international expansion strategy," said Aung Kyaw Moe, founder and CEO of 2C2P.