Plastic chips away at cash’s dominance in Myanmar

YANGON — Credit cards are gaining traction in Myanmar, where cash has long been king, with foreign players such as China UnionPay and Japan’s JCB lured by rising consumer incomes and an increasingly robust financial infrastructure. JCB, in conjunction with Myanmar Payment Union and Ayeyarwady Bank, also known as Aya Bank, debuted a credit card Tuesday […]

Southeast Asian Payments Provider 2C2P Raises $7 Million From Amun Capital and Japan’s GMO Venture

2C2P, a leading Southeast Asian payment services provider, has landed $7 million in Series C funding from Hong Kong’s Amun Capital and Japan’s GMO Venture Partners. That brings total funding for the 12-year-old company to $10 million. 2C2P will use the funds to make senior hires and to expand its “cards, cash and cash equivalent […]