2C2P, a payment gateway service provider founded in Thailand, has partnered with Cambodia’s AMK Microfinance Institution to expand its international remittance service “easy2send” between Thailand and Cambodia.

easy2send by 2C2P was launched in 2019, supporting real-time money transfers from Thailand to Myanmar, Singapore, Vietnam, Cambodia, and UnionPay cardholders in China and worldwide at a starting fee of 99 baht.

Through this new partnership, customers can transfer funds through easyWallet, 2C2P’s proprietary mobile wallet, to over 10,000 payment points in Thailand to AMK users in Cambodia.

Piyachart Ratanaprasatporn

Piyachart Ratanaprasatporn

Piyachart Ratanaprasatporn, Chief Executive Officer of 2C2P Thailand said,

“This collaboration between 2C2P and AMK expands the coverage of Cambodia’s money-receiving network. Cambodian migrant workers and import businesses in Thailand can now send money using digital payment methods such as e-wallets instantly.

They can also receive money via convenient channels set up by AMK’s 36 partner banks and financial institutions,”

Kea Borann

Kea Borann

Kea Borann, Chief Executive Officer of AMK Microfinance Institution said,

“The money that 1.3 million Cambodian migrant workers send home amounts to around 2.6 billion US dollars or more than 9.15 billion baht. Most of this comes from workers in Thailand. Most Cambodians prefer to transfer money with unregistered brokers.

Through this partnership with 2C2P, AMK is pleased to provide another legitimate method for Cambodians to transfer money home, allowing them to make transactions easily, conveniently, and with reasonable fees – all without the need for a broker.”

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Source: https://fintechnews.sg/72798/cambodia/2c2p-amk-to-expand-remittance-coverage-between-thailand-and-cambodia/