Singapore-based payment solutions provider 2C2P today announced that it has launched a mobile point-of-sale (POS) solution in Myanmar, while partnering Inya Lake Hotel and The Strand Hotel in the Southeast Asian country.
Known as iACCEPT, the mPOS solution essentially turns an iOS or Android smartphone into a way for its hotelier partners to accept payments through MasterCard and Visa inside the guest’s room.
U Myint Win, Managing Director, Myanmar Citizens Bank, explained that smartphones are instantly transformed by attaching a small card reader with the ability to read magnetic stripe cards and EMV chip cards. He added, “It also enables merchants to use the POS right in front of the customer, instead of taking the card away from them. This will bring customer service to next level by providing a luxurious convenience.”
iACCEPT runs on 2C2P’s PCIDSS Level 1 payment platform, which is said to be highest security standard recognition set by the payment industry.
Having processed over US$500 million worth of online payments in the last year, Founder and Group CEO, 2C2P, Aung Kyaw Moe said, “As a Myanmar citizen, I am very happy to be back home and doing what we know best — payment solutions. We will do our very best to serve the market with more innovative services in the near future.”
What are your thoughts on merchants adopting mobile POS, instead of adhering to the traditional systems abound? Tell us what you think!
2C2P is well positioned to provide payment solutions tailored for the local needs of Asian and international businesses operating in Southeast Asia.
7M Series C Investors:
GMO Venture PartnersAmun CapitalDMP