Thailand’s leading FinTech company, T2P Co., Ltd. (the provider of DeepPocket eWallet), signed an MoU to form a joint venture with Myanmar’s largest retail chain, City Mart Holding Co., Ltd., to expand T2P’s innovative Electronic Wallet platform to Myanmar. The JV will create a collaboration between T2P’s financial technologies and City Mart’s large customer base to provide e-money services, payment gateway services and related technologies to consumers in Myanmar. The JV aims to capture the fast-growing retail market and, later, will serve the large unbanked consumer market in Myanmar.
T2P’s expansion into Myanmar marks another key progress for T2P’s B2B and B2C positioning after its success in providing FinTech services for retail market in Thailand, serving leading corporations such as Central Group, S&P, and BarBQ Plaza, etc. T2P has also issued the first prepaid MasterCard eWallet for Samsung in Thailand. City Mart Holding Co., Ltd. is Myanmar’s largest retail chain with businesses covering many different aspects of modern retail trade such as supermarkets, pharmacies, bookstores, baby stores, convenience stores, shopping malls, and bakery & coffee shops.
T2P Co., Ltd. was established in Thailand in 2012 with a goal to create innovative technologies in financial service (FinTech) to embrace and serve digital economy on social network platform.
Today, T2P is a leading service provider of loyalty, cash card, and eWallet solutions. T2P provides ewallet service to more than 1,000,000 user accounts and more than 1,500 food retail outlets. Since 2015 the company has been granted an e-Money license from the Bank of Thailand to provide e-Money service directly to consumer. T2P started providing a mobile wallet application called DeepPocket which aims to make life simpler for those regularly using financial transactions electronically. With its innovative social concept, DeepPocket comes with features unlike any other e-wallets currently available in the market, making sharing a part of this experience. The company also joins with MasterCard to issue reloadable prepaid MasterCard both virtually and physically as a chosen alternative to credit cards for non-credit card users. In 2016 T2P won MasterCard Payment Awards in the USA for its innovation in payment technology.
About City Mart Holding
City Mart Holding Co., Ltd. (CMHL) is Myanmar’s largest retail chain, currently employing more than 8,000 employees. The City Mart Group started as a modern supermarket in 1996 in the north wing of Bogyoke Aung San Stadium but has since expanded into many different aspects of modern retail trade such as supermarkets, pharmacies, bookstores, baby stores, convenience stores and bakery & coffee shops. Daw Win Win Tint is the Founder and Managing Director of City Mart Holding Co., Ltd. and currently serves as President of the Myanmar Retailers Association. She received world recognition as a Young Global Leader in 2012 by the World Economic Forum. In 2014 she was awarded the ASEAN Business Award in the Women Leadership Category. In 2015 Daw Win Win Tint was ranked by Forbes as one of the 50th most powerful business women in Asia.