Ant International has appointed fintech executive Worachat Luxkanalode as the new CEO of Southeast Asian payments company 2C2P, with his tenure set to begin in April 2025, pending regulatory approval.
He takes over from founder and current CEO Aung Kyaw Moe, who is stepping down after 22 years to pursue personal projects.
Worachat, currently the Managing Director of Grab Thailand, brings extensive experience in financial services and digital banking.
He previously held leadership roles at Grab Financial Group – Thailand and spent over 17 years in senior positions at Thai and international banks.
Under his leadership, 2C2P aims to expand beyond its core payment gateway services for enterprises to offer full-stack digital and financial solutions for businesses of all sizes, particularly SMEs in Southeast Asia.
“As we continue strengthening our position in Southeast Asia’s payments landscape, my focus will be on driving a strategic transition to better serve regional SMEs alongside our enterprise customers by standing on the strong foundation built by 2C2P’s current leadership, especially by its visionary founder Aung.
2C2P will integrate with Antom more deeply, becoming an integral part of the innovative full-stack services Antom offers to all of its global merchants. Together, we will deliver more tailored and efficient payment, digitisation and financial services that empower businesses of all sizes in this region to thrive in the digital economy.”
said Worachat.
2C2P was founded in Bangkok in 2003 and became a key player in the regional payments industry, serving sectors such as e-commerce, travel, and online retail.
In 2022, Ant International, formerly Ant Group’s International Business Group, made a strategic investment in the company.
Since then, the two firms have integrated their products and teams, driving innovations such as the Antom Business Account for cross-border payments and 2C2P’s integration with Ant International’s Platform Tech.
Alongside Aung, 2C2P Thailand CEO Piyachart Ratanaprasartporn will also retire in April.
They will both remain on the company’s board until 30 June.
Aung, in a LinkedIn post, shared plans to focus on research and writing, including a memoir about his entrepreneurial journey.
Gary Liu, General Manager of Antom, said,
“Antom and 2C2P have built on our joint innovation and ecosystem reach to serve leading global and local merchants, driving their transformation and growth in Southeast Asia.
Amidst the region’s evolving digital transformation and payments landscape, Antom and 2C2P will remain at the forefront of this evolution as one unified team. Our shared mission is to empower merchants of all sizes with cutting-edge solutions and world-class services, continuously fueling their growth so that they can thrive in a digital era.”
Featured image credit: Edited from Freepik
