Singapore-headquartered payments platform 2C2P and Vietnam-based payment intermediary M-PAY have formalized a technical partnership to broaden digital payment acceptance for Sun PhuQuoc Airways, with expansion to other Asian markets planned in subsequent phases. The arrangement marks another step in 2C2P’s continued deepening of its airline payments footprint across Southeast Asia as Vietnam’s aviation sector accelerates its digital commerce infrastructure.
Key Facts At A Glance
- 2C2P has been engaged by M-PAY to provide technical payment services for Sun PhuQuoc Airways in Vietnam.
- The payment orchestration system will support cards, wallets, QR payments, and direct debit through a single integration.
- Expansion to other Asian markets is planned in subsequent phases following the Vietnam rollout.
- Sun PhuQuoc Airways, founded by Vietnamese conglomerate Sun Group, launched commercial operations in November 2025 and began international routes in March 2026.
- 2C2P is a Singapore-headquartered full-suite payments platform majority-owned by Ant Group following a 2022 strategic partnership.
- 2C2P serves over 25 regional airlines and is a trusted payment partner of the International Air Transport Association (IATA).
- 2C2P supports over 250 payment methods across online, mobile, and offline channels.
- Publicly available information on the financial terms of the M-PAY arrangement and M-PAY’s full corporate structure remains limited.
2C2P, a Singapore-headquartered full-suite payments platform, has been engaged by M-PAY to provide technical payment processing services for Sun PhuQuoc Airways, a Vietnam-based airline operated by Sun Group. The partnership was reported by Fintech News Singapore on March 19, 2026. The arrangement will allow customers booking Sun PhuQuoc Airways flights online to access a wider range of digital payment options, with the orchestration system designed to support cards, wallets, QR payments, and direct debit through a single integration point (fintechnews.sg).
The rollout is initially focused on Vietnam, with expansion to other Asian markets planned as subsequent phases of the partnership are implemented.
2C2P’s Airline Payments Position
2C2P has established a dedicated airline payments practice within its broader platform. The company describes itself as the preferred payment gateway for airlines into and within the Southeast Asian region, with over 25 regional carriers relying on its processing infrastructure. It is also a certified integration partner of the International Air Transport Association and is connected to more than 20 online travel agents operating in the region (2c2p.com).
The company’s airline-facing offering includes its Airline Controller solution, a payment routing tool developed by aviation professionals that provides airlines with access to multiple payment service providers through a single connection, with flexibility to route between providers for cost efficiency. Its platform supports over 250 payment methods, including credit cards, debit cards, mobile wallets, QR code payments, and offline payment channels across more than 400,000 alternative payment locations (2c2p.com).
In April 2022, Ant Group entered a strategic partnership with 2C2P and became its majority shareholder, linking the platform with Alipay+ and extending its reach to over one billion consumers globally.
Sun PhuQuoc Airways Background
Sun PhuQuoc Airways LLC is a Vietnamese leisure-oriented carrier founded in January 2025 by Sun Group, one of Vietnam’s largest resort and tourism conglomerates. The airline received its Air Operator Certificate in September 2025 and commenced commercial operations on November 1, 2025, initially serving domestic routes between Phu Quoc, Hanoi, Ho Chi Minh City, and Da Nang. In March 2026, it launched international operations with a Phu Quoc to Taipei route, followed by planned expansions to Seoul, Hong Kong, Singapore, Bangkok, and other regional markets through the remainder of 2026 (fintechnews.sg).
The airline operates a hub-and-spoke model centered on Phu Quoc International Airport and signed a US$22.5 billion contract in February 2026 to purchase 40 Boeing 787-9 Dreamliner wide-body aircraft, described as the largest Boeing widebody order in Vietnamese aviation history.
As Sun PhuQuoc Airways scales its booking volumes across domestic and international routes, securing robust digital payment infrastructure capable of handling multi-currency, multi-channel transactions is operationally critical. The partnership with M-PAY and 2C2P provides the airline with an established payment orchestration layer suited to that requirement.
Publicly available information on M-PAY’s corporate structure, licensing status in Vietnam, and the financial terms of the arrangement with 2C2P remains limited as of the date of this report.