BUSINESS & BANGKOK - Ant International Appoints Worachat Luxkanalode

Worachat Luxkanalode - (Photo: Business Wire)

As 2C2P CEO Designate as 2C2P Expands to Serve More Regional SMEs with Innovative Products

BANGKOK & SINGAPORE -- (BUSINESS WIRE)

Tuesday March 4, 2025

Ant International, a leading global digital payment, digitisation and financial technology provider, announced the appointment of Worachat Luxkanalode, as the new Chief Executive Officer (CEO) of 2C2P. Mr. Worachat will assume the role in April 2025, subject to regulatory approval.

In his role, Worachat will oversee the overall business strategy and operations of 2C2P, spearheading the company's strategic upgrade from mainly serving enterprise customers to businesses of all sizes including SMEs across the Southeast Asia region. 2C2P is part of Antom, Ant International's global payment and digitisation solutions provider, and currently serves leading players in travel, online retail, entertainment and more.

Gary Liu, General Manager of Antom, Ant International, 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."

"Worachat is a fintech veteran with proven experience and track records with payments, digital banking, and driving sustainable business growth. I am confident that 2C2P's legacy of innovation will thrive under Worachat's leadership, expanding our services to cover more regional SMEs on top of enterprise customers," said Mr. Liu.

Mr. Worachat is currently with SEA leading superapp Grab, serving as the Managing Director of Grab Thailand. He joined in 2019 and held several roles including Country Head of Grab Financial Group - Thailand and Executive Director of Grab Thailand. Before joining Grab, Worachat held key senior executive positions at leading Thai and international banks and financial institutions for over 17 years, and is among the pioneers of digital banking in Thailand.

"I'm thrilled to join Ant International and lead 2C2P at such an exciting time of transformation. 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," said Worachat.

"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 by Aung Kyaw Moe in Bangkok, Thailand in 2003. In April 2022, Ant International, previously Ant Group's International Business Group, made a strategic investment in 2C2P and the two companies started to demonstrate strong synergies by integrating products and keeping innovating at the forefront of the payment industry through close collaboration between the two teams.

In the past two years, 2C2P's annual acquiring payment volume has nearly doubled, and the total payment volume (TPV) generated from Antom core merchants served by the two companies through strategic collaboration has grown more than ten times.

The robust growth came from various sectors including eCommerce, retail, airlines, online travel agencies (OTA), hospitality, food and beverages (F&B), digital content, and online-to-offline (O2O), across the SEA markets, including Thailand, Singapore, Malaysia, the Philippines, Indonesia, and Vietnam. Several innovative initiatives such as the Antom Business Account, which allows merchants to collect payments and make local and cross-border payouts seamlessly with a single account, and 2C2P's integration with Ant International's Platform Tech, which enables merchants to make cross-border settlements efficiently with competitive exchange rates, were co-launched to create value for customers.

"With 2C2P in good hands, I am thrilled to embark on new adventures. I will dedicate some of my time to my research: How Southeast Asia Startups Succeed and Fail-Understanding the Growth Gap. I am also working on my memoir, 'Red Kite', recounting my personal and entrepreneurial journey. And I can't wait to spend more time flying my little plane to new places and meeting new people," Aung Kyaw Moe (Aung) revealed in a LinkedIn post.

Liu thanked Aung for his leadership and dedication alongside the journey and extended gratitude to Aung for his extraordinary contribution, "Under Aung's visionary leadership, 2C2P has achieved remarkable milestones, solving complex payment challenges for enterprise merchants across the region and earning its reputation as a trusted payments partner. These accomplishments stand as a testament to Aung's unwavering dedication, strategic foresight, and ability to inspire teams to deliver excellence."

2C2P Thailand CEO Piyachart Ratanaprasartporn will also be retiring in April. Aung and Piyachart will remain on the board of 2C2P until June 30.

"We wish both Aung and Piyachart continued success and fulfillment in their future endeavours," said Liu.

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