It will facilitate local collections through payments platform provider 2C2P.

Deutsche Bank has launched a payments platform for its Thai corporate clients that will facilitate local collections through Southeast Asia’s payments platform provider 2C2P.

Through 2C2P’s platform, the bank’s corporate clients in Thailand will be able to collect funds more efficiently and conveniently through online banking and non-banking channels, including internet and mobile banking, ATM, and branches.

They also have the choice to use mobile payment options such as True Money, LINE Pay, Alipay, WeChat Pay, and PromptPay.

Deutsche Bank’s corporate clients can also use 2C2P’s other payment features, such as instalment payments, recurring payments, and multi-currency converters to suit the needs of their business models.

Once the preferred payment channel is selected, payment orders will be processed through 2C2P’s system with real-time data available for corporate clients to monitor and perform post-sales activities. Upon completion, the funds will be directly auto-credited to a Deutsche Bank account.

2C2P has an alternative payments network reach of more than 400,000 touchpoints across Asia, regional coverage in 10 markets as well as partnerships with over 30 financial institutions worldwide.