SINGAPORE: South-East Asian payments platform 2C2P Pte Ltd, which helps airlines, travel companies and online shopping malls handle payments from customers in the region, has raised US$52mil from investors including the World Bank’s International Finance Corp, Cento Ventures and Arbor Ventures to fund expansion.

The new funding round will bolster the company’s position in South-East Asia’s burgeoning digital payments market as more customers move online to shop, order meals and book flights and hotel rooms.