i2c, Inc., a provider of payment processing and emerging commerce solutions, announced today that its issuing processing platform, MCP, now processes payment transactions for consumers in 216 countries and territories. MCP is a global payment processing platform from which companies can launch and manage card-based, virtual and mobile payment products.

i2c's global expansion is a byproduct of the effort to provide the world's unbanked population, estimated at 2.5 billion by the World Bank, with new financial products. The unbanked population's reliance on cash, coupled with their increasing use of mobile phones, has created a huge market opportunity for alternative financial products such as prepaid cards and mobile payments.

“i2c provides the payment processing, mobile, loyalty and back office infrastructure companies need in order to launch and profitably manage these products,” said Jim Ackerson, Senior Vice President at i2c.