Stripe is planning to roll out its in-store payment terminal solutions in Asia:
of solutions, including tools for marketplaces, robust data analysis products, and other payments offerings, may help it do so. But, it'll have to contend with payments players throughout APAC like Alipay, Grab, Paytm, and more, that are seeking the same opportunity.
Bringing Stripe Terminal to Asia gives Stripe access to even greater volume and could convince more merchants to work with it. Retail sales in APAC areto surpass $3 trillion by 2021, meaning that there's tremendous retail volume that still occurs offline in the region. Stripe Terminal, which offers in-store point-of-sale solutions, gives Stripe the ability to access this volume in addition to e-commerce sales.
Otherwise, it could find itself investing heavily in a market like China where it may have trouble securing significant volume if it can't find a way to work alongsideIt'll also want to identify markets where the regulatory environment is favorable, as governments in some countries likeInterested in getting the full story? Here are two ways to get access:pass to Business Insider Intelligence and gain immediate access to the Payments & Commerce Briefing, plus more than 250 other...
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