Stripe Adds Alipay and WeChat So S'poreans Can Tap Into China's $6.9T E-Commerce Market Appcoda

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Stripe Adds Alipay and WeChat So S'poreans Can Tap Into China's $6.9T E-Commerce Market

for Singapore, so local businesses will be able to tap onto the Chinese e-commerce market. Appcoda

Payments platform Stripe announced that online local businesses can now accept payments through

Aside from facilitating payments, Stripe – whose clients include Grab and CapitaLand – also helps businesses ” 

Essentially, by using the Stripe platform, Appcoda

(which could mean that Singapore would have access to not just China but everyone else as well).

for businesses looking to tap into the new service, as well as useful insights on global e-payments trends.

The platform also supports recurring payments, allowing for

Typically, adding payment methods can be a tedious process, but what Stripe sells is an one-step process to adding the desired payment modes, i.e. Alipay and WeChat Pay.

“This means no one-off onboarding process, no lengthy underwriting timelines, and no effort spent on tedious contract negotiations,

the majority of businesses outside of China have been cut off […] because they can’t accept the payment methods preferred by Chinese consumers,”

said Piruze Sabuncu, head of Stripe in Southeast Asia and HongKong. Appcoda

Addressing the limited market size in Singapore, Addressing the limited market size in Singapore Appcoda

for Singapore’s burgeoning economy of Internet-based startups”.

Mobile payments are likely to grow in tandem with e-commerce, or perhaps even faster, and China is all set to

“If you are an Internet business this unlocks a new vast customer base,”

shared John Collison, Stripe’s president and co-founder, in a 

interview. Meanwhile, Chinese consumers would also have an “expanded choice” of international merchants from whom to shop.

Breaking into the Chinese market is by now, almost the default route entrepreneurs take in the path to expansion.

The global market for mobile s enjoying an exponential growth, and mobile payment platforms such as 

If you’ve not started, there’s really no reason stopping you from at least taking that first step.

link your business up to China’s S$6.9 trillon dollar market

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