Stripe unveils products to streamline business checkout options globally

By Gloria Mathias

Stripe, a financial infrastructure platform for businesses, has introduced its latest product innovations at Stripe Tour Singapore, its inaugural user event in Southeast Asia.

The event showcased its products that are positioning businesses of all sizes in Southeast Asia to take advantage of surging consumer demand in the region for online goods and services. The new features accelerate the checkout experience and provide businesses with tools for automatically managing core revenue and finance tasks.

“Southeast Asia’s rapidly expanding and dynamic digital economy holds tremendous global potential. The ingenuity and entrepreneurship emerging from this region will continue to have a global impact,” said Sarita Singh, regional head and Managing Director for Southeast Asia, India, and Greater China at Stripe.

To help businesses respond, Stripe Tour Singapore showcased its newly updated optimized checkout suite, which allows businesses to offer their customers an effortless checkout experience, without having to build or maintain it themselves.

Recent additions to the optimized checkout suite include access to more than 100 payment methods and an A/B testing tool that allows businesses to rigorously identify the best-performing payment methods in their checkout.

Businesses can also integrate Link, Stripe’s accelerated checkout experience that autofills saved payment details to help customers complete their transactions faster. the company’s research found that businesses that migrated from an older Stripe integration (the Card Element) to the optimized checkout suite saw a 10.5% increase in revenue.

The firm also shared product launches that help unify online and offline commerce. These include Stripe Reader S700, its newest point-of-sale device that will soon be available in 23 countries, including Singapore.

“These latest solutions are timely for us. Stripe helped us create a streamlined experience that supported omnichannel ordering, payment, and reconciliation to deliver just what our customers were looking for—at a reduced cost. Now, as we plan to expand to more countries in Asia, we plan on scaling together with Stripe,” said Jude Kumar, founder and CEO of fast-growing startup EatMe Global.