Over the years, Stripe has raised hundreds of millions of dollars and its valuation has skyrocketed to $95 billion.
The deal underscores how Stripe continues to ramp up the pace when it comes to transactions, revenue and eventually profit on its platform - and maybe some of the pressure of needing to do this sooner rather than later. Now any business can set up in-person checkout in minutes,” said John Affaki, Terminal business lead at Stripe, in a statement. “Stripe’s launch of Tap to Pay on Android puts contactless payments hardware into the pockets of millions of businesses around the world. Expanding to these six countries is a sizable opportunity, though: collectively, those countries have 225 million Android users, as well as a very wide swathe of smaller businesses that might otherwise be reluctant to move to contactless payments if it means buying costly new hardware. Stripe plans to expand that list, but it declined to give a timeline on when and where that will happen. Tap to Pay is currently live in six markets - U.S., Canada, the U.K., New Zealand, Australia and Singapore. Examples include Squire (focused on barbershops), Fareharbor (tours, activities, rentals), Oddle (restaurants) and GiveTap (cashless donations). It will support payment methods using Google Pay, Mastercard, Visa and American Express debit and credit cards and it will integrate with third-party merchant platforms that typically provide bridging through to different segments of the small business community.
(Apple’s expanded its list, though, so Google likely will, too.) From today, businesses that use Stripe Terminal to take in-person payments now will be able to carry out Tap to Pay transactions on NFC-equipped Android devices, too.įrom what we understand, Stripe is the only payments company providing Tap to Pay on Android currently. Now, Stripe is expanding that business by a factor of googol. Stripe, the payments and financial services upstart, made waves in the world of mobile commerce last year when it became Apple’s first payment partner for “Tap to Pay,” the iPhone giant’s move to turn any iOS device into a payment-making or payment-taking terminal.
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