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Stripe launches in Malaysia

Sophie Sakellariadis on October 7, 2019

Today, we’re happy to officially launch Stripe in Malaysia. Businesses all across the country can now easily accept and manage payments, and access the full Stripe stack including Billing, Connect, Radar and Sigma.

More than 80 percent of Malaysians already access the internet and as many as two-thirds of them do so via their smartphones. Despite the continued growth in connectivity, the country’s internet economy remains a small fraction of the overall GDP. With today’s launch, we want to help thousands more entrepreneurs and companies in Malaysia grow and scale their online businesses domestically and internationally.

Since our beta launch earlier this year, we’ve been able to partner with several Malaysian companies leading the charge. These include e-commerce startups like FashionValet and Flower Chimp who serve customers around the region, companies with innovative new business models like dahmakan and RAGE Coffee, and platforms and marketplaces like SOCAR and Easystore which in turn enable thousands of entrepreneurs to start and scale their own businesses.

Through the feedback of these early partners and hundreds of others across the country, we’ve shaped our products to meet the local needs of Malaysian businesses.

Online Bank Transfers with FPX

Bank transfers are one of the most popular payment methods for online consumer transactions in Malaysia, and we’re excited to announce that Stripe is now a third party acquirer for FPX. Through this partnership we’ve sought to build the most frictionless FPX payments flow in the market and will be revealing several new features previously unavailable in Malaysia. These include quick and easy onboarding for merchants, the ability to refund transactions effortlessly, and real-time feedback on whether FPX payments are successfully processed–helpful to both merchants and consumers. We’ve also looked to minimise the number of redirects in the FPX checkout flow to help optimise conversion rates.

The FPX beta program will support payments via seventeen local banks, ensuring that domestic and global merchants can seamlessly offer a relevant local payment experience to Malaysian consumers.

You can get started right away with a Stripe account. If you have any feedback, please let us know!

Hari ini, kami amat bangga untuk memperkenalkan dan mengumumkan pelancaran rasmi sistem pembayaran atas talian - Stripe. Peniaga di seluruh Malaysia kini boleh menerima dan menguruskan pembayaran, serta menggunakan keseluruhan perkhimatan yang disediakan termasuk Billing, Connect, Radar dan Sigma.

Lebih 80 peratus rakyat Malaysia mempunyai capaian kepada internet dan dua pertiga daripada mereka menggunakannya melalui telefon pintar. Walaupun kadar capaian internet di Malaysia terus meningkat, aktiviti ekonomi yang berasaskan internet masih berada pada paras yang rendah berbanding KDNK. Dengan pelancaran Stripe, kami berharap untuk membantu lebih banyak syarikat dan usahawan di Malaysia mengembangkan perniagaan atas talian dalam pasaran tempatan dan antarabangsa.

Sejak pelancaran beta oleh Stripe pada awal tahun ini, kami telah dapat bekerjasama dengan beberapa syarikat tempatan yang berpotensi tinggi. Ini termasuk startups e-dagang seperti FashionValet dan Flower Chimp yang telah berjaya menembusi pasaran serantau, syarikat-syarikat dengan model perniagaan yang berinovasi seperti dahmakan dan RAGE Coffee, serta platform perniagaan atas talian seperti SOCAR dan Easystore yang seterusnya membolehkan ramai usahawan untuk memulakan dan mengembangkan perniagaan mereka sendiri.

Melalui maklum balas daripada rakan-rakan perniagaan tersebut dan pihak-pihak lain yang terlibat, kami telah dapat menyesuaikan produk kami untuk memenuhi keperluan perniagaan tempatan.

Transaksi Bank Atas Talian dengan FPX

Pemindahan bank adalah kaedah pembayaran yang paling popular untuk urus niaga pengguna dalam talian di Malaysia, dan kami gembira untuk mengumumkan bahawa Stripe kini merupakan pemeroleh pihak ketiga untuk FPX. Melalui kerjasama ini, kami berusaha untuk membina aliran pembayaran ketiga yang paling lancar di pasaran dan akan mendedahkan ciri baru yang sebelumnya tidak tersedia di Malaysia. Ini termasuk proses penyesuaian yang cepat dan mudah untuk peniaga, keupayaan untuk mengembalikan transaksi dengan mudah, dan maklum balas masa nyata jika pembayaran FPX berjaya diproses - membantu peniaga dan pelanggan mereka. Stripe juga mengurangkan bilangan pelencongan dari FPX untuk meningkatkan kadar penukaran.

Melalui FPX beta, Stripe menyediakan kemudahan pembayaran melalui 17 bank tempatan, bagi memastikan peniaga domestik dan antarabangsa dapat menawarkan khidmat pembayaran tempatan yang relevan kepada pengguna di Malaysia.

Anda sudah boleh menggunakan Stripe dengan serta-merta. Jika anda mempunyai sebarang maklum balas, sila tujukan kepada kami.

October 7, 2019

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Sessions 2019 keynote

Will Gaybrick on September 11, 2019

On Tuesday, we held our annual conference in San Francisco where we share our roadmap and directly get feedback from our customers. Thanks to those of you who joined us in SF or on the livestream!

We’ve invested significantly in our Global Payments and Treasury Network and our software applications in the past year, shipping more than 250 new features.

A few highlights:

  • Stripe Capital provides fast, flexible financing for you to grow your business.
  • Stripe Corporate Card is the easiest way for everyone in your company to handle expenses.
  • Stripe is now available in 8 new European countries—Poland, Estonia, Latvia, Lithuania, Slovakia, Slovenia, Greece, and Portugal.
  • U.S. businesses can send payouts to 45 countries (more coming soon).
  • Connect Express has expanded support to 28 additional countries.
  • Instant Payouts are rolling out to U.S. businesses. We’re also speeding up payouts outside the U.S. soon.
  • New financial reports and a beta of revenue recognition for Stripe Billing to help you close your books faster.
  • Stripe CLI lets you interact with many parts of the Stripe API, debug your code with live logs, and receive webhook events.

We’re grateful to partner with you and to see what experiences you’ll create. I’m excited to hear your feedback on what we should build next—no request is too small.

September 11, 2019

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Stripe launches in eight more European countries

Paul Glootz on September 9, 2019

Stripe is now generally available for businesses in eight additional European countries. Businesses in Poland, Estonia, Latvia, Lithuania, Slovakia, Slovenia, Greece, and Portugal can now sign up and use the full Stripe stack.

Since Stripe launched in 2011, tens of thousands of businesses across Europe have asked us to expand Stripe to their countries. This isn’t surprising by any means—Europe has one of the highest densities of software engineers in the world and thriving startup ecosystems are growing across the region. (As a company looking to grow the GDP of the internet, we’re also ardent fans of innovative initiatives like Estonia’s e-residency programs.)

With today’s launch, we want to help thousands more entrepreneurs and companies in Europe grow and scale their online businesses. As just a couple of examples of the breadth of businesses building on Stripe already: Andcards from Poland uses Stripe to automatically bill their customers across the world in local currencies; Click & Grow from Estonia uses Stripe to sell a smart indoor garden to a global customer base. Thanks to the hundreds of companies that helped us shape our product during our beta.

Earlier this year, we announced that we’d be taking a different approach to global engineering. Building global engineering hubs closer to our regional users helps us stay in closer sync with our customers’ needs and move faster. Today’s launch was built almost entirely by our engineering teams in Europe—everything from integrating with new financial partners to adding support for local legal entity types to handling non-Latin characters. If you’re interested in working with us to help build economic infrastructure, we’re hiring for many roles in Europe and beyond.

You can get started with Stripe by just creating an account. If you have any feedback, please let us know!

September 9, 2019

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