How digital trade is reshaping the global economy

Digital exports are creating growth opportunities for all businesses—regardless of location—by removing and reducing barriers to cross-border buying and selling. For our new report, we analyzed international business and consumer sentiment surveys, as well as transaction data on Stripe, to identify emerging trends in the global digital economy.

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Duration 10 minute read Page count 26

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Digital trade report

Key trends reshaping the digital economy

Digital exports provide a way for companies to scale their total addressable market exponentially, laying the groundwork for future growth. As a driver of globalization, digital exports are transforming the global economy in three core ways:
  • Creating unexpected optimism from businesses and consumers about the prospects of the globalized economy
  • Creating more diversified international trade routes
  • Creating greater access to the global economy for every kind of business and industry

We’ve really been on a pretty fun international expansion journey over the past six or seven years, thinking about innovations around how we get money to a seller that’s selling cross-border, how do we make that currency conversion process trivially easy for them, and how do we make sure they get paid as expected and on time. There’s a lot of complexity in that.

Ben Volk, Director of Global Payment Acceptance and Customer Experience

Fitness is a truly global industry which has become very homogenous, people taking a spin class in Ecuador are getting the same experience as gym goers in London, Kuala Lumpur, and New York. This means global franchises want to make the entire fitness experience consistent, including payments. It’s not too difficult to have the same fitness content in different countries, but when you get into highly regulated areas like payments you can really see the differences between markets.

Anthony Kelly, Co-founder

We use Stripe as the information source to determine the best way to transact in different countries, and this helps us build the stories for our leadership to obtain buy-in to proceed. We’re no longer scared to go into a new market or region because of payment processing solution limitations.

Bryant Przybilla, Director of Revenue and Business Operations

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