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Technology

Fintechs fuse ASEAN's in-store, online payments as shoppers return

Stripe to expand with launch of cashless terminals in Singapore

Stripe is introducing new terminals as digital payments grow in popularity in Southeast Asia with the rise of e-commerce. (Photo courtesy of Stripe) 

SINGAPORE -- Global fintech companies are rolling out new payment systems in Asia to bridge the booming online and in-person payments business as shoppers return to brick-and-mortar stores with the easing of the COVID-19 pandemic.

U.S. payments specialist Stripe, one of the world's most valuable startups, recently launched a new point-of-sales (POS) system in Singapore, its first foray in Southeast Asia. With Stripe's hand-held terminals, businesses can process in-store credit card and e-money payments. Merchants can track sales data of both in-store and e-commerce payments on Stripe's dashboard.

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