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Stripe CEO: U.S. tech companies 'underestimate' Asia's potential

Despite fintech downturn, payment giant doubles down on overseas business

Stripe’s expansion shows a possible route to growth for digital payment companies trying to keep up with the latest pandemic-induced economic realities. (Source photos by courtesy of Stripe)

SINGAPORE/TOKYO -- Payments giant Stripe will push its investment in Asia as it strives to capture demand in one of the world's fastest-growing regions -- one filled with markets with potential that U.S. tech companies often fail to notice, CEO Patrick Collison said.

San Francisco- and Dublin-headquartered Stripe over the years has expanded its reach from North America and Europe to markets in Asia, Latin America and the Middle East. Collison noted a particular focus on Japan, which Stripe entered in 2016. The world's fourth largest e-commerce market, he said, is "growing much faster than in the U.S."

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