{"id":4715,"date":"2019-10-09T17:27:31","date_gmt":"2019-10-09T17:27:31","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4715"},"modified":"2021-06-15T19:16:42","modified_gmt":"2021-06-15T19:16:42","slug":"stripe-sets-up-shop-in-malaysia","status":"publish","type":"post","link":"https:\/\/infinicept.com\/payment-facilitator\/archive\/stripe-sets-up-shop-in-malaysia\/","title":{"rendered":"Stripe Sets Up Shop in Malaysia"},"content":{"rendered":"\n<p><strong>Payments leader\u00a0<a href=\"https:\/\/stripe.com\/\">Stripe<\/a>   announced this week that it is launching in Malaysia.\u00a0<\/strong><\/p>\n\n\n\n<p><strong>Companies there will be able to access Stripe\u2019s entire technology stack, including tools for marketplaces, subscriptions and recurring payments, as well as its fraud management and business analytics reporting, the company\u00a0<a href=\"https:\/\/stripe.com\/blog\/stripe-launches-in-malaysia\">said<\/a>   in a blog post.<\/strong><\/p>\n\n\n\n<p>According to Stripe\u2019s web site, Stripe is now available in 34 countries. This year alone, it has added Estonia, Greece, Latvia, Lithuania, Poland, Portugal, Slovakia and Slovenia to the list of countries where it operates.<\/p>\n\n\n\n<p>Despite Malaysia\u2019s high rates of connectivity, with smartphones being used by 88 percent of the population, ecommerce usage remains low, the company said.&nbsp;<\/p>\n\n\n\n<p>\u201cEven today, less than eight percent of commerce is online, largely because moving money on the internet remains complicated, cumbersome and slow,\u201d John Collison, co-founder and president of Stripe said in a&nbsp;<a href=\"https:\/\/stripe.com\/newsroom\/news\/malaysia-launch\">press release<\/a>.&nbsp;<\/p>\n\n\n\n<p>\u201cAt Stripe, our goal is to remove these barriers and build the kind of infrastructure ambitious businesses need to run at internet speed and scale.\u201d<\/p>\n\n\n\n<p>Stripe has been operating in Malaysia in beta since January, it said. Its clients include Flower Chimp, an online flower delivery service that operates across the country through local florists; SOCAR, a car-sharing network; and ecommerce platform EasyStore.&nbsp;<\/p>\n\n\n\n<p>\u201cWe are extremely excited by the energy and determination of the Malaysian entrepreneurs we\u2019ve been working with daily. Technology should not be holding them back,\u201d Piruze Sabuncu, head of Southeast Asia and Hong Kong for Stripe, said.&nbsp;<\/p>\n\n\n\n<p>\u201cStripe aims to empower more businesses in Malaysia to export their creativity to the rest of the world.\u201d<\/p>\n\n\n\n<p>To serve the needs of the local market, Stripe also announced that it is a third-party acquirer for FPX, an online payment gateway that facilitates bank transfers in Malaysia, through a partnership with Payments Network Malaysia Sdn Bhd (PayNet).<\/p>\n\n\n\n<p>\u201cThrough this partnership we\u2019ve sought to build the most frictionless FPX payments flow in the market and will be revealing several new features previously unavailable in Malaysia,\u201d the company said in a blog post.&nbsp;<\/p>\n\n\n\n<p>The new features include easier merchant onboarding and transaction refunds, as well as real-time acknowledgement that transactions have been successfully processed. The program, which is currently in beta, will include 17 local banks, the company said.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payments leader Stripe   announced this week that it is launching in Malaysia. <\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[145,229,250,846],"class_list":["post-4715","post","type-post","status-publish","format-standard","hentry","category-archive","tag-cashless-payments","tag-digital-payments","tag-ecommerce","tag-stripe"],"acf":[],"_links":{"self":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4715"}],"version-history":[{"count":1,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4715\/revisions"}],"predecessor-version":[{"id":7091,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4715\/revisions\/7091"}],"wp:attachment":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}