Payments platform Stripe announced on Wednesday it has expanded its services to five more European countries. Stripe reported it will be generally available in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta. While sharing more details about the launch, the Stripe team stated:
“[We have] been investing in our European engineering hub since 2018, and this launch was built almost entirely by those teams. That’s everything from new integrations with financial institutions to extending support for Stripe’s products.”
The company further revealed that the COVID-19 pandemic has accelerated the shift from offline to online commerce and the launch is the result of feedback from a number of businesses across Europe, which include MEWS, Ramon Nastase, Aesthetic by Science, and Mana are just a few of the many companies that helped shape this product during its beta phase. The company added:
“In the past few months, European entrepreneurs in Central and Eastern Europe have already processed hundreds of millions of euros in payments on Stripe. We’re glad we can support these businesses and are working diligently to make Stripe available to every business across Europe.”
Stripe may now support businesses in 39 countries (29 in Europe) with its complete payments platform, enabling them to sell to customers around the globe.