Founded by Limerick-born brothers Patrick and John Collison, Stripe, a service that aims to make the process of online payments for business more fluid, is to launch in Ireland after its success in countries such as the US and Canada.
The launch comes in line with a Government initiative to get more Irish businesses online in a bid to sell their services to a global market over the internet.
“The chilling effect on online business is hard to understate,” comment Chief Executive Patrick Collison. “Internet business could be so much bigger.”
As the first country in the Eurozone to exit Stripe’s beta phase, Collison said online payments are “especially important for countries like Ireland, export countries.”
Walmart and Virgin are already among Stripe’s customers, as is Irish tech firm Intercom, which is now based in the US. The company has also launched beta testing programmes in Germany, Belgium and Australia in a move to continue its expansion across the world.
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