Stripe hand, PayPal into the United States market-Alipay, PayPal, Alibaba, Stripe-IT information Stripe hand, PayPal into the United States market

This time, the PayPal finally have in PayPal's home and a chance to compete on the same stage.

According to the Re/Code report, United States online payment company Stripe and officially formed a partnership, the latter access to the clearing and settlement system. Specifically, the Stripe for any sellers using its payment system can be billed via PayPal channels. Use Stripe of paid software, if businesses detect shoppers from Chinese mainland, marketers will provide an account with Alipay payment option.

The benefits of cooperation are obvious: it for Chinese buyers, "sea washes" to dredge the channel of payment. You know, in China, people support international currency cards held is relatively low, while PayPal is leading the online payment market, becomes an important settlement tool – online shopping crowd the end of 2013, it has 300 million registered users.

Stripe's CEO Patrick Collison said: "we want sellers to sell products to shoppers all over the world, one of the challenges is to overcome geographical restrictions on use of credit card. ”

As for PayPal, this is the first time it landed United States markets, is part of its expanded international markets. In January this year, Alibaba COO happy child has disclosed its internationalization strategy: the export is mainly retail global aliexpress, Taobao sold to foreign customers overseas, providing home buyers with products of cats international. Alibaba latest round of internationalization has two main ideas, one is for local businesses in local markets, second on both domestic and international consumers and businesses. PayPal is clearly held by Alibaba international bridges role.

Transnational online shopping transactions on a global scale is growing rapidly. PayPal a survey in July 2013, predicts that global transnational online shopping transactions within 5 years to reach nearly 3 times now, and especially bullish on China online shopping market. Ebay is a pioneer in this respect: in 2013, in the United States far exceeds the total trading outside United States soil. In the Chinese market, Ebay has achieved a transition to a multinational trading platforms.

Although late to PayPal, PayPal has taken this step there after all. However, the Stripe is still a start-up, and faced with the fierce market competition, Alipay, this combination will expand United States how much of the market opportunities and space is a mystery.

From the perspective of cooperation on the other side, this is Stripe in the United States means fierce competition in the payments market. Its rivals not only have PayPal so that industry giants, including Jack Dorsey at the helm of startups like Square. Stripe is different because with these competitors: so far it has received close to 140 currencies of payment also recently tapped bitcoin payments. While cooperation with Alipay may also use "internationalized" implement "differentiated" means. In January this year, when 4 years Stripe had just completed an $ 80 million financing, valued at $ 1.75 billion.

Collison said that other than PayPal, Stripe then also wants to cooperate with major payment services, yet widespread popularity of credit cards provide convenient methods of clearing of the areas.