2017.7 we’re excited to officially launch Stripe in Hong Kong. Local companies can now access the full Stripe stack including Stripe Radar, Connect with Custom accounts, and 3D Secure support. Starting today, we’re also rolling out support for Hong Kong users to get paid out in USD without currency conversion to local, USD-denominated bank accounts.
Located between Mainland China and the rest of Asia, Hong Kong is a launchpad for thousands of globally-minded Asian entrepreneurs and a gateway to Asia for businesses around the world.
While in preview, we’ve been able to work with many of the fastest-growing companies in Hong Kong to help them sell to customers anywhere in the world and manage complex business models at scale. We’d like to thank them for their ongoing support and feedback—from Grana and HBX to Tink Labs and Klook, two-thirds of venture-backed startups accepting payments in Hong Kong now use Stripe.
Digital wallets are the payment method of choice in mobile-first markets like China. In 2016, Alipay and WeChat Pay dominated the mobile wallet ecosystem in China, with 92% market share between them. So, today we’re introducing global support for Alipay and WeChat Pay, connecting Stripe businesses in 25+ countries to the hundreds of millions of Chinese consumers that actively use these payment methods.
Both Alipay and WeChat Pay can easily be implemented with Sources, Stripe’s unified API for accepting any payment method with a single integration. Additionally, we’ve partnered with Alipay to support recurring payments for Stripe users, which we hope will help SaaS and subscriptions-based businesses create frictionless experiences for customers paying with Alipay.
We’ve also put together a guide to help businesses navigate Alipay, WeChat Pay, and other supported payment methods. If your business wants to support either WeChat Pay or recurring payments on Alipay, please get in touch.
Whether in the Eastern or Western hemisphere, we look forward to seeing more businesses expand globally and create new kinds of products and services with Stripe.
We’re also hiring! If you’d like to work with us, we’d love to hear from you.