# Stripe partners with local payment platforms to enhance cross-border transactions in Asia > Source: > Published: 2026-08-25 03:30:08+00:00 Via fastcompany.com # Stripe partners with local payment platforms to enhance cross-border transactions in Asia The payments giant is weaving together local wallets, AI checkout tools, and regional partnerships to help Asian businesses go global from day one. Asian tech founders used to build for their home market first and figure out international expansion later. According to Stripe’s own survey data, AI startups based in Singapore now enter an average of seven new markets within their first year of existence. That stat alone explains why Stripe is doubling down on cross-border infrastructure across the region, stitching together local payment rails, currency conversion tools, and merchant partnerships designed to make geographic borders feel like a minor inconvenience rather than a business-model constraint. ## The numbers behind the push Cross-border payment volume flowing through Stripe in Asia grew more than 30% in 2023. Meanwhile, the number of Asian businesses processing over $1 million in payment volume on Stripe’s platform climbed 28% year-on-year. “We’re seeing a significant shift in how Asia-based firms are looking at cross-border business,” said Sarita Singh, Stripe’s regional head and managing director for Southeast Asia, Greater China, and South Korea. “There’s been a big push to find customers and grow outside of the home country.” ## Local rails, global reach One of the most tangible moves in Stripe’s Asia strategy is its partnership with South Korea’s NICEPay, announced in August 2024. The integration lets US-based merchants accept payments from Korean consumers through more than 20 credit card brands and four local e-wallets, all without needing to set up a Korean business entity. The Korean deal sits alongside partnerships with Shoplazza, InVideo, LG Electronics, M1 Limited, and TADA, each representing a different slice of the Asian commerce ecosystem. Shoplazza brings cross-border e-commerce merchants. InVideo represents the wave of AI-native content tools. LG Electronics needs no introduction. M1 Limited is a major Singaporean telco. TADA is a ride-hailing platform competing in Southeast Asia’s crowded mobility market. ## AI meets checkout optimization Stripe’s Adaptive Pricing feature automatically displays prices in local currencies across more than 150 markets, and Stripe says it boosts cross-border revenue by approximately 17.8% on average. For a business doing $10 million in international sales, an 17.8% lift translates to nearly $1.8 million in additional revenue, simply from showing customers prices in the currency they actually think in. Beyond currency display, Stripe has been layering AI into its checkout processes more broadly. The company’s AI-optimized checkout reduces abandonment by dynamically adjusting payment flows based on the buyer’s location, device, and historical behavior. **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our [Editorial Policy](https://cryptobriefing.com/editorial-policy/).