Luckin Coffee, China’s leading coffee chain, has partnered with Stripe to support its international expansion into Southeast Asia, specifically targeting Singapore and Malaysia. By utilising Stripe’s scalable infrastructure, technical support, and localisation capabilities, Luckin Coffee has established a robust cross-border payment system to facilitate its growth in these markets.
The Southeast Asian specialist coffee market, valued at approximately $4.4 billion in 2023, is projected to grow by 8% by 2028. Luckin Coffee, which has already opened 60 stores in Singapore, aims to strengthen its brand recognition and provide a seamless user experience in this burgeoning market.
Stripe’s extensive technical documentation and responsive support enabled Luckin Coffee to integrate a full payment system within just one month. This integration model reduces ongoing development costs and sets a strong foundation for further expansion. Stripe’s localisation support allows Luckin Coffee to offer a variety of local payment methods, including credit cards, Apple Pay, Google Pay, GrabPay, PayNow, and FPX, ensuring a smooth payment process for customers.
Zhang Jiangxiang, General Manager of Luckin Coffee Singapore, stated, “Our global strategy is anchored in technology and innovation. We chose Stripe not just for its payment leadership, but for a shared mindset around speed, scale, and seamless user experience.” Sarita Singh, Regional Head & Managing Director for Southeast Asia, India, and Greater China at Stripe, added, “We’re proud to support Luckin Coffee’s global expansion.”
This partnership highlights how strategic technology collaborations can enable Chinese companies like Luckin Coffee to scale internationally with the right infrastructure and local expertise.
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