Singapore-headquartered Aspire, a leading finance platform for businesses, has announced its integration with Stripe, a global financial infrastructure platform, to offer faster and more flexible payment solutions. This collaboration enables businesses across Asia to receive payments through credit and debit cards, Apple Pay, and Google Pay, significantly reducing the typical payment cycle from seven days to just three.
The integration addresses a critical need for financial flexibility in the B2B sector, where lengthy payment cycles can hinder cash flow. Research indicates that businesses not accepting card payments face an average revenue loss of 46%. By enabling Aspire users to accept payments via credit cards and local payment methods like GrabPay and WeChat Pay, the platform provides a seamless payment experience for customers.
Andrea Baronchelli, CEO and founder of Aspire, stated, “This partnership with Stripe aims to address two critical pain points—speed and flexibility. Together, we are removing the friction of money, empowering businesses to focus on what they do best: growing and scaling their operations.”
Paul Harapin, Stripe’s Chief Revenue Officer in Asia Pacific, added, “Small and medium businesses make up over 97% of all businesses in APAC. Working together, Aspire and Stripe help ensure that SMBs fully benefit from cutting-edge technology to enjoy seamless and flexible payment solutions.”
Aspire’s integration with Stripe marks a significant step in its mission to empower global businesses with essential financial tools, enhancing its all-in-one platform to support businesses in managing payments and scaling operations efficiently.
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