DBS and Stripe have announced a strategic partnership to accelerate the growth of agentic commerce and cross-border payments across Asia. By integrating DBS’ banking capabilities with Stripe’s global financial services, the collaboration seeks to streamline how businesses manage funds across markets. This initiative will also explore the development of AI capabilities to enable more efficient and secure transactions for DBS customers.
The partnership comes as AI agents are increasingly facilitating consumer and business transactions, with projections indicating that AI agents could manage up to $5t in global consumer commerce by 2030. As agentic commerce becomes more widespread, the demand for reliable platforms that support AI-powered transactions is expected to rise.
Stripe will utilise DBS’ digital banking capabilities to enhance cross-border payment services for merchants on its platform. This includes leveraging DBS’ solutions for money movement and cash management to optimise liquidity and cash positions. These efforts are part of Stripe’s transformation into a comprehensive financial infrastructure provider and its expansion across Asia.
DBS plans to use Stripe’s global platform to broaden its cross-border network, allowing institutional clients to connect with more customers worldwide. The partnership addresses the increasing need for trusted partners in Asia to access multiple payment and currency corridors, with outbound cross-border payments projected to reach $24t by 2033.
Tan Su Shan, CEO of DBS, stated, “This partnership enables us to continue delivering differentiated solutions for customers and reflects our shared commitment towards helping businesses in Asia build, scale and compete globally.” Fran Ryan, Chief Business Officer of Stripe, added, “We look forward to helping even more businesses in Asia transform into global champions.”
