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US online payments startup Stripe coming to Africa

Stripe Africa

American online payments startup Stripe has signaled intention to expand its operations in Africa and the Middle East by moving to hire a business development manager for the two markets.

According to a statement posted on its website, Stripe states that it is looking for a business development leader who will accelerate their “go to market strategies in the Middle East and Africa.”

“This role will be responsible for defining and executing all aspects of the partnerships with financial institutions, acquirers, and card networks needed for Stripe to enter high impact regional markets,” the job posting on Stripe’s website states.

The role will be based in London that serves as one of Stripe’s global offices but will require frequent multi-week international travel, the job posting points out.

The posting also highlights Arabic language skills as a plus, suggesting that the company is looking to expand into some Middle Eastern countries at least if not all.

According to menabytes.com, the move comes after the San Francisco-based company recently raised capital of $22.5 billion.

Stripe recently launched its operations in Estonia, Poland, Greece, Lithuania, Latvia, and Malaysia.

Must read: Global smartphone maker OPPO enters Africa market

Their CEO, making the announcement on Twitter, said, “The internet is global and we’re (impatiently) trying to make all of Stripe’s functionality available in every country. We have a whole lot more global expansion planned for 2019.”

Stripe is one of the most popular payments gateways in the world, mainly because of being developer-friendly and easy integrations.

Companies in MENA can still use Stripe by registering a company in the United States through Stripe Atlas, a service that allows global businesses to incorporate their companies in the United States and accept payments from anywhere in the world.

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