Stripe launches Stripe Terminal in Japan
Programmable financial services company Stripe today launched Stripe Terminal in Japan, helping Japanese businesses unify commerce experiences across online and offline channels.
Stripe Terminal includes support for Tap to Pay on iPhone, as well as integrations with PayPay, the leading QR code payment method in Japan with over 70 million users, and Weixin Pay, also known as WeChat Pay. Stripe’s newest Reader S710 provides merchants with cellular connectivity, so they can accept payments without interruption–even if the wifi goes down.
Inforich, a popular mobile battery sharing service with approximately 55,000 locations nationwide, will begin introducing Stripe Terminal soon.
In 2024, payment volume on Stripe in Japan grew over 40% from the previous year, while cross-border payment volume increased by over 62%. Business models have also diversified, with over 9,000 Japanese businesses selling subscriptions via Stripe Billing last year.
Stripe supports some of the top companies in Japan including Toyota, ANA Group, and ORIX. Globally, Stripe processes over $1.4 trillion of payments annually.