Payments News

Companies

Stripe built a payments powerhouse by focusing on e-commerce. Now it’s following its customers into bricks and mortar.

“The San Francisco-based upstart, founded in 2010 by brothers Patrick and John Collison, is hoping to make a big splash into brick-and-mortar retail next and is unveiling a new product called Stripe Terminal that it believes will take it there. The new offering, fueled by the acquisition earlier this year of a software startup called Index, aims to make Stripe a payments solution for fast-growing internet businesses that sell products and services in person as well as online — a trend that has gained momentum in the past couple of years.”