Stripe Issuing Launches in 20 European Countries

Stripe, the online payment processing company, announced the rollout of Stripe Issuing in 20 European countries. Stripe Issuing enables users to manage, create, and distribute physical and virtual cards. This will ensure that companies have additional control over their finances and how they spend their money. 

Strengthening foothold in Europe

As per the official announcement, businesses in Europe will help European businesses to create and distribute cards. Following the success of Stripe Issuing across the Atlantic in the U.S., Stripe continues to lay the foundation for a robust market presence across Europe. 

Stripe Issuing has been launched in Belgium, France, Finland, Estonia, Cyprus, Austria, Greece, Ireland, Germany, Lithuania, Latvia, Malta, the Netherlands, Italy, Spain, Slovakia, Portugal, Slovenia, and the UK. 

Following the announcement, Matt Henderson, EMEA Business Lead, Stripe, said that the process of creating and distributing new cards has always been challenging in Europe, and only limited companies were doing it efficiently. 

He said that creating and shipping new cards would take months in Europe, and with Stripe Issuing, it will only take two days. 

SEE ALSO: Stripe Valuation Reaches $95 Billion after Recent Fundraising

More about Stripe Issuing

The fintech firm also clarified that companies will now be able to create branded cards on Stripe’s Dashboard. While the company promises to deliver physical cards within two business days, virtual cards will be issued instantly. 

The cards created using Stripe Issuing can be controlled programmatically and managed by Stripe Issuing’s very own API. Besides, Stripe Issuing can be easily integrated with its wide spectrum of products. 

These integrations will allow users to manage their cards by issuing programs alongside fraud prevention, payments, invoices, recurring bills, and analytics. 

Currently, Stripe Isussing is fully operational at a large scale in the U.S. The service has played an important role in powering billions of dollars of payments for hundreds and thousands of companies. 

Companies with existing card issuing programs such as Ramp, Flexshopper, and Klarna have signed onto Stripe. 

Stripe’s recent expansion

In the first week of April, Stripe announced the launch of its services in the United Arab Emirates (UAE). The fintech company also touched upon its plans of opening an office in Dubai Internet City. 

In recent months, Stripe has successfully raised $ 600 million to facilitate its growth across Europe. 

Image Source: Stripe

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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