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Platform for Composable Commerce Spryker displays a Stripe symbol.

April 04, 2024
3 Min Reads

Spryker has announced the availability of Stripe on the Spryker App Composition Platform. Stripe is a financial infrastructure platform for organizations. Spryker is the foremost composable commerce platform for advanced use cases in B2B, Enterprise Marketplaces, and IoT Commerce.

These days, businesses may easily conduct business with clients anywhere in the world with a few clicks. Faster go-to-market in new markets, more developer resources for other company goals, and streamlined internal financial procedures are all made possible by the Stripe connection.

Businesses may enable Stripe in new regions globally with a single click, which accelerates go-to-market time and facilitates global expansion. Additionally, Spryker oversees Stripe app maintenance, so businesses can be sure they always have the most recent, safest version of the program. Businesses can devote more time and resources to other business goals as less development resources are required for the implementation and upkeep of the payment service provider (PSP).

 

According to Boris Lokschin, co-founder and CEO of Spryker, "enterprises require business agility to compete globally with volatile markets and changing customer needs." "Using a cutting-edge payment solution like Stripe will give businesses the flexibility and advantage they need to adapt to changing consumer and market demands in new markets with minimal effort."

Businesses can use the same Stripe integration to streamline their own operations in addition to providing a top worldwide PSP for their clients. More than 40 different payment methods are supported by Stripe's Payment Element, and its streamlined checkout suite has helped businesses grow their revenue by an average of 10.5%.

 

Businesses can also benefit from the Stripe application's out-of-the-box and modular features, which allow for a high degree of flexibility and a quicker time to market. Self-built and out-of-the-box features complement one another to create a seamless user experience for developers and clients.


"One of the most important aspects of transactions is payment, and we are pleased to provide our international enterprise clients with a smooth and quick integration with Stripe," stated Manishi Singh, SVP of App Composition Platform, Cloud & Technology Partnerships at Spryker. "Stripe's emphasis on enabling international transactions is in line with Sprykers' objective of offering the top modular platform intended for complex transactional enterprises. We have collaborated to create an integration that enables B2B businesses to meet their objectives more quickly.

 

Spryker and Stripe intend to create a pre-built marketplace payment integration with split payments, merchant payout, and merchant PSP onboarding in order to further improve the integration. With these extra composable features, marketplace owners will be able to reduce their total cost of ownership, increase return on investment, and accelerate time to market.

The industry-first trial model offered by the cloud-native Spryker App Composition Platform gives businesses easy access to best-of-breed digital commerce vendors and third-party services. It also covers the software lifecycle and full service level agreement (SLA) for all composed capabilities. By facilitating first connectors with only one click, organizations can immediately assess the value of apps and services on their business without wasting developer days thanks to the Spryker App Composition Platform.

 

The third-party services that the Spryker App Composition Platform offers in a variety of categories, such as payment, business intelligence, analytics, commerce, customer, data integration, marketing, operational cloud, etc., are expanding. These apps include every feature that businesses need for digital commerce. All Spryker Cloud Commerce OS Customers have access to the Spryker App Composition Platform. Go to the App Composition Platform page to learn more.

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