Online-payments provider Braintree Inc. hopes to add international clients to its customer list during the third quarter.
Braintree plans to offer its services across the globe, providing the same infrastructure that U.S. clients use for Web-based businesses, the Chicago-based online and mobile payments gateway company announced June 5.
Braintree will target merchants of all sizes in 30 countries, offering access to its international payment service in private beta testing over the next few months, the company stated in a press release.
By expanding services to international clients, Braintree expects to remove barriers to launching a business that have plagued e-commerce startups around the world, the company stated. Merchants in countries outside of the U.S. often lack updated technology needed for online payments, Braintree said.
“Online entrepreneurship is one of the most powerful forces for growth in today’s global economy,” Braintree CEO Bill Ready said in the press release.
Braintree disrupted the U.S. payments industry by making payments easier for developers to integrate with websites in minutes instead of months, Ready added.
“We’re now disrupting the global payments industry by providing international start-ups with the same technology available to the best U.S. and multinational e-commerce merchants,” Ready said.
Braintree allows U.S. and multinational companies to accept payments in more than 130 currencies, and it processes more than $4 billion in credit card transactions each year, including nearly $1 billion in mobile payments, the company stated.
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