Stripe to launch new bank transfer proposition in UK

Payments giant Stripe is launching a new bank transfer proposition in the UK and other markets, which it says will erase  “the operational pain of receiving and manually reconciling transfers” for businesses.

StrIpe’s new offering, already launched in Japan, is now being rolled out in the  UK, EU and Mexico.

Fundamentally, it automates all reconciliation and says it creates a simplified refund process.

Read more: AltFi