Hopes for region's Internet economy: Booming online marketplaces despite trade barriers

Stripe chief business officer Billy Alvarado believes that South-east Asia's Internet economy will continue to boom as consumers have started to show a strong preference for online marketplaces that bring in different kinds of sellers who are also pa
Stripe chief business officer Billy Alvarado believes that South-east Asia's Internet economy will continue to boom as consumers have started to show a strong preference for online marketplaces that bring in different kinds of sellers who are also participating actively in that space.PHOTO: COURTESY OF STRIPE

Online marketplaces will boom in spite of protectionism, trade barriers, says expert

The region's Internet economy will grow with the right infrastructure and support in spite of rising protectionism and trade barriers, said Stripe chief business officer Billy Alvarado.

Mr Alvarado, whose firm creates payment systems for online businesses, noted that the digital economy helps small firms in particular to grow and take their products to new markets across borders.

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A version of this article appeared in the print edition of The Straits Times on June 10, 2019, with the headline 'Hopes for region's Internet economy'. Print Edition | Subscribe