Online payments giant Stripe reports 28% growth in Irish enterprises selling internationally via digital channels
The data found 83 per cent of sole proprietor businesses in Ireland now sell internationally. At the other end of the business spectrum, large traditional enterprises are “leaning into” cross-border expansion as well, the report said. There was 28 per cent growth in Irish enterprises selling internationally via digital channels on Stripe last year.
The trend of increased online trade also extends to consumers, with 83 per cent of Irish people open to the cross-border purchase of physical goods in comparison with 68 per cent globally. The figure rises to 72 per cent when buying digital services. Growth in these types of exports from Australia to Ireland grew 300 per cent in the year, although the report noted the relationship is “nascent” and starting from a relatively small base. It said the increase was driven by the return of travel and tourism.
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