Labware chooses Stripe as strategic payments partner

Stripe, a financial infrastructure platform for businesses, today announced that Labware S.p.A. has chosen Stripe as its strategic payments partner.

The partnership will enable Labware, a leading manufacturer of Point-of-Sale (POS) equipment and software in the hospitality and retail sectors, to provide a streamlined shopping experience for its customers' customers while optimizing Labware's financial operations.

The announcement of the partnership coincides with the launch of Stripe Terminal in Italy. Stripe Terminal enables businesses to unify online and offline payment flows through Stripe's integrated hardware and software. Labware already provides POS equipment for hospitality and retail and, through the integration of Stripe Terminal, companies using Labware's solutions will now be able to merge online and offline payment flows.

Labware's partnership with Stripe also includes the adoption of Stripe Payments and Stripe Connect, which Labware has used to build a new digital experience for customers. Stripe's infrastructure will power the new service “Pay-at-the-table” and Labware's self ordering systems., through which, using a QR code and their phone, customers in restaurants and bars will be able to pay for drinks online without having to leave the table. In addition, Every pay-at-the-table transaction will be protected by Stripe Radar, which detects and stops fraud using machine learning algorithms that rely on data from millions of global companies.

“With decades of experience in the retail and hospitality industries, we are constantly looking for innovative ways to improve service to our customers. By partnering with Stripe, we can now accelerate our users” transition to digital payments, offering them greater efficiency, productivity and improved processes. We are proud to help modernize the retail and hospitality sector in Italy.", stated Giuseppe Rizza, COO Of Labware S.p.A. 

“Digital payments in Italy reached €327 billion in 2021, an increase of 22% compared to 2020. Moreover, with Point-of-Sale technology now mandatory for every physical store in Italy, store managers and owners need better solutions to have a unified view of electronic and cash transactions.” stated Alessandro Astone, Revenue & Growth EMEA, Stripe. “We are excited to launch the service in Italy and to partner with an industry leader like Labware. Stripe Terminal offers the same unified, global coverage for in-store payments that we offer for online payments.”.