Last week, leading payments provider Stripe announced that it had secured a $245 million funding round that valued the company at $20 billion.

That number is more than twice the company’s value two years ago and places Stripe in notable company, including such technology companies as Uber and Airbnb, according to Bloomberg.

Reuters reported that Stripe plans to use the funds from this latest round to expand globally, including in the fast-growing markets of Southeast Asia and India.

As companies operating in the active payments space continue to jockey for market dominance through not only organic growth but also mergers and acquisitions, what does this high valuation mean for Stripe?

According to Rick Oglesby, president of AZ Payments Group, it speaks well of the company’s ability to stand on its own.

“It’s now clear that Stripe will eventually have an IPO at some point; its success and valuation are taking it out of the acquisition market,” he said.

“That’s a good thing not only for Stripe but also for the competitiveness of the payments industry. We aren’t likely to see Stripe swallowed up by a traditional processor; rather, it will stand alone for the long term as a competitor that is capable of grabbing a huge share over time.”

According to Oglesby, Stripe’s recent product announcements are a sign of even more significant growth to come.

“Stripe’s launch of card-present and card issuing products greatly enhances its market potential and therefore its valuation. If it’s able to gain a foothold in either or both of these segments, its valuation will increase dramatically even from these lofty levels,” he said.

Ralph Dangelmaier, CEO of BlueSnap, agrees that the product enhancements are a signal of something bigger ahead for Stripe, saying that “Stripe is trying to be more like Square with its recent investments into POS, cash advance service, issuing cards.”

“Of note, the company’s recently announced ‘Stripe Terminal’ will help it expand its payments infrastructure into the physical world, enabling it to deliver custom payment experiences for in-person transactions, the same way it does for online merchants,” he said. “With part of Stripe’s funding round reportedly going toward ‘product development,’ we can expect more of the same in the years to come.”

Dangelmaier said that it is clear the company has a commitment not only to serving any business regardless of size, but also to expanding worldwide.

“Stripe has historically been known as the payment processor for ‘startups’ and U.S.-centric businesses. However, with global m-commerce sales on the rise, according to the latest eMarketer research, Stripe is smartly taking notice and planning to expand its global presence accordingly,” he said.

As if to support Dangelmaier’s point, the funding news was reported on the same day the company announced it was building a new engineering center in Singapore, supporting the presence it has had there since 2016.