Stripe and Amazon have announced an expanded global partnership.
Under the new agreement, Stripe becomes a strategic partner for Amazon in the US, Europe, and Canada, processing a “significant” portion of the e-commerce giant’s total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, and Buy With Prime.
Stripe will also expand its use of AWS, the firm’s cloud infrastructure provider.
Amazon started working with the FinTech in 2017 as it looked to accelerate market expansion in Asia and Europe, and support Prime Day, Black Friday, and Cyber Monday purchases around the world.
“Stripe has been a trusted partner, helping accelerate our business at every turn,” says Max Bardon, Vice President of Payments, Amazon.
“In particular, we value its reliability. Even during peak days like Prime Day, Black Friday, and Cyber Monday, Stripe delivers industry leading uptime. We appreciate its relentless commitment to putting users first.”
Stripe, meanwhile, will continue to expand its AWS footprint and tap such services as Graviton for efficiency and performance in data processing, and Nitro enclaves to enhance data security.
“We couldn’t run without AWS, and we wouldn’t want to,” says David Singleton, Chief Technology Officer at Stripe.
“AWS is our customers’ first choice. The platform gives us enormous developer leverage, which we then deploy in service of our users. As we look at the decade ahead, it’s clear the best path forward for us and for our users is to partner more closely with Amazon.”
“Stripe has entrusted AWS with their core operations for over a decade, and we take that responsibility seriously,” says Adam Selipsky, CEO at Amazon Web Services.
“In expanding our partnership, we’re honoured to do our part supporting Stripe’s continued global growth for years to come.”