In an announcement made today by Stripe, the company has signed an expanded global agreement alongside its longtime partner Amazon. This new deal will see Amazon make more use of Stripe’s payments platform and in turn, Amazon Web Services (AWS) will provide it with “crucial compute infrastructure”.
The Vice President of payments at Amazon, Max Bardon indicated that:
Stripe has been a trusted partner, helping accelerate our business at every turn. In particular, we value Stripe’s reliability. Even during peak days like Prime Day, Black Friday, and Cyber Monday, Stripe delivers industry-leading uptime. We appreciate Stripe’s relentless commitment to putting users first.
The company first started using Stripe’s payment services in 2017 in a bid to expand its market further across both Asia and Europe thus making it easier for people to make purchases during Prime Day, Black Friday, and Cyber Monday sales. Today’s deal will help it tap into larger markets in the US, Europe, and Canada as Stripe is already available, thus making it easier to facilitate these online payments.
“We couldn’t run without AWS—and we wouldn’t want to,” said David Singleton, chief technology officer of Stripe. “AWS is our customers’ first choice. The platform gives Stripe 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 Stripe and for our users is to partner more closely with Amazon.”
Stripe further detailed that AWS will be using its services across its services and products, that is, Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more. On the other hand, Stripe will continue to benefit from Amazon’s crucial computing infrastructure which will expand its AWS footprint ultimately transforming global commerce.