Stripe and Amazon want to fuel the future of ecommerce

Date:
Tue, 24 Jan 2023 10:33:15 +0000

Description:
Partnership will see Amazon and Stripe work together to boost ecommerce
across the globe.

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Amazon has signed a new agreement with Stripe that will see the former's ecommerce platform rely more heavily on the latter's payment processing technology, in turn providing it with AWS compute infrastructure to help support its operations.

Amazon has already been using Stripe to accelerate market expansion in Europe and Asia for around half a decade, alongside using the tool to support payments for major events like Prime Day, Black Friday, and Cyber Monday, leading the shopping platform to recognize Stripes integrity at peak times.

A refreshed partnership is set to see the two companies cooperate even further, thus leading to what they hope will be a better online shopping experience worldwide. Amazon using Stripe

"We value Stripes reliability," Max Bardon, Amazon vice president of
payments, said, "Even during peak days Stripe delivers industry-leading uptime. We appreciate Stripes relentless commitment to putting users first.

Beyond this, director of global payment acceptance and customer experience, Ben Volk, has also recognized Stripes ability to process over 150 local payment methods, helping Amazon to be more reactive in more places. Read more

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The new deal will see Amazon using Stripe as a strategic payments partner in some of its largest markets - the US, Canada, and Europe - accounting for a significant portion of the companys payments. Its set to be used across Amazons numerous operations, including Prime, Audible, and Buy with Prime which recently expanded to more third parties.

In return, Amazon will provide even more of its AWS services to Stripe, which has already enabled the company to boost productivity and development over
the course of more than a decade.

Stripe chief technology officer, David Singleton, said:

As we look at the decade ahead, its clear the best path forward for Stripe
and for our users is to partner more closely with Amazon. Heres our roundup
of the best shopping cart software



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Link to news story: https://www.techradar.com/news/stripe-and-amazon-want-to-fuel-the-future-of-ec ommerce


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