Amazon ‘significantly’ expanding use of Stripe payments platform
Amazon is deepening its longstanding partnership with Stripe.
Stripe and Amazon have signed an expanded global agreement under which the e-commerce giant will “significantly expand” its use of Stripe’s core payments platform, and Stripe will expand its use of Amazon Web Services (AWS) to run and grow its business.
Under the new agreement, Stripe will become a strategic payments partner for Amazon in the United States, Europe and Canada, processing a significant portion of Amazon’s total payments volume. Stripe will be used across Amazon’s business units, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime and more.
Amazon started using Stripe in 2017 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,” said Max Bardon, VP of payments, Amazon. “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.”
AWS
Stripe has long relied on AWS to provide the core compute infrastructure on which Stripe is built. The partnership has allowed Stripe to increase developer productivity and accelerate product development even as Stripe has scaled to support millions of internet businesses around the world.
Under the new expanded agreement, Stripe will continue to expand its AWS footprint by taking advantage of AWS’s expanding suite of services, including Graviton for efficiency and performance in data processing, and Nitro enclaves to enhance data security.
“Stripe has entrusted AWS with their core operations for over a decade—and we take that responsibility seriously,” said Adam Selipsky, CEO of Amazon Web Services. “In expanding our partnership, we’re honored to do our part supporting Stripe’s continued global growth for years to come.”
Added David Singleton, chief technology officer of Stripe: “We couldn’t run without AWS—and we wouldn’t want to. 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.”