Amazon and Stripe ink deeper partnership

By Daniel Lanyon on Tuesday 24 January 2023

Alternative LendingDigital BankingSavings and Investment

After working together for the past five years, Amazon and Stripe are marking a" new chapter in the two companies’ enduring relationship.”

Amazon and Stripe ink deeper partnership
Image source: Pexels/Ketut Subiyanto

Amazon and Stripe are “deepening” their global partnership, according to a statement by the two firms. 

The pair first started working together in 2017 but will now “ significantly expand” the use of Stripe’s core payments platform for Amazon’s vast e-commerce business. 

In turn, Amazon Web Services (AWS), Amazon’s cloud computing arm will provide  Stripe’s digital infrastructure. 

Stripe will now become a strategic payments partner for Amazon, which recently had high profile dispute with payments giant Visa,  in the US, Europe, and Canada. 

It will now process a significant portion of Amazon’s total payments volume across its various businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime and more.

In a joint release, the new firms said the move “marks a new chapter in the two companies’ enduring relationship.”

Stripe has been a trusted partner, helping accelerate our business at every turn,” said Max Bardon, vice president of payments, at 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.”

“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.”

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