Amazon and Stripe double intensify partnership

Amazon and Stripe are broadening their collaboration with Stripe becoming a strategic payments partner for Amazon in Europe, the US, and Canada. The two companies, who have been working together since 2017, say the partnership will deepen their relationship. This agreement will see Stripe process a significant portion of payments for businesses such as Prime, Audible, Kindle, and Amazon Pay.

Stripe will also make greater use of Amazon Web Services (AWS), the e-commerce giant’s cloud infrastructure platform, to run and expand its business. Stripe’s dependence on AWS has already enabled it to support millions of online businesses at scale. Now, the fintech firm will utilize AWS’s expanding suite of services, including Graviton, which is used to improve data processing performance and efficiency.

Max Bardon, Vice President of Payments at Amazon, commented positively on Stripe’s reliability and its commitment to putting users first. David Singleton, CTO of Stripe, stated that the platform gives Stripe enormous developer leverage and that partnering more closely with Amazon is the best path forward for Stripe and its users. AWS CEO, Adam Selipsky, added that the company takes its responsibility seriously in supporting Stripe’s global growth for years to come.

Stripe has a history of partnering with major players in the industry. Last year, the firm announced a partnership with Revolut to support its global expansion.