Stripe has become a strategic payments partner for Amazon in the US, Europe and Canada, and will expand its use of Amazon Web Services (AWS), in an extension of their existing partnership.
Under a new agreement, Stripe will process “a significant portion” of Amazon’s total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay and Buy With Prime.
Amazon first began using Stripe in 2017, as it eyed further expansion in Asia and Europe.
Now, the two companies have signed an expanded global agreement, under which Amazon will “significantly expand” its use of Stripe’s core payments platform and AWS will continue as its cloud infrastructure provider.
Up until now, Stripe’s partnership with AWS has increased developer productivity and helped accelerate product development as the payments platform scaled.
Under the new agreement, Stripe said it will continue to expand its AWS footprint and to “transform global commerce by taking advantage of AWS’s rapidly-expanding suite of services”.
Max Bardon, vice president of payments at Amazon, called Stripe “a trusted partner”.
“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,” Bardon said.
David Singleton, chief technology officer at Stripe, added: “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.”