Visa has made a financial investment in Stripe as part of the new alliance which will allow Stripe to accelerate its international expansion, particularly in emerging markets, accessing Visa’s global footprint through its acquiring and issuing partners.
Visa executive vice president, innovation and strategic partnerships, Jim McCarthy said that working together, the companies will enable a global payments solution for new ecommerce experiences like ‘buy buttons’ and other new innovations to come.
Visa says Stripe will also be one of the first beta partners to connect to its network capabilities via APIs and SDKs, offering their developer community access to payment and risk management services, Visa’s tokenisation service and security technologies.
McCarthy said “given the explosive growth of new commerce experiences enabled by a global developer community, Visa is expanding its strategic relationships across the payments ecosystem.”
“We are very excited to work with Stripe and leverage our combined assets to broaden our offering to new types of merchants and developers globally.”
Stripe CEO and co-founder Patrick Collison said Stripe aims to give developers the tools they need “to create the most secure and novel buying experiences.”
“Our partnership with Visa will accelerate our ability to expand to markets around the world, and give developers even more control over the end-to-end experience. We’re very excited about the potential.”