Amazon and Stripe have reportedly commune to partner their FinTech resources to accelerate their payment solutions as service operations across Eurasia, Africa, Asia, Europe, and America. Both FinTech giant announced their partnership to penetrate the global market with Stripe at the frontline to cross country and go international aided by a cloud network.
Amazon Pay is optimal for the US tech company to integrate with the Stripe FinTech network to easily reach the global market. The partnership with Stripe has influenced the tech giant to focus its cloud service solutions on Amazon Web Service (AWS) as the deal demands to boost Stripe.
Amazon vice President Max Bardon confirmed the partnership will warrant his conglomerate tech options to optimize virtual machine infrastructure from AWS to compute vast payment transactions conducive for billions of customers.
Bardon said, “Stripe has been a trusted partner, helping accelerate our business at every turn. 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.”
Recall that Stripe and Amazon Pay has reportedly influenced the FinTech ecosystem with lucrative business to penetrate the European and Asian market. However, 2017 was the genesis of the FinTech giants’ partnership — the collaboration focused on using Stripe payment solutions to network significant Amazon operations such as Cyber Monday, Prime Day, and Black Friday.
These days are reserved to celebrate online shoppers, especially Amazon customers — both new and loyal patrons.
For context, Stripe chief technology officer, David Singleton confirmed Bardon’s comments about their FinTech partnership deal. Stripe will focus its FinTech network to offer payment solutions to Amazon customers based in Asia, Europe and America regions. Amazon Pay will contribute its standalone penetration into other regions of the Earth.
“Stripe 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 our users is to partner more closely with Amazon,” Singleton said.
Stripe will continue to be dependent on AWS virtual machines for computing large account records without contradicting its FinTech policy. Stripe is keen on accelerating its product development in service to the global market. AWS and Stripe will continue to penetrate the operational marketplace while Amazon considers integrating AI technology with its cloud service to accelerate productivity in future.