Visa makes strategic investment in Stripe to support international
SAN FRANCISCO--(BUSINESS WIRE)--Jul. 28, 2015--
Visa Inc. (NYSE:V) and Stripe, a mobile and online payment provider,
today announced a strategic partnership to support new technologies and
online payment experiences for merchants, developers and consumers
worldwide. Through this relationship, Stripe will accelerate its
international expansion, particularly in emerging markets, accessing
Visa’s global footprint through its acquiring and issuing partners. To
support this growth and joint long-term initiatives, Visa has also made
a strategic investment in Stripe.
Working together, the companies will enable a global payments solution
for new ecommerce experiences like “buy buttons” and new innovations to
come. Stripe will also be one of the first beta partners to connect to
Visa’s network capabilities via APIs and SDKs, offering their developer
community access to payment and risk management services, Visa’s
tokenization service and security technologies. With this joint effort,
Visa and Stripe will offer an expanded set of capabilities to the
developer community and the payment ecosystem worldwide.
“Given the explosive growth of new commerce experiences enabled by a
global developer community, Visa is expanding its strategic
relationships across the payments ecosystem,” said Jim McCarthy,
executive vice president, innovation and strategic partnerships, Visa.
“We are very excited to work with Stripe and leverage our combined
assets to broaden our offering to new types of merchants and developers
“Stripe aims to give developers the tools they need to create the most
secure and novel buying experiences,” said Patrick Collison, CEO and
co-founder of Stripe. “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
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company that connects
consumers, businesses, financial institutions, and governments in more
than 200 countries and territories to fast, secure and reliable
electronic payments. We operate one of the world’s most advanced
processing networks — VisaNet — that is capable of handling more than
56,000 transaction messages a second, with fraud protection for
consumers and assured payment for merchants. Visa is not a bank and does
not issue cards, extend credit or set rates and fees for consumers.
Visa’s innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, ahead of time with
prepaid or later with credit products. For more information, visit usa.visa.com/about-visa,
View source version on businesswire.com: http://www.businesswire.com/news/home/20150728005499/en/
Source: Visa Inc.
Amanda Pires, +1