Visa and Stripe Form Partnership To Boost Online Payments Technology
Visa, a global financial institution, and Stripe, an online payments services provider, announced a strategic partnership that will bring several enhancements for merchants, sellers, developers and buyers.
In line with Stripe’s plan to expand to various international markets, the startup hopes to leverage the Visa brand through its well-known acquiring and issuing financial partners.
“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 globally.”
The timely partnership is designed to support initiatives that both parties can benefit from, including seamless “buy buttons” and other new features that enrich the online payments experience. To facilitate such projects, Visa will provide Stripe with a range of robust development tools.
Stripe will be one of the first beta partners to receive early access to the institution’s APIs and SDKs. The program opens up useful payments tools and security options for the startup’s thriving development community. Through the access, groups will also get to work with Visa’s tokenization service.
“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 the potential.”
Visa is one of the largest payments and financial technology institutions in the world with an extensive presence in over 200 countries. To nurture its long-term goals and the newly formed collaboration, the firm has made an investment in Stripe.