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Visa, Stripe ally to expand online commerce

Visa, Stripe ally to expand online commerce
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Visa Inc. and Stripe, a mobile and online payment provider, have announced a strategic partnership to support new technologies and online payment experiences for merchants, developers and consumers worldwide.
Through this alliance, Stripe will accelerate its international expansion, particularly in emerging markets, accessing Visa’s global footprint through its acquiring and issuing partners, according to the partnering companies.
To support this growth and joint long-term initiatives, Visa has also made a strategic investment in Stripe, the online payment provider says.

[blockquote right=”pull-right”]“Working together, the companies will enable a global payments solution for new e-commerce 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 tokenisation service and security technologies.” [/blockquote]

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Working together, the companies will enable a global payments solution for new e-commerce 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 tokenisation service and security technologies.
With this joint effort, Visa and Stripe say they 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,” Jim McCarthy, executive vice president, innovation and strategic partnerships, Visa says. “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 aims to give developers the tools they need to create the most secure and novel buying experiences,” Patrick Collison, CEO and co-founder of Stripe adds. “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.”
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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

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