Visa’s Visa has teamed up with mobile and online payment provider Stripe to introduce new technologies, such a “buy buttons”, and online payment experiences for merchants, developers and consumers worldwide.
Through its Visa association, 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.
The companies will enable a global payments solution for new ecommerce experiences like “buy buttons” and new innovations to come. The news comes only days after Visa unveiled its new new 100,000 square feet technology center is part of the Bagamne World Technology Center, a 70-acre campus in the heart of India’s IT corridor, in Bangalore (pictured).
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 globally.”
“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.”
