A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

Search Payment News

January 27, 2023

On the wires

Stripe Hires Goldman, JP Morgan to Explore Listing and Private Share Sale


Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters. The move, communicated to Stripe employees in an internal memo earlier on Thursday, would give them an opportunity to sell shares in the company either to private investors or in a public market, the sources said.

January 26, 2023

On the web

Crypto-Friendly Stripe Weighs Public Offering: Report


Internet payment processor Stripe is reportedly eyeing a public offering and has set a 12-month timeline to explore the possibility. Stripe has hired Goldman Sachs and JPMorgan Chase to advise on the feasibility and timing of a public-market debut, according to a Jan. 26 report by The Wall Street Journal. A source with knowledge of the matter told the Journal that Stripe's executives will either take the company public or allow employees to sell shares in a private transaction.

January 23, 2023

On the web

Stripe Signs Deal to Process More of Amazon’s Payments

The Irish Times

Irish-founded payments technology company Stripe has signed an expanded deal with Amazon that will see the fintech process more of the online retailer’s payments. The new agreement will see Stripe become a strategic payments partner for Amazon in the US, Europe and Canada, processing payments for Prime, Audible, Kindle, Amazon Pay, Buy With Prime and other Amazon services. That accounts for a significant part of Amazon’s total payments volume.

December 2, 2022

On the web

Stripe Enables Fiat-to-Crypto On-Ramp


“Global payments processing company Stripe is launching its own fiat-to-crypto on-ramp, allowing customers to exchange dollars for cryptocurrencies. Stripe’s new transactions solution is billed as a customizable widget, which can be directly embedded within different DeFi platforms.  The most common way to on-ramp fiat-to-crypto today is to purchase cryptocurrencies through a centralized exchange — including the likes of Coinbase, Binance, Kraken and the recently deceased FTX. To partake in DeFi, one then transfers the cryptocurrency to a third-party wallet. As a major payments processor for prominent Web2 companies, such as Apple and Walmart, Stripe’s decision to step further into the crypto world during a time when centralized exchanges are under heightened scrutiny can help DeFi become more accessible to mainstream consumers.”

November 3, 2022

On the web

85+ Stripe Statistics – Growth, Revenue and Market Share

Enterprise Apps Today

“Stripe Statistics: Online shopping, online education, and online subscription all of these have made payments to turn online. Almost everyone in the world today used online payment to pay their merchants/ businesses. Stripe is one of the most used digital payment intermediaries which helps businesses to receive payments from customers. These kinds of flexible methods are helping businesses grow on an international level. In this stripe statistics, we will have a look at the strip’s features and products, with their benefits. Stripe statistics will also have insight into general numbers along with a comparison between Stripe and Google Pay.”

October 26, 2022

On the web

Stripe Launches in Thailand

Stripe Newsroom

“Today Stripe announced its general availability in Thailand, where its financial infrastructure platform will help solve the complex payments issues facing Thai businesses. “Thailand’s digital economy is one of the fastest growing in Southeast Asia. However, moving money on the internet remains incredibly complicated and cumbersome,” said Tee Chayakul, Thailand country director at Stripe. “We want to remove these barriers with financial infrastructure that helps ambitious businesses increase their revenue, automate low-value tasks, and expand internationally.” Thousands of companies in Thailand have already signed up on Stripe during a beta phase over the past year. They include the online property platform Baania, leading luxury furniture retailer Chanintr, holiday resort Coconut Beach Bungalows, accounting software platform FlowAccount, and digital creator platform Storior.”

July 27, 2022

On the web

Klarna’s Fall From Grace Calls Into Question Unicorn Board Valuations

Crunchbase News

“The explosive growth in value and funding for startups on The Crunchbase Unicorn Board appears to be leveling off as 32 companies joined in June, adding $49 billion in value and $7.7 billion in funding to the board. In addition, payment fintech Klarna’s massive downround this month calls into question the board’s $4.6 trillion value in June, as Klarna is now poised to topple from its heady No. 6 spot. Klarna shed $39 billion in value from the board with its most recent $800 million funding that valued the company at $6.7 billion. Klarna is now valued below Europe-based online payments integrators Checkout.com, Rapyd and point of sale payments SumUp, but valued above payments integrator Mollie. This 86% drop also calls into question many highly valued unicorns on the board.”

July 7, 2022

On the web

Revolut Adds Stripe to Accelerate Global Expansion


“Stripe, a financial infrastructure platform for businesses, today announced that Revolut will use Stripe to support payments in the UK and Europe and accelerate its expansion into new markets. Founded in 2015, Revolut has rapidly become one of Europe’s great fintech success stories. After launching in the UK with money transfer and exchange services, the company now offers dozens of products—from accounts and insurance, to trading and invoicing—that improve money management for 18 million customers and 500,000 businesses in more than 200 countries and territories.”

June 21, 2022

On the web

Stripe to Launch New Bank Transfer Proposition in UK to Take Away “Operational Pain”


“Payments giant Stripe is launching a new bank transfer proposition in the UK and other markets, which it says will erase  “the operational pain of receiving and manually reconciling transfers” for businesses. Bank transfers, which have been in existence since 1871 when Western Union added money transfers to its telegram service, are still one of the most common ways to send money today. According to Stripe, in Europe more than $4trillion in bank transfers is processed each year. But the current process, says Stripe, is filled with “friction”- pointing to businesses losing hundreds of hours on confirming transfers, reconciliation and accounting, and refunds.  StrIpe’s new offering, already launched in Japan, is now being rolled out in the  UK, EU and Mexico. Fundamentally, it automates all reconciliation and says it creates a simplified refund process.”

May 31, 2022

On the web

Affirm and Stripe Partner to Help Businesses Grow Their Revenue


“Affirm, the payment network that empowers consumers and helps merchants drive growth and Stripe , a financial infrastructure platform for businesses, announced a strategic partnership that makes Affirm’s Adaptive Checkout™ available to Stripe users in the U.S. today. Adaptive Checkout uses Affirm’s smart decision engine to make a real-time underwriting decision and offer consumers optimized bi-weekly and monthly pay over time options side-by-side.”

Stripe Launches Stripe Apps to Help Businesses Build or Discover Tools That Work Seamlessly with Stripe


“Stripe, a financial infrastructure platform for businesses, today released Stripe Apps and the Stripe App Marketplace. As an ecosystem of popular third-party tools, Stripe Apps addresses a fundamental challenge for growing businesses and meets a top request from Stripe users. To compete in the internet economy, businesses utilize a wide variety of software tools. Even if they’re using Stripe to process payments, they might use separate tools to send a refund confirmation and close out the associated customer support ticket. While these tools are helpful, they introduce the friction of manual coordination and the potential for human error as users switch between them. Stripe Apps unites many of the tools that businesses rely on, making it easier to complete common tasks in one place.”

Stripe Introduces Data Pipeline to Help Users Sync Their Data with Amazon Redshift and Snowflake Data Cloud


“Stripe, a financial infrastructure platform for businesses, today announced the release of Stripe Data Pipeline, a tool for Stripe users who store data with Amazon Redshift or Snowflake Data Cloud. Data Pipeline syncs Stripe data and reports with Amazon Redshift or Snowflake Data Cloud, where they can be queried in combination with other business information. Businesses can use their consolidated data to speed up their financial close and automate reporting to better identify key insights about their business, like their best performing payment methods or their optimal fraud modeling approach for a given region.”

May 25, 2022

On the web

Stripe Launches App Marketplace, Scripts and Tools Incorporating Third-Party SaaS Apps That Work Alongside Stripe


“Stripe, the payments upstart now valued at $95 billion, has been launching a number of new products to expand beyond the API that helped make its name, to build out its position as a platform for financial services and related business infrastructure. The latest of these is making its debut today: App Marketplace, as the new service is called, is a new offering where Stripe will both provide access to third-party apps, as well as scripts created by app publishers, users and Stripe itself, that incorporate those apps with Stripe. It potentially represents its biggest leap yet away from payments.”

May 4, 2022

On the wires

Stripe Introduces Financial Connections to Help Businesses Connect to Their Customers’ Bank Accounts

“Stripe, a financial infrastructure platform for businesses, today launched Stripe Financial Connections, enabling businesses to establish direct connections with their customers’ bank accounts that power a wide range of financial processes. Businesses can use Financial Connections to verify accounts for payments and payouts, check balances to reduce payment failures, and cut fraud by confirming bank account ownership.”

April 22, 2022

On the web

Fintech Giant Stripe Jumps Into Crypto With a Feature That Lets Twitter Users Get Paid in Stablecoin


“Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will start offering merchants the ability to make payouts in crypto through the stablecoin USDC, which is issued by crypto firm Circle. Stablecoins are tokens that are pegged to fiat currencies to maintain a stable price. In USDC’s case, as the name suggests, the cryptocurrency is backed by the U.S. dollar.”

April 18, 2022

On the wires

Stripe Launches Konbini and Furikomi, Deepening Investment in Japan

“Stripe, a financial infrastructure platform for businesses, today announced that it supports two important forms of payments in Japan: Furikomi, a highly popular bank transfer method, and Konbini, the ubiquitous convenience store payment option. Now through a single integration, businesses of all sizes can use Stripe’s platform to accept Furikomi and Konbini payments, in addition to credit and debit cards. The expansion further accelerates Stripe’s growth plans in Japan.”

April 14, 2022

On the web

Stripe Teams up With Major Tech Companies to Commit $925 Million Toward Carbon Capture


“Online payments-technology provider Stripe is teaming up with several other companies, including Google parent Alphabet and Facebook parent Meta , to commit nearly $1 billion in spurring the carbon-capture market. On Tuesday the companies announced the creation of Frontier , which plans to purchase $925 million worth of permanent carbon removal from companies that are developing the technology over the next nine years.   Frontier will be a wholly owned subsidiary of Stripe. Alphabet, Meta, e-commerce platform Shopify and consulting giant McKinsey are chipping in — and committing to purchase some of the carbon-capture solutions.”

March 25, 2022

On the web

Inside Stripe’s Second Shot at Crypto

American Banker

“Stripe is adding several cryptocurrency services for businesses, breathing new life into a strategy it abandoned just four years ago. The San Francisco-based payment company recently debuted global payment solutions for Web3 , including application programming interfaces to allow users to buy and store crypto tokens and process cryptocurrency payments. Web3 refers to blockchain-powered technology such as decentralized finance (DeFi) and digital token transactions.”

March 18, 2022

On the wires

Stripe Wins Deal With Blockchain.com

“Stripe, a technology company building financial infrastructure for the internet, today announced that Blockchain.com has chosen Stripe to facilitate payments, mitigate fraud risk, and improve revenue management. Founded in 2011, Blockchain.com was one of the early infrastructure pioneers of the Bitcoin community. As of January 2022, 37 million verified users from nearly every country had used the platform to create more than 80 million crypto wallets and complete more than $1 trillion in crypto transactions.”

January 24, 2022

On the wires

Stripe Terminal accelerates global momentum as consumers around the world return to in-person shopping

“Today, internet first retailers including Buck Mason, Castlery , Glossier, and Warby Parker are using Stripe to power transactions across both brick-and-mortar and online storefronts in a single unified tech stack. Using Terminal with Stripe Connect , platforms like Lightspeed , Mindbody , Shopify, and Wix provide their business users with the capability to accept in-person payments.”

December 17, 2021

On the wires

November 23, 2021

On the web

Stripe Co-founder Says the $95 Billion Fintech Giant Is ‘Very Happy’ Staying Private


“Collison’s comments come after a Bloomberg report said that Stripe was in early talks with investment banks about going public as early as next year. Collison said the firm has plans to expand across the Persian Gulf, which includes countries like the United Arab Emirates, Qatar and Saudi Arabia. Stripe already has clients from $7.5 billion food delivery firm Deliveroo to a small gymwear brand called Squatwolf using it to process payments in the region, he added.”

October 12, 2021

On the web

August 31, 2021

On the web

Stripe Deepens Partnership With UnionPay

Finextra Research

“Stripe, a technology company that builds economic infrastructure for the internet, has deepened its partnership with China’s UnionPay International, one of the world’s largest payment networks. The integration will enable businesses in more than 30 markets, including Australia, Singapore, Hong Kong SAR, Canada, the United States, the United Kingdom, as well as across the European Union…”

July 30, 2021

On the web

Stripe Must Face Consumer Privacy Claims Over Data on Purchases

Bloomberg Law

“Stripe Inc. must face claims from consumers that the payment processing platform invaded their privacy under California law by collecting data on purchases and sharing it with merchants and customers. The potential consumer class action can proceed with certain privacy claims brought under the state’s constitution, common law, and unfair competition law, according to a Wednesday order from the U.S. District Court for the Northern District of California. The court order rejected additional claims made under the California Invasion of Privacy Act and other privacy laws in Florida and Washington.”

June 21, 2021

On the wires

Aria Systems Partners With Stripe to Offer Enterprise Clients Additional Payment Processing Options

Aria Systems , the leader in helping enterprises grow subscription and usage-based revenue, today announced a partnership with Stripe , the global technology company that builds economic infrastructure for the internet, to jointly provide large enterprises across multiple industries another option to meet their payment processing needs. Through this partnership, Aria expands its roster of payment partners while the two companies can offer enterprise clients another reliable and secure option for processing payments worldwide.”

June 14, 2021

On the web

WSJ News Exclusive | Investors Clamor for a Bigger Piece of Payments Company Stripe

Wall Street Journal

“Stripe Inc. has yet to go public, but investors are still craving a piece of it. The company, which processes payments for e-commerce businesses, recently offered investors the chance to acquire sizable stakes in the company from existing shareholders, including current and former Stripe employees, according to people familiar with the transaction. Bids from those investors exceeded $4 billion, some of the people said. But only about $1 billion of those bids were filled, one of the people said, suggesting that many current Stripe shareholders believe their stock has a long way to climb. Among the largest buyers were mutual-fund giant Capital Group Cos., venture-capital firm Sequoia Capital, e-commerce company Shopify Inc. and buyout firm Silver Lake, some of the people said.”

June 10, 2021

On the wires

Stripe Newsroom: Stripe Launches Stripe Tax to Simplify Global Tax Compliance for Businesses

“Stripe, the technology company building economic infrastructure for the internet, today announced the launch of Stripe Tax to help businesses automatically calculate and collect sales tax, value-added tax (VAT), and goods and services tax (GST) in over 30 countries*. Stripe Tax makes every aspect of global sales tax handling as frictionless as the rest of Stripe. It automates tax calculation and collection for transactions on Stripe, tells businesses where they need to collect taxes, and creates comprehensive reports to make filing taxes easy.”

April 27, 2021

On the web

Stripe Acquires TaxJar to Add Cloud-based, Automated Sales Tax Tools Into Its Payments Platform


Stripe , the privately-held payments company now valued at $95 billion , has made an acquisition to expand the range of tools (and services) that it provides to online businesses. It has acquired TaxJar , a popular provider of a cloud-based suite of tax services, which can be used to automatically calculate, report and file sales taxes. One key point about TaxJar is that it works across a number of geographies and the many different sales tax regimes that each uses — a complex area for a lot of companies that do business online.”

April 19, 2021

On the wires

Stripe Newsroom: Stripe Issuing Launches in Europe

“Today, Stripe launched Stripe Issuing in Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain, and the UK. Stripe Issuing enables users to create, manage, and distribute virtual and physical payment cards, giving businesses more control over how they spend their money. Whether it be an on-demand delivery marketplace giving couriers cards to pay for orders, or a car rental company providing cards for drivers to purchase petrol, Stripe Issuing puts businesses in complete control of how, where, and when their money is spent.”