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.
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September 12, 2023
On the wires
Wix Launches Tap to Pay on Android to Make In-Person Commerce Easier for U.S. Merchants with Stripe
PR Newswire
August 8, 2023
On the web
Stripe Report Finds Businesses are Racing Across Borders with Digital Trade
Stripe
August 2, 2023
On the web
Stripe Launches Tax for Platforms, Expanding Easy Tax Compliance to Millions More Businesses
Stripe
July 14, 2023
On the wires
Tulip and Stripe Join Forces to Revolutionize Retail Payments
PR Newswire
June 23, 2023
On the web
Google Workspace Integrates Stripe to Help Businesses Accept Payments in Google Calendar
Stripe
June 21, 2023
On the web
Stripe Report Finds the Subscription Economy is Growing Despite Headwinds
Stripe
June 2, 2023
On the web
Fintech Giant Stripe is Getting into the Credit Game
TechCrunch
May 19, 2023
On the web
Airbnb Teams Up with Stripe to Boost Bank Payments
IBS Intelligence
May 4, 2023
On the web
Uber Expands Partnership with Stripe to Enhance Payments Performance
IBS Intelligence
May 3, 2023
On the web
Stripe, a Longtime Partner of Lyft, Signs a Big Deal with Uber
TechCrunch
March 30, 2023
On the wires
Payment Platform Regpack Announces Partnership with Stripe to Expand Support for International Currencies
PR Newswire
March 16, 2023
On the web
Stripe and OpenAI Collaborate to Monetize OpenAI’s Flagship Products and Enhance Stripe with GPT-4
Stripe
March 6, 2023
On the wires
Wix and Stripe Bring Tap to Pay on iPhone to U.S. Merchants
PR Newswire
January 27, 2023
On the wires
Stripe Hires Goldman, JP Morgan to Explore Listing and Private Share Sale
Reuters
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
Cointelegraph
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
Blockworks
“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
“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”
AltFi
“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
“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
“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
“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
TechCrunch
“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
Coindesk
“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
CNBC
“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.”
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