back Back

Amazon & Stripe to power retail payments in Australia and Canada

By Gloria Mathias

March 27, 2024

  • Amazon
  • Amazon Pay
  • Audible
Share

stripe, Amazon, Just Walk Out Technology, Fintech News, Fintech Solutions, Fintech APAC , Australia, Canada, Shopping Payments, Merchant Payments, Stripe, a financial infrastructure platform for businesses, has announced an expansion of its Amazon partnership by powering payments for retailers using Just Walk Out technology in Australia and Canada.

Amazon’s Just Walk Out technology is designed to be an effortless shopping experience. The guest enters the store by using their credit card or mobile wallet at the entry gate. The technology detects what shoppers take from or return to shelves and creates a virtual shopping session. When the guest completes the shopping experience, they can simply leave the store without waiting in line. Their chosen payment method gets charged for the items taken.

Merchants in Australia and Canada have already been using Stripe Terminal’s WisePad3 reader attached to physical entry gates, and Stripe automatically processes the payment after the guest leaves. With this collaboration, Stripe Terminal will enable in-person payments for retailers using Just Walk Out technology. Hence, Amazon will use Stripe Connect to route payments from shoppers to businesses.

Stripe Connect will programmatically route payments from shoppers directly to businesses using Just Walk Out technology. Amazon will continue to benefit from API reliability on Stripe consistently exceeding 99.999% uptime and authorization rates that remain high during peak shopping periods.

“The only thing better than a speedy checkout is no checkout at all. I’m thrilled that Stripe is powering Amazon’s Just Walk Out technology payments,” said Eileen O’Mara, chief revenue officer at Stripe. “With Stripe Terminal and Connect, merchants using Just Walk Out technology will benefit from the same reliability that ensures millions of successful transactions on Amazon.”

In addition to Just Walk Out technology, Stripe serves as a strategic payment partner for multiple lines of Amazon business, such as Prime, Audible, Kindle, Amazon Pay, and more.

Previous Article

March 27, 2024

GMO Financial Gate & Soft Space to boost Japan’s cashless payment sector

Read More
Next Article

March 27, 2024

Zando.co.za & 1Voucher team to expand payment options in South Africa

Read More








IBSi Daily News Analysis

payment check out, Open Banking

April 23, 2024

Amazon

UAE retailers lose millions annually on payments fraud; consumers’ wallets impacted

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

British Caribbean Bank selects Finastra to transform its core technology

Read More

Today

Klarna & Expedia team to offer flexible payments in the US

Read More

Today

Careem Pay expands international remittances to the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023