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Stripe Crosses $1 Trillion In Total Payment Volume As Consumer-Fueled Debt Binge Reaches New Heights

Stripe announced a milestone in its 2023 annual letter: surpassing $1 trillion in total payment volume. This marked a 25% increase compared to the previous year, showcasing the platform’s remarkable trajectory in facilitating global transactions. “With $1 trillion in payment volume, the output of businesses operating on Stripe now represents approximately 1% of the world’s GDP [gross domestic product],” the statement said, highlighting the platform’s integral r...
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Source: yahoo.com

stripe payments: Stripe says payment volume surged to $1 trillion last year

Stripe Inc., the fintech, reported a 25% surge in volume last year, surpassing $1 trillion. Its valuation increased to $65 billion. Stripes revenue-automation business is used by Atlassian Corp., Nasdaq Inc., and Hertz Global Holdings Inc. The company believes software-driven innovation will continue in the future.
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