U.S. mobile payment service Stripe has a five-year cooperation agreement with Ford

Mobile payment is developing more and more mature in the mainland, and it is also developing rapidly abroad, receiving more and more users and enterprise recognition. Earlier today, U.S. mobile payment service Stripe announced that it has reached a five-year partnership agreement with auto giant Ford to provide automotive consumer e-commerce strategies and services for Ford in the future.

Stripe's main job in the future will be responsible for for All kinds of payment transactions for Ford, including the optimization of the booking and ordering process, and will also provide related financial services, most of which will occur online, so as to facilitate local Ford, including Lincoln-branded dealers, to adapt to mobile payment transactions as soon as possible.

Therefore, the business also involves the business scope of Ford Motor Credit, a Ford subsidiary, and in the future, Stripe will mainly cooperate with the company to deal with the digital payment business in the North American and European markets.

This partnership with Ford is one of the largest enterprise payment customers Stripe has received to date. It is also an important part of Ford's strategic transformation plan. Just last week, Ford's market value exceeded $100 billion for the first time, mainly because people have good expectations for Ford's development strategy and the announced "Ford +" transformation plan. In 2021, Ford became the best-performing auto stock in the U.S. capital market, outpacing Tesla and General Motors.

Stripe is an emerging unicorn with a large number of customers in the tech space, including e-commerce company Shopify, cloud computing company Salesforce, and food and beverage delivery platform Deliveroo. The company's profit model is mainly to charge a certain fee for each mobile payment, and the company has talked with several investment banks about listing plans, which may be listed as early as 2022.