Mar 14, 2024 14:27:00

Stripe's annual payment total reaches $1 trillion, accounting for 1% of global GDP

Payment service

Stripe has released its 2023 annual activity report. The report reveals that Stripe's total payment volume in 2023 will reach $1 trillion (approximately 150 trillion yen).

Stripe's 2023 annual letter
https://stripe.com/jp/annual-updates/2023

Stripe is a company that provides online payment services. By implementing Stripe's payment service, website and online shop operators can provide users with payment methods such as credit cards and electronic money. Additionally, when making a payment using Stripe's payment service, credit card information and other information is sent to Stripe rather than to the website, reducing user concerns about security.

Stripe is used as a payment processing system by large companies such as Amazon and Google, and is also widely used by small businesses and startups. For example, the paid plan for '

GIGAZINE Secret Club ' also uses Stripe as a payment service.

Stripe released its 2023 annual activity report on March 13, 2024. According to the report, Stripe's total payment volume in 2023 will reach $1 trillion, an increase of 25% from the previous year. The report also states, ``Reaching $1 trillion (total payments) means the output of businesses using Stripe is equivalent to 1% of global GDP (Stripe users (many of which sell

final goods that are counted in GDP). According to the World Bank , the world's nominal GDP in 2022 is estimated to be $100.88 trillion.

Additionally, although venture capital investment in startups in 2023 was the lowest since 2018, the number of startups using Stripe continues to increase. Furthermore, the number of AI companies that started using Stripe in 2023 will be double that of 2022, and the total revenue of AI companies will increase by 249% from 2022 to 2023. Stripe said, ``(Evaluation of startups) tends to focus on easy-to-understand indicators such as a decline in venture capital investment, but from our perspective, startups are more vibrant than ever before.'' They reported that the industry was more vibrant than popular estimates.