Stripe has partnered with the Mercedes-AMG PETRONAS F1 Team to support payments across its global commercial operations, including merchandise sales and international transactions.
Under the multiyear agreement, Stripe will serve as the team’s Official Global Payments Partner and an Official Team Partner.
Stripe will begin rolling out its technology at key races during the remainder of 2026, starting with the team’s retail experience.
Its branding will appear on the team’s cars and other assets from the first race of the 2027 Formula One season.
John Collison, Cofounder and President at Stripe, said,
“Mercedes-AMG PETRONAS F1 Team has built one of the most ambitious and successful organisations in sports. Behind that is an extraordinary standard of engineering and a relentless drive to improve.
That combination resonates with how we build at Stripe. We’re looking forward to applying that same approach to the financial infrastructure supporting their next stage of growth.”
Toto Wolff, Team Principal and CEO, Mercedes-AMG PETRONAS F1 Team, said,
“Stripe is one of the world’s leading fintech brands and a hugely influential technology company that helps businesses operate and grow on a global scale. When the opportunity arose to rethink our approach in this sector, we wanted to be ambitious and partner with the very best.
Stripe was the only choice. Having a partner that has Stripe’s expertise and their huge reach will help us build the right foundations for the future as we continue to develop our business in this fast-moving and increasingly connected world.”
Featured image: Edited by Fintech News Singapore, based on image by Stripe
