Stripe’s Unparalleled Growth: Total Payment Volume Soars Past $1T

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Stripe is sufficiently large that when we consider its growth we have to weigh it against the overall growth in the payment space more generally. Major growth pointsIn its annual missive, Stripe noted that it crossed the $1 trillion total payment volume metric in 2023, a figure that is large, and round, if imprecise. Certainly the threshold is notable, but when paired with recent growth figures becomes all the more impressive. Stripe said that in 2023 its payment volume rose 25%. Any company processing that much total payment volume through Stripe could build their own in-house stack, or pursue a more DIY option.