Wolff explains why Mercedes chose Stripe as its payments partner

Mercedes-AMG PETRONAS F1 Team announced a multiyear global partnership with Stripe on 19 October 2026, naming the financial-services company its official global payments partner and an official team partner. Team principal and CEO Toto Wolff said Mercedes wanted to rethink its approach in the sector and work with the best; he called Stripe “the only choice.”

John Collison, Stripe’s co-founder and president, said Mercedes’ engineering standards and drive to improve resonated with the way Stripe works. He said Stripe looked forward to applying the same approach to the financial infrastructure supporting Mercedes’ next stage of growth.

The announcement said Stripe’s technology would support Mercedes’ global commercial operations and the development of its financial and payments capabilities. Initial product deployments were planned at key races in the remainder of 2026, starting with the team’s retail experience. Stripe branding was due on the cars and across team assets from the first race of the 2027 season.