French Newspaper Le Monde Teams With Stripe to Expand Subscriptions Globally

French daily newspaper Le Monde has designated Stripe to support its digital subscriptions as it expands globally, the Irish-American payment processor announced Thursday (April 7).

Stripe said it’s powering the expansion of Le Monde’s subscriptions to the United States, the United Kingdom, Canada, Australia, Belgium and Luxembourg, with a goal of 1 million new subscribers by 2025.

“We’ve seen a huge increase in online readers over the past two years, and more than doubled our subscriber base,” Louis Dreyfus, CEO of Le Monde, said in a statement.

With Stripe, he added, the news outlet will be able to expand easily and quickly and simplify subscriptions for the paper and its readers. The 78-year-old newspaper said it will use Stripe’s financial infrastructure to manage its digital subscriptions internationally through a single, frictionless payment platform.

Subscribers will be able to pay with their preferred payment method and currency. Each transaction will also be protected by Stripe Radar, a machine-learning fraud detection solution integrated within Stripe’s platform.

Dreyfus said that for the newspaper to reach its subscriber goal, it needed a “payments partner that has ambition, accessibility, and global reach,” which it found in Stripe. Le Monde has built a reputation since its start in 1944 for its international coverage of events, investigations and critical analysis.

“Access to trustworthy news is essential for democracy, and reliable journalism has never been more important,” said Eileen O’Mara, EMEA growth and revenue lead at Stripe.

Last month, PYMNTS reported that Stripe returned to the cryptocurrency fold, thanks, in part, to its embrace of Web3, the new iteration of the World Wide Web based on blockchain technology.

Read more: Stripe Jumps Back Into Crypto Payments

The news broke when Stripe CEO John Collison tweeted “Stripe now supports crypto businesses,” linking to a page offering “global payment solution for Web3.”