Stripe Sends Shockwave Through Digital Commerce and Tax Compliance Landscapes

IDC Analyst Kevin Permenter writes, "For the market, this is a "lightning bolt" of an acquisition whose impact will be felt across all segments of the digital commerce landscape. Beyond that, IDC believes this acquisition is also indicative of the convergence we have seen in the financial application space recently. The walls between business functions like payments, tax, treasury, accounting, procurement, and billing are all crumbling quickly as the c-suite is prioritizing initiatives that enhance agility and resilience."