Payments News

On The Web

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Companies

Shopify Partners with Novel to Deliver Accessible Web3 for Merchants

“Major global e-commerce platform Shopify announced a partnership with Novel, a no-code Web3 commerce platform, to make Web3 technologies accessible and approachable for all merchants. As part of the partnership, Novel launched an app on the Shopify App Store, which equips existing merchants on Shopify with tools to experience Web3 innovation in e-commerce without any […]
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Companies

Shopify Targets Physical Retailers After an Overly Aggressive Bet on e-Commerce

“Shopify Inc., Canada’s largest e-commerce company, announced Tuesday that it will start selling new hardware for brick-and-mortar retailers, as it attempts to recover from an overly aggressive bet on the speed at which the economy would move online.  The device, called POS Go, resembles a smartphone and will allow retailers to provide wireless checkout anywhere […]
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Companies

Shopify x YouTube, Instagram Integrates Payments & Chat

“Shopify and YouTube‘s new partnership enables merchants on the e-commerce giant to integrate their online store into the video-sharing platform. With the launch of YouTube Shopping on Shopify, merchants can sell their full range of products via live streams, videos, and a store tab to reach the platform’s 2 billion monthly logged-in users…With livestreams, merchants can tag […]
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Companies

Shopify’s Secret Weapon Is Thousands of New Business Owners

“Small-business formation is surging in the U.S., and e-commerce company Shopify Inc.  has been reaping the gains of that business boom. More Americans are opening online stores and selling goods and services to make money as the effects of the pandemic have wiped out jobs and disrupted in-person activities like dining and shopping. The shift […]
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Companies

TikTok partners with Shopify on social commerce

“TikTok is further investing in social commerce with today’s announcement of a new global partnership with e-commerce platform Shopify. The deal aims to make it easier for Shopify’s over 1 million merchants to reach TikTok’s younger audience and drive sales. The partnership will eventually expand to include other in-app shopping features, as well, the companies […]
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Companies

Shopify launches Shop, a new mobile shopping app

“While Shopify is best-known for powering the online stores of more than 1 million businesses, the company is launching a consumer shopping app of its own today, simply called Shop. The app is actually an update and rebrand of Arrive, an app for tracking packages for Shopify merchants and other retailers, which the company says […]
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Companies

Shopify Joins Libra, Defying a Wave of Defections From the Crypocurrency Venture

“The controversial Libra cryptocurrency project gained a new member Friday with Shopify Inc.’s announcement it will join the Libra Association , the governing body for the fledgling venture. Shopify’s decision comes in the face of a string of eight high-profile defections from the association since October, including decisions by Mastercard Inc., PayPal Holdings Inc., Stripe […]
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Companies

Shopify Unveils a New Lineup of Retail Hardware

“Shopify is expanding its efforts in brick-and-mortar retailer with the launch of its new retail hardware collection . The company is best-known as a platform for building online stores, but it also offers point-of-sale software for physical stores, and it launched a credit card reader a couple years ago. With the new collection — which […]

On The Wires

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Companies

Shopify Merchants Break Records with $5.1+ Billion in Worldwide Sales over Black Friday/Cyber Monday Weekend

“Shopify Inc. (NYSE:SHOP)(TSX:SHOP), a leading global commerce company, announced today Black Friday/Cyber Monday weekend results, with sales of $5.1+ billion from the more than one million Shopify-powered brands around the world. From November 27 through November 30, total sales grew by 76% from the $2.9+ billion reported for Black Friday/Cyber Monday weekend in 2019, a record that […]
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