Shopify is pursuing regulatory approval to become a nationwide money transmitter, aiming to offer more financial and payment services directly to merchants. Currently licensed in 18 states and Puerto Rico, the company wants to expand its control over transaction flows on its platform, potentially increasing revenue from its large eCommerce market share. This move would allow Shopify to hold and move funds for merchants, similar to prepaid accounts like Venmo. The company is also expanding B2B features and growing its lending business, which reached $1.8 billion in loans by the end of 2025, supporting small and medium-sized businesses with faster access to capital.
Digital agency 9thCO completed a major digital transformation for DNRS, moving from a fragmented WordPress setup to a unified composable architecture. This upgrade centralizes user management, integrates key business tools like CRM and scheduling, an...
Jefferies upgraded Shopify to Buy from Hold, raising its price target to $160 due to strong early Q2 performance and a revamped partner program. The firm expects Shopify to exceed growth forecasts with a 27% increase in gross merchandise volume (GMV)...
President Trump announced a 20% reimbursement fee on all cargo passing through the Strait of Hormuz to cover U.S. military protection costs, causing oil prices to rise over 4%. SK Hynix and Samsung Electronics shares plunged after SK Hynix's U.S. deb...
