PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Shopify reported that its revenue grew 110% year over year to $988.6 million during the first quarter. The company’s gross payments volume grew to $17.3 billion. “Shopify’s momentum continued into 2021 as digital commerce tailwinds remained strong and merchants took advantage of the range of capabilities offered by our platform. We are focused on building a commerce operating system that will help shape the future of retail. Our merchant-first business model positions us to capture the massive opportunity presented by the growth of digital commerce, benefiting both our merchants and Shopify,” said Amy Shapero, Shopify’s CFO. From Shopify.
PF Blackbaud reported GAAP revenue of $219.2 million for the first quarter, down 2% year over year, with GAAP recurring revenue up .9%. “Our first quarter results are encouraging as we continue to see strength in online payments and durability in our recurring revenue streams. We had solid bookings performance to start the year while reducing customer acquisition costs, and we continued to make accelerated investments in critical areas of the business,” said Tony Boor, executive vice president and CFO. From Blackbaud.
A number of payment companies, including several payment facilitators, are on TIME’s inaugural list of the 100 most influential businesses. Stripe, Shopify and PayPal were included, as was Flutterwave, a PF that operates in Africa. The list also included card brand Mastercard and Latin American ecommerce provider Mercado Libre. The publication said the list is its answer to the question, “Which companies are shaping our future?” From TIME.
The retail space is shifting dramatically as businesses rethink how to meet consumers where they are. This is according to PayPal CEO Dan Schulman. In this interview, he shared his thoughts on the future of superapps, how payment methods are going to “collapse into the mobile phone,” and why digital currencies will be a fundamental part of modernizing financial infrastructure. From TIME.
Celero Commerce: Celero Commerce Unveils New Payment Gateway, Celero Connect