Today in Payments: Paying for Shopify Upgrades
In today’s top news, Shopify has upgraded its purchasing platform and reduced development costs, and Afterpay has introduced new Pulse rewards. Additionally, Klarna works with Liberis to provide financing for small businesses.
Shopify reduces development costs, payment for upgrades, and gateway options
Shopify rolled out several new updates to its shopping platform, including reducing the developer revenue share from 20% to 0% for the first million dollars businesses earn each year. The platform also added the payment platform, a way to integrate third-party payment gateways into the checkout process, and more customization options for stores so merchants can showcase the new brands. ways and integrate applications.
Afterpay Adds New Pulse Rewards Options For On-Time Payments
Buy Now, Pay Later (BNPL) Afterpay has announced the expansion of Pulse Rewards, its loyalty program that rewards those who pay on time. Users will be able to earn 10 points for each qualifying on-time payment, and can earn additional points to support sustainable brands and small businesses.
Klarna partners with Liberis to provide market financing
Buy Now, Pay Later Platform Klarna works with integrated corporate finance company Liberis to provide merchants with income-based loans and other financial services. The finance function for merchants will be seamlessly integrated with Klarna’s platform to help small businesses around the world.
JPMorgan’s FinTech Buying Frenzy Shows Investing Belongs to Young People
Billions of dollars in intergenerational wealth will be transferred from baby boomers to their heirs. Online investing and retirement planning are gaining traction to help make that money work, as evidenced by JP Morgan’s offer to buy OpenInvest, which focuses on ESG.
46 C-Suite executives on the irreversible rise of digital transformation
Even though the next big thing is still taking shape, what came before it will never come back, at least not when it comes to payments and commerce. This was the consensus of more than 46 senior executives and business leaders surveyed on the emerging digital economy for PYMNTS’s Q2 eBook. The good news, this elite group recognized, is that what comes back will be better for consumers and businesses than before.
Businesses leverage large-scale disbursement processing infrastructure to support choice, speed and security of payments
Consumers want instant payments and a choice of how to receive those funds, and businesses know both are necessary to stay competitive. But creators often find it harder to deliver speed and choice than initially imagined, Ingo Money CEO Drew Edwards and Chief Product Officer Lisa McFarland told Karen Webster. .
SoftBank Puts ‘Pepper’ Robot On Hold While Bot Biz Does Soul Search
SoftBank presses the pause button on its robot, Pepper, the company’s unofficial mascot for years. Robotics is not dead; in fact, they’re popping up everywhere these days. But companion robots are quickly giving way to more practical, business-oriented, behind-the-scenes alternatives.