Shopify Inc. (TSE:SHOP) has released an update.
Shopify Inc. reported significant growth in 2023, with a 20% increase in Gross Merchandise Volume (GMV), a 26% rise in revenue, and a 35% surge in Monthly Recurring Revenue (MRR). The company expanded its offerings with new tools like Shopify Bill Pay and an AI shopping assistant, while also enhancing existing services such as POS and Shop Pay. These developments have further solidified Shopify’s position as a comprehensive commerce platform for merchants globally, catering to both online and offline sales channels.
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