eCommerce platform Shopify registered better-than-expected financial results amid growth in its subscription revenue and gross merchandise volume (GMV). In the economy, retail sales surged in January after consecutive months of falling sales, while in payment methods, automatic debit payments can help utility providers bolster cash flows as well as collections. And in digital currency, crypto exchanges are threading the needle between compliance and privacy. All this, Today in Data.
Data:
$977.7M: Shopify’s record Q4 revenues, which easily topped expectations.
719%: Growth in cryptocurrency transaction volume since August 2020.
73%: Share of debit-favoring consumers who had downloaded a mobile card app by July 2020.
5.3%: Increase in retail sales in January, after three consecutive months of declining sales.
1.7M: Minimum number of businesses Shopify serves in over 175 nations.
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