Business
Shopify Announces Major Product Launches and Updates at Virtual Event Reunite, Including Shopify Balance and Shop Pay Installments
Members of Shopify’s global community tuned in to hear updates across shipping, finance, retail, and more OTTAWA, Ontario--(BUSINESS WIRE)-- Today, Shopify
About this update from Shopify Inc.
[{"type":"text","content":"\nMembers of Shopify’s global community tuned in to hear updates across shipping, finance, retail, and more\n\n OTTAWA, Ontario--(BUSINESS WIRE)--\nToday, Shopify Inc. (NYSE:SHOP)(TSX:SHOP), a leading global commerce company, announced new and updated products at Reunite, the company’s first virtual event that hosted members of Shopify’s global merchant community. Reunite, which was also open to Shopify partners and the public, covered the latest product news in areas like finance, retail, and shipping to showcase how Shopify is helping merchants future-proof their businesses amid COVID-19.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200520005677/en/Introducing Shopify Balance, business account and card built for independent businesses (Photo: Business Wire)\n\n\"These are unprecedented times. This is going to be one of the most challenging chapters in all of our lives. But entrepreneurs are the kind of people who make the most out of what they’ve got. They’re the people who can see opportunity when everyone else sees despair,\" said Tobi Lütke, CEO of Shopify. \"Right now, we’re dedicating ourselves to helping as many small businesses as possible survive this. We’ve looked far and wide into our roadmaps for everything that might be helpful right now, and have tried to pull as many things forward as we could, shipping them and getting them out the door for our merchants.\"\n\n\nFrom helping merchants manage their store’s money, to offering effortless local delivery options, to creating new ways of generating revenue at checkout, the products and updates announced at Reunite will help merchants navigate an ever-evolving retail landscape and plan for the future.\n\n\nIntroducing Shopify Balance, the business account built for independent businesses and entrepreneurs\n\n\n\nMost of today’s banking products are built from a traditional financial institution’s point of view and designed for large, established businesses. They aren’t designed for the needs of independent business owners, and aren’t as flexible as they need to be. In our research:\n\n\nWe found that two in five merchants are currently using their personal bank accounts and cards for business, meaning they’re combining their personal and business finances, making it difficult to measure the financial heal...