Shopify's money transmitter licences could lift 2028 operating income, Jefferies says

Shopify Inc (TSX:SH., NYSE:SHOP)'s pursuit of nationwide money transmitter licensure could add roughly 2% to gross profit and 5% to operating income in 2028, according to an analysis from Jefferies. In a research note, the firm called the licences a “logical next step” in the evolution of...