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FinTech Glossary

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Shopify

Definition

Shopify is an ecommerce platform that enables businesses to create online stores, manage products, process payments, and handle orders through a unified, cloud-based commerce infrastructure.

How Shopify Is Used by Businesses

Businesses use Shopify to:

Build and host online storefronts

Manage inventory and product listings
Accept digital payments
Handle orders and refunds
Integrate with logistics and marketing tools

It supports both small sellers and large brands.

Why Shopify Matters in Digital Commerce

Shopify lowers the barrier to starting and scaling online businesses. Its ecosystem of apps and integrations allows merchants to customise workflows without heavy technical effort. In India, Shopify is widely used by D2C brands and exporters selling domestically and globally.

Payments and Finance Considerations

For finance teams, Shopify transactions must be reconciled with payment settlements, refunds, and fees. Businesses often integrate Shopify with payment, reconciliation, and spend platforms to maintain clean financial records and manage cash flow effectively.

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