Adobe Jumps Into E-commerce Payments Business in Challenge to Shopify

Adobe company logos are seen in this picture illustration taken in Vienna, on July 9, 2013. Leonhard Foeger/Reuters

Adobe Inc. on Wednesday said it will add payment services to its e-commerce platform this year to help merchants accept credit cards and other ways of paying, deepening a rivalry with e-commerce firm Shopify Inc.

Adobe started providing software to help retailers run their online stores in 2018 when it purchased Magento Commerce from private equity firm Permira for $1.68 billion.