Sept 15 (Reuters) – Adobe Inc (ADBE.O) 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 (SHOP.TO).
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.
Adobe will roll out the new payment system by the end of this year in the United States and is tapping PayPal Holdings (PYPL.O) to process a variety of payment types, including credit and debit cards as well as PayPal’s own payment and pay-later offerings.
Until now, Adobe’s e-commerce customers have had to build their own payment systems. That works for larger businesses that can negotiate with payment…