The Globe and Mail reports in its Friday, May 20, edition that Lightspeed Commerce's payment-processing services are now used by 163,000 restaurants, retailers and hospitality providers. The Globe's Sean Silcoff writes that Lightspeed's revenue grew 78 per cent to $146.6-million in the quarter that ended in March, from $82.4-million a year earlier, beating the consensus forecast of $141-million (all figures U.S.). The boost was largely driven by an increased payments volume. The average monthly revenue Lightspeed receives per retailer also grew by 35 per cent, to $270 from $200. Lightspeed has integrated its services for retailers and restaurants into one-stop-shop platforms, combining long-time services such as point-of-sale software with e-commerce offerings such as inventory management. Chief executive officer Jean Paul Chauvet said these integrations will boost the revenue Lightspeed gets from each client, especially as lockdowns end around the world. Mr. Chauvet believes payment processing will be a key part in boosting this revenue and helping Lightspeed reach profitability, at least on adjusted terms. BMO's Thanos Moschopoulos believes payment processing is a path to profitability for Lightspeed.