The merchant count has nearly doubled in the last month. That's...

The merchant count has nearly doubled in the last month. That's a lot of stickers...
Sure merchant count doesnt directly mean sales. But there is a clear acceleration of merchants onboarded and this type of increase doesn't happen unless there is a push to make it happen.
When you consider that SPT is primarily a white lable product these days you can assume the push to on-board merchants is happening on the client side. Which is expected from a company if they've just invested in new tech.