So we were pleased to see the resiliency there. So you've made several recent announcements that you discussed about increasing your merchant's ability to sell over multiple channels? So we are seeing this new -- as physical retail reopens up, the business model for those physical retailers are also contemplating, a new type of resilient model, which allows them to sell online and off-line. We are on the right track, as Q2 saw POS GMV start to recover, healthy adoption of our all-new POS software, sustained levels of use of the local features we rolled out over the past few months and increasing hardware sales in the U.S.The CEOs of Amazon, Apple, Facebook and Google are expected to testify today before a house judiciary committee examining antitrust concerns. Next question, please?Excellent. It's important to understand that because we have such a broad range of merchants on our platform, and I mentioned some of them this morning, brands like Snickers and Chipotle and Molson Coors, but also 1 million -- over 1 million small businesses. Next question, please?And then, either through -- in some cases, through community efforts, which I think is one of the things we've observed, and sometimes for their own adaptability, they set up the online channels, informed the local environments that they are still open for business sort of make do with however they could. And with that, I will hand it over to Amy.Strong app, Shopify Plus platform fee and themes revenue related to the 71% year-over-year increase in new store creations in Q2 contributed to the approximate 7-percentage-point difference between the growth of subscription revenue and MRR.
If you don't see an existing transcript of the event you're looking for, please upload or link to the audio you want to see in our library. We will continue to help entrepreneurs power through these difficult times and position themselves for longer-term success.Thank you for taking the question and glad to hear everyone is doing well. And third, our merchants access new opportunities to strengthen customer relationships and loyalty. I think it's really early to tell that right now. Thank you, Matt.
And so COVID has accelerated this thing this was already going on. And I know our technological foundations and being able to use the latest that the technology industry has created and come up with to make commercial place.Great.
Shop Pay Installments will be integrated into our accelerated checkout Shop Pay, which offers four times faster checkout and close to two times higher conversion than regular checkout options, providing a frictionless experience for merchants and their buyers. And we made adjustments to our plans to quickly deliver on features that would help our merchants adapt and thrive now during COVID and over the long-term.