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India's app market generated a record $345 million in Q2 consumer spending, up 35% year-over-year, driven by generative AI, streaming, and productivity apps as digital payments reduce friction. Revenue per download has more than doubled in three-and-a-half years, positioning India as a fast-growing monetization market despite still trailing mature markets.
A detailed technical explanation of how UPI payment transactions are processed, covering the roles of apps, payment service providers, NPCI, and banks, and highlighting the competitive dynamics among UPI apps.
Valve is discontinuing physical Steam gift cards by the end of 2026 due to persistent scam issues, while continuing to offer digital gift cards.
Five major European mobile payment systems (Bizum, Bancomat, MB WAY, Vipps MobilePay, Wero) are forming an alliance to create a sovereign payment infrastructure for 130 million users, bypassing Visa and Mastercard starting in 2026.
Brazil's Pix instant payment system is facing commercial and geopolitical pressure from Visa, Mastercard, and the US administration, which allege anti-competitive practices despite Pix's massive growth in transaction volume.