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News on Medial
Amazon to shut down Android app store, discontinue Coins
Economic Times
·
5m ago
Medial
Amazon will close its Android app store on August 20, 2025, and discontinue the Amazon Coins program. Developers can't submit new apps post-shutdown. Coins, used for purchases within the app store, will be refunded if unused by the closure date. The app store will remain available on Amazon devices like Fire TV and Tablets. Amazon decided to focus on its device environments, citing limited use on non-Amazon devices.
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Related News
Walmart's PhonePe launches India app store in challenge to Google | TechCrunch
TechCrunch
·
1y ago
Medial
PhonePe, the Indian fintech company backed by Walmart, has launched its own Android app store to challenge Google's monopoly in India. The Indus Appstore features over 200,000 apps, including those from top brands such as Microsoft, Amazon and Meta, across 45 categories. The app store supports third-party payments and offers a range of unique features, including support for 12 regional languages and around-the-clock customer service. PhonePe plans to monetize the app store by charging developers for app discovery and displaying ads. The move comes as app developers globally push back against Google and Apple's dominance and alleged unfair terms.
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Google's Android strategy looks like it's unravelling
Business Insider
·
1y ago
Medial
Google has lost a significant lawsuit against its Play Store, potentially leading to the requirement for rival app stores to freely compete. Epic, the developer of Fortnite, won the lawsuit, claiming that Google had created an illegal monopoly with its app store. This verdict poses a threat to Google's Play Store, which generates substantial revenue by charging developers up to 30% of app sales and in-app purchases. The ruling may lead to structural changes and alternative app stores on Android devices, impacting Google's Android strategy.
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Bytedance to shut down Resso in India by Jan end
Inc42
·
1y ago
Medial
Bytedance is set to shut down its music streaming platform, Resso, in India by the end of January. The move comes after Google Play and Apple App Store removed the app from their marketplaces following directives from the Indian government. Bytedance cited local market conditions as the reason for the shutdown and assured users that their remaining subscription fees would be refunded. This follows a series of app bans in India due to security concerns amid tensions between India and China.
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Appario looks for a new way to keep selling on Amazon
Economic Times
·
1y ago
Medial
Appario Retail, the largest seller on Amazon India, may change its plans to shut down its seller entity. Amazon and Patni Group, the joint venture partners of Appario’s parent firm Frontizo, had initially planned to shut down the seller entity. However, instead of stopping sales on Amazon India, Patni Group and Amazon are exploring options to bring in a new joint venture partner to replace Amazon for Appario Retail. Talks are ongoing to find a legally sound solution, allowing Appario to continue selling on the marketplace. Appario is a crucial seller for Amazon, accounting for a significant volume of orders.
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US judge orders Google to open up app store to competition
Economic Times
·
10m ago
Medial
- U.S. District Judge James Donato has ordered Google to make significant changes to its mobile app business following the Epic Games lawsuit. - Google must allow Android users to have more options to download apps and pay for transactions within them, including making Android apps available from rival sources. - For three years, Google cannot prevent the use of in-app payment methods and must allow the download of competing third-party Android app platforms or stores. - The order restricts Google from preinstalling its app store on device makers' devices and sharing revenue generated from the Play store with other app distributors. - Google plans to appeal the verdict and the injunction, stating the changes will have unintended consequences that will harm consumers. - Epic Games CEO Tim Sweeney has revealed plans to bring the Epic Games Store and other app stores to Google Play in 2025, aiming to build a competitive Android ecosystem. Please note that as an AI language model, I cannot provide real-time updates, so the information provided here may not reflect the latest developments or changes.
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Apkfollow Raises Seed Funding
Finsmes
·
1y ago
Medial
Apkfollow, a startup based in Ludhiana, Punjab, India, has raised an undisclosed amount of Seed funding for its privacy-focused Android app store. The funding will be used to launch the app store, which aims to provide users with over 700,000 apps while prioritizing user privacy. Apkfollow is working with app developers to offer a wide range of high-quality and diverse applications on its platform.
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Epic Games Store for Android will be coming to Google Play Store: CEO Tim Sweeney - The Economic Times
Economic Times
·
10d ago
Medial
Epic Games CEO Tim Sweeney announced that the Epic Games Store will launch on Android devices via the Google Play Store. This strategic move is designed to provide an alternative to Google's ecosystem and promote more open app marketplaces on mobile platforms.
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Neobank Muvin shuts down operations
Entrackr
·
1y ago
Medial
Youth-focused neobanking startup Muvin has shut down its operations, according to sources aware of the development and the company’s communication with its users. The shutdown is a result of the RBI direction which forbade UPI in a co-branding arrangement. “muvin card program has been closed. Any available balance is being migrated to issuer Livquik app. The migration is expected to be finished by 1st Feb and we would notify nextsteps to access your balance. Thank you for the support and we regret that muvin is unable to support your journey towards financial literacy,” said a notification sent by Muvin to its users. The Muvin app was also not available on Google Play Store. In June 2023, RBI directed PPI issuers to stop UPI in a co-branding arrangement. The directive forced DreamX (Dream11), Fampay, Akudo, Muvin and CheqUPI to discontinue UPI services as they did not hold PPI license. Entrackr had exclusively reported about this in June 2023. Recently, Akudo also shut down its wallet operations. Besides Muvin, LivQuik was also a PPI issuer for Akudo. Fampay, the largest player in this space, also pivoted to a full-fledged neobank from a teen only due to RBI directive. The firm also found it tough to raise follow-on money and saw top level exits and fired nearly 80 employees in 2023. Entrackr has reached out to Muvin and Livquick for more details. Co-founded by Vineet Gupta and Mukund Rao, Muvin used to cater to both teens and young adults through its prepaid card and mobile app. Before winding up operations, Muvin raised $3 million in a pre-Series A round led by WaterBridge Ventures in January 2022 and a seed round of over $1 million in April 2021.
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Amazon rolls out passwordless sign-ins for users on iOS and web
Economic Times
·
1y ago
Medial
Amazon is introducing passkey support for browsers and iOS mobile shopping apps, enabling customers to access their accounts using passwordless sign-in. Customers can set up passkeys in their Amazon settings, using their face, fingerprint, or device PIN to sign in. Passkeys are designed to be more secure and user-friendly compared to traditional passwords. They cannot be written down or easily guessed, making them a more secure option and less susceptible to phishing attacks. Passkey support is gradually rolling out for the iOS Amazon Shopping app and will soon be available for Android.
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PhonePe's Indus Appstore crosses 1 lakh downloads within 3 days of launch
Economic Times
·
1y ago
Medial
Indus Appstore, a new Android-based app store from PhonePe, has gained over 100,000 downloads within three days of its launch. The success of the app store highlights the demand for a homegrown platform that caters to the diverse needs of Indian users and supports local app developers. Indus Appstore offers a zero-commission model and supports 12 regional languages, providing an attractive alternative to Google and Apple platforms. The app store aims to reach 500,000 users and expects to exceed one million downloads in the near future.
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