Q: So no plans to re-enter India's domestic payments market for now? Any fresh investments in the region? No new domestic plans to share today. We are excited to connect India to the world and grow global commerce. Q: What response do you expect from competitors like SWIFT GPI, Visa Direct, Mastercard, Apple, or Ant Group? How defensible is PayPal World? This is a competitive market but our vision is clear — interoperability and frictionless commerce. We have built trust for 25 years. We partner with top wallets and have strong technology. We expect many players to also see the benefit. Many partners are also competitors. I welcome them to join PayPal World. This is about creating great experiences for consumers and merchants. Q: Could PayPal World include stablecoins, Web3 wallets, and other new payment methods? Yes. The platform is ready for the future. Stablecoins are gaining ground. We now have more regulatory clarity in the US too.