Will the new PSP solution attract additional game developers to Xsolla's platform, and how might that influence its user base metrics?

The Xsolla‑Adyen partnership removes a key friction point for mid‑size and indie studios: the need to rely on a third‑party merchant of record. By handing developers a full‑stack PSP that bundles checkout, fraud mitigation and revenue‑management while letting them stay the MoR, Xsolla opens a low‑cost, high‑control pathway that is especially attractive to studios looking to expand globally without building their own payment infrastructure. Given the accelerating growth of live‑service and mobile games—and the fact that more than 70 % of developers cite payment flexibility as a top priority—the PSP is likely to draw a wave of new studios, pushing Xsolla’s developer count and concurrent user (CU) metrics upward in the next 12‑18 months. An expanding developer base typically translates into a broader gamer audience, higher transaction volume, and stronger recurring‑revenue visibility for both Xsolla and its partner Adyen.

For traders, the upside materializes primarily on the Adyen ticker (ADYEN). The partnership adds a high‑growth, recurring‑revenue stream in the fast‑growing gaming vertical, complementing Adyen’s existing merchant base and reinforcing its “payments‑as‑a‑service” narrative. Expect modest price appreciation on the news, especially if the market prices in a lift to the 2025‑2026 revenue guidance. Technical charts show ADYEN trading near its 20‑day EMA with bullish momentum; a break above the recent high (~€2,300) could trigger a short‑term rally, while a pullback to the 50‑day EMA (~€2,150) offers a potential entry point. Keep an eye on Xsolla’s developer onboarding metrics (often released in quarterly updates) and Adyen’s gaming‑segment gross transaction volume (GTV) – a stronger‑than‑expected GTV growth rate would validate the partnership and justify a continued long bias. Risks include slower-than‑expected developer adoption and competitive pressure from other gaming‑focused PSPs (e.g., Stripe, PayPal), which could temper the upside.