Visa is set to partner with social media platform X as the first financial services platform for its „X Money” feature.
Payments giant Visa and Elon Musk’s X are partnering to offer direct payment solutions to customers of the social media app, according to Reuters. The deal comes as the billionaire continues his efforts to transform the X platform into an „everything app”, aiming to offer a wide range of services, including messaging, social networking and payments.
Visa will be the first partner of the X Money account, under which customers can instantly fund their X wallet and connect their debit cards for peer-to-peer payments, the source said. Customers will also get the option to instantly transfer funds to their bank account from X Money.
The social media company’s CEO Linda Yaccarino said in a Tuesday post on X that the accounts will start to become available later this year, and said it was the „first of many” announcements about X Money in 2025.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
