Latest news with #XWallet
Yahoo
a day ago
- Business
- Yahoo
X app code points to a physical card coming to X Money
X's plans for a payments service may extend beyond the digital realm, new data suggests. According to findings from mobile app intelligence firm App Sensa, the X app has been updated over the past few weeks with several references related to a physical debit card, which can be customized with your X username. Dozens of new strings of code in the X app reference various actions you can take with the new debit card, including checking its shipping status, activating your card after it arrives, reporting your card lost or stolen, locking the card, setting a PIN, and more. Multiple strings also include the terms 'physical_card_option' as well as just 'physical,' the data indicates. The news follows X CEO Linda Yaccarino's January announcement that Visa would be the company's first partner for the X Money service, which will allow users to instantly fund their X Wallet accounts via Visa Direct. She explained that the new service would enable peer-to-peer (P2P) payments by connecting with users' debit cards and would offer the option to instantly transfer funds to your bank account. Yaccarino also noted that this would be the 'first of many' big announcements about X Money arriving this year. This suggests that X is on a path that will see it more broadly competing with other digital banks and payment services in the near future. To support its venture into payments, X has been registering for money transmitter licenses across the U.S. for over a year. As of December 2023, the company was licensed for payment processing in a dozen states. It has since increased its registrations to include 40 states, plus Washington, D.C. There are other references in the X app's code that tell us more about how this new payment card may work. For instance, some strings refer to 'cashback' and others to 'deferred debit.' It also appears you may be able to cancel your virtual card independently of the physical card and vice versa. Plus, the code suggests X could be pursuing relationships with other partners, as both MasterCard and Amex are listed as supported payment card brands. X owner Elon Musk has long envisioned the app formerly known as Twitter as more than a social network. In November 2022, he shared his plans to turn X into an 'everything app' that would include things like payments and banking, as well as better support for videos and creator content. Last year, X was spotted working on the addition of a Payments button that would be added to the site's main navigation bar. X has not shared when specifically it plans to announce X Money besides sometime 'later this year,' per Yaccarino's earlier post. X did not respond to a request for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
16-04-2025
- Business
- Associated Press
Zero Fintech Group Limited (Stock Code: 0093.HK) Announces Record-Breaking 2024 Annual Results
HONG KONG SAR - Media OutReach Newswire - 16 April 2025 - Zero Fintech Group Limited ('Zero Fintech' or the 'Company', stock code: a leading fintech innovator, is proud to announce its stellar financial performance for the year ended 31 December 2024, showcasing remarkable growth driven by strategic execution and advanced risk management. 2024 annual report EＮ 2024 Financial Highlights: Strategic Highlights: This partnership is a pivotal move to seek to leverage proprietary A.I. technology of X Wallet to drive efficiency and innovation within the financial sector. We have established a rigorous risk control structure and enhanced our credit scoring system regarding the procedures for authorizing, approving and renewing credit facilities. This well-developed policy has helped to improve our bad debt. By combining the cutting-edge technologies such as cloud computing, big data to create a safer and more efficient financial ecosystem. At the same time. This model keeps helping to improve the efficiency of our approval process to 5 seconds only, which greatly reduce the time required of customers from application to loan withdrawal. It further strengthens our investment on technology by acquiring Alpha Times Technology Limited to bolster in-house IT capabilities and reducing reliance on external technical vendors. The launching of X Pay positions X Wallet as Hong Kong's first integrated financial services super-app. Over 1,000 merchants are adopting X Pay to offer Buy Now, Pay Later service to their customers. Looking ahead, while global economic challenges persist, we're committed to: Explore the Full Report: Hashtag: #ZeroFintech #XPay #XWallet The issuer is solely responsible for the content of this announcement. About Zero Fintech Group Limited
The Independent
28-01-2025
- Business
- The Independent
Elon Musk's X announces deal with Visa to launch in-app financial services
Social media site X has announced a deal with Visa as part of plans to launch a digital wallet for making instant payments on the platform. X chief executive Linda Yaccarino said in a post to the platform that Visa was the first partner for X Money, which she said will launch with an X Wallet later this year. The system will enable users to link their digital wallet with their bank account and debit card to transfer funds to and from their bank account, as well as make peer-to-peer payments. The move will be X's first into financial services, and feeds into a long-term aim of the site's owner, Elon Musk, who has spoken repeatedly of his desire to create an 'everything app', where users are able to access social media, entertainment, online shopping, communications and other services without having to leave that single app. In a post to X on the announcement, Ms Yaccarino referred to it as 'another milestone for the Everything App', adding that the X Money account would 'debut later this year'. 'First of many big announcements about X Money this year,' she said. According to reports in the US, X Money is expected to launch in the first quarter of this year, and will initially be used to allow creators on the platform to store their funds from posting and accept payments from subscribers without needing to use third parties. Visa has not yet commented on the announcement.
Yahoo
28-01-2025
- Business
- Yahoo
Elon Musk's X announces deal with Visa to launch in-app financial services
Social media site X has announced a deal with Visa as part of plans to launch a digital wallet for making instant payments on the platform. X chief executive Linda Yaccarino said in a post to the platform that Visa was the first partner for X Money, which she said will launch with an X Wallet later this year. The system will enable users to link their digital wallet with their bank account and debit card to transfer funds to and from their bank account, as well as make peer-to-peer payments. Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year. 💰Allows for secure + instant funding to your X Wallet via Visa Direct 🪪 Connects to your debit card allowing P2P payments 🏦 Option to instantly… — Linda Yaccarino (@lindayaX) January 28, 2025 The move will be X's first into financial services, and feeds into a long-term aim of the site's owner, Elon Musk, who has spoken repeatedly of his desire to create an 'everything app', where users are able to access social media, entertainment, online shopping, communications and other services without having to leave that single app. In a post to X on the announcement, Ms Yaccarino referred to it as 'another milestone for the Everything App', adding that the X Money account would 'debut later this year'. 'First of many big announcements about X Money this year,' she said. According to reports in the US, X Money is expected to launch in the first quarter of this year, and will initially be used to allow creators on the platform to store their funds from posting and accept payments from subscribers without needing to use third parties. Visa has not yet commented on the announcement.
