Wednesday, 19th Feb, 2025
New Delhi
Weather Icon
17.09°C
AQI: 251 Poor
NIFTY 50 22,961.80 up stock 16.50 (0.07%)
NIFTY 100 23,377.80 up stock 46.40 (0.20%)
NIFTY 500 20,717.15 up stock 105.75 (0.51%)
NIFTY MIDCAP 50 14,145.65 up stock 148.90 (1.06%)
INDIA VIX 15.46 Down stock -0.21 (-1.34%)
NIFTY MIDCAP 150 18,593.65 up stock 217.80 (1.19%)
NIFTY SMALLCAP 50 7,465.90 up stock 119.90 (1.63%)
NIFTY BANK 49,424.90 up stock 337.60 (0.69%)
NIFTY AUTO 21,771.30 Down stock -47.60 (-0.22%)
NIFTY FMCG 52,409.25 Down stock -71.25 (-0.14%)
NIFTY IT 41,236.10 Down stock -228.25 (-0.55%)
NIFTY MEDIA 1,497.95 up stock 25.30 (1.72%)
NIFTY METAL 8,333.95 up stock 78.35 (0.95%)
NIFTY PHARMA 20,763.00 Down stock -206.20 (-0.98%)
NIFTY PRIVATE BANK 24,689.05 up stock 188.45 (0.77%)
NIFTY REALTY 852.40 up stock 20.35 (2.45%)
NIFTY OIL & GAS 10,024.90 up stock 52.85 (0.53%)
NIFTY COMMODITIES 7,832.85 up stock 51.00 (0.66%)
NIFTY ENERGY 31,134.20 up stock 285.15 (0.92%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 22,961.80 up stock 16.50 (0.07%)
NIFTY 100 23,377.80 up stock 46.40 (0.20%)
NIFTY 500 20,717.15 up stock 105.75 (0.51%)
NIFTY MIDCAP 50 14,145.65 up stock 148.90 (1.06%)
INDIA VIX 15.46 Down stock -0.21 (-1.34%)
NIFTY MIDCAP 150 18,593.65 up stock 217.80 (1.19%)
NIFTY SMALLCAP 50 7,465.90 up stock 119.90 (1.63%)
NIFTY BANK 49,424.90 up stock 337.60 (0.69%)
NIFTY AUTO 21,771.30 Down stock -47.60 (-0.22%)
NIFTY FMCG 52,409.25 Down stock -71.25 (-0.14%)
NIFTY IT 41,236.10 Down stock -228.25 (-0.55%)
NIFTY MEDIA 1,497.95 up stock 25.30 (1.72%)
NIFTY METAL 8,333.95 up stock 78.35 (0.95%)
NIFTY PHARMA 20,763.00 Down stock -206.20 (-0.98%)
NIFTY PRIVATE BANK 24,689.05 up stock 188.45 (0.77%)
NIFTY REALTY 852.40 up stock 20.35 (2.45%)
NIFTY OIL & GAS 10,024.90 up stock 52.85 (0.53%)
NIFTY COMMODITIES 7,832.85 up stock 51.00 (0.66%)
NIFTY ENERGY 31,134.20 up stock 285.15 (0.92%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 12:35 IST, January 29th 2025

Elon Musk’s X Gets Into Financial Services With Visa Partnership - Details

Elon Musk's platform X introduces the X Money Account in collaboration with Visa, offering instant fund transfers and peer-to-peer payments

Reported by: Business Desk
Follow: Google News Icon
  • share
Elon Musk wants X services in China
Elon Musk | Image: X

In a significant move towards expanding its ecosystem, Elon Musk 's social media venture X has unveiled plans for the X Money Account, featuring a digital wallet and peer-to-peer (P2P) payment services in partnership with Visa. CEO Linda Yaccarino confirmed the collaboration in a recent platform post, marking Visa as the exclusive launch partner for the new offering.

Yaccarino emphasized the capabilities of the X Money Account, stating, "Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or Venmo." This initiative aims to provide users with secure and instantaneous financial transactions directly from their X Wallet, powered by Visa Direct.

Her Post reads, “"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 transfer funds to your bank account
First of many big announcements about X Money this year. LFG."
 


Visa also expressed enthusiasm about the partnership, affirming on X, "We're excited to partner with @XMoney on the launch of X Money Account. Visa Direct will make it possible for US X Money Account users to fund and transfer money in real-time with their debit card."
 


The announcement signifies a pivotal step for X in enhancing its platform capabilities, promising additional updates and expansions under the X Money umbrella throughout the year.
 

Published 11:43 IST, January 29th 2025