X is pushing forward with its goal of becoming the West’s equivalent of WeChat, and a key part of that plan is its own financial service—X Money. According to the official X Money account, the service will cover “all your money moves.” X CEO Linda Yaccarino also confirmed that Visa is the first major partner for the X Money Account. The partnership will enable users to add money instantly via Visa Direct, link debit cards for peer-to-peer payments, and transfer funds directly to their bank accounts. The initial rollout is expected to be in the U.S., but it remains unclear how widely X Money will expand. Yaccarino also hinted that more major announcements regarding X Money are coming this year, suggesting that the platform is planning to expand its financial ecosystem beyond just payments. The bank added that its goal is to help users move from saving money to investing it in a simple way. Read more in our articles including "X Money Set to Launch This Year as X Moves Closer to Becoming an ‘Everything App’" and "Cebu BRT to use T-Money to pay for fare".
X is pushing forward with its goal of becoming the West’s equivalent of WeChat, and a key part of that plan is its own financial service—X Money. According to the official X Money account, the service will cover “all your money moves.” X CEO Linda Yaccarino also confirmed that Visa is the first major partner for the X Money Account.
The partnership will enable users to add money instantly via Visa Direct, link debit cards for peer-to-peer payments, and transfer funds directly to their bank accounts. The initial rollout is expected to be in the U.S., but it remains unclear how widely X Money will expand. Yaccarino also hinted that more major announcements regarding X Money are coming this year, suggesting that the platform is planning to expand its financial ecosystem beyond just payments.
Our coverage of x money includes: "X Money Set to Launch This Year as X Moves Closer to Becoming an ‘Everything App’"; "Cebu BRT to use T-Money to pay for fare"; "GoTyme partners with DragonFi for Stock Trading feature". Each article provides unique insights and information.