Latest news with #VisaDirect
Finextra
6 days ago
- Business
- Finextra
Visiona and Visa form partnership
Visa, one of the leaders in digital payments, and Visiona, a provider of payment solutions for the financial sector, announced the beginning of their strategic cooperation in making the Visa Direct and Visa+ solutions more available. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Under the concluded agreement, VISIONA will extend the functionality of VISIONA Card Solutions Suite (VCSS), its payment solution platform, with the possibility to cater for the Visa Direct services, both within the scope of transfers to card (push-to-card) and transfers to account (push-to-account). Additionally, the platform will be fitted with solutions to handle Visa+, a modern solution allowing for payments with the use of payment card identifiers associated with phone number or email address. In this way Visa+ will facilitate the process of sending funds and increase the comfort of users. The solutions developed by Visa will be integrated with the systems provided by VISIONA as part of new versions of VCSS and made available to its clients. This partnership is quite unique for us. Visa supports the development of its clients, and we treat this cooperation as a proof of trust from a global payment organisation and confirmation of our strong market position. We hope that this agreement will be an important step towards long-term technological cooperation between Visa and VISIONA, says Marcin Rusinek, CEO and Member of the Management Board at VISIONA. Visa is very much involved in the development of solutions used to transfer money, and Visa+ and Visa Direct belong to this group. These services transform the way people are sending money globally. You can imagine the ongoing changes as a switch from the one-way street of consumer payments to the motorway system which allows you to send and receive money not only domestically but also all over the world, adds Tomasz Włodarczyk, Business Development Director at Visa. It is Visa's goal to make the payments faster, safer, more transparent and available for consumers and companies. We are looking forward to cooperation with VISIONA, as it means that our solutions will be available to an even wider group of people and will make their daily tasks easier.
Indian Express
24-06-2025
- Business
- Indian Express
Elon Musk's X working on physical debit card as part of new ‘X Money' venture: Report
Following its rebranding, most people now associate 'X' with the Elon Musk-owned social media platform. However, as per findings from AppSensa (a mobile app intelligence firm), the X app has been updated with new code strings, referencing a physical debit card, customisable with X usernames. This comes as part of an upcoming venture called X Money. Some code strings have the words 'physical_card_option', indicating both a potential physical card, as well as it being an option, according to a report by TechCrunch. This is a notable development for X Money, after CEO Linda Yaccarino announced in January this year that it is partnering with Visa to enable secure, instant funding to the user's X Wallet via Visa Direct, alongside enabling peer-to-peer (P2P) payments. Yaccarino had hinted at bigger announcements about X Money throughout the year. In order to support the venture, X (as X Payments LLC) has taken money transmitter licences in 32 US states till date, as per NMLS Consumer Access. It has also increased its registrations to 41 US states as well. Other code uncovered by Appsensa indicates potential cashbacks, deferred debit, theft indication, and cancellation of either the user's virtual or physical card. Based on the code, it seems that the virtual and physical cards are independent of each other. Another noteworthy aspect is the potential links to other brands. While Visa is the only brand currently confirmed to be working with X, the code indicates links to Mastercard and Amex as payment card brands supported by the platform. This development also shows progress in X owner Elon Musk's plan in November 2022 to make it into an 'everything app', and hinted at the addition of payments and banking within the app. Since Musk's 2022 takeover, the platform is said to have alienated many users and advertisers over reports of rising hate speech and misinformation. In 2024, app researcher Nima Owji spotting the addition of a 'Payments' button in the in-app navigation bar. In a recent Financial Times interview, Yaccarino said that X Money would be offering investments and trading within the app. However, with the last official reference to the release date being Yaccarino's post on January 28 announcing the partnership with Visa, it is still unclear when X Money will be officially launched. Other social media giants, such as Facebook parent Meta, have added shopping, games and even dating features. Consumers now have different platforms at their disposal for communications, payment services, entertainment and more. (This article has been curated by Purv Ashar, who is an intern with The Indian Express)
Tahya Masr
23-06-2025
- Business
- Tahya Masr
Visa Expands Stablecoin Initiatives in CEMEA
Visa (NYSE: V), a global leader in digital payments, announced significant advancements in its stablecoin initiatives, with expanded settlement capabilities in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region and a strategic partnership with Yellow Card, a leading pan-African fintech. These efforts further underscore Visa's vision for transforming money movement and building the next generation of payment infrastructure through innovative technology. With the payments landscape more dynamic and competitive than ever, stablecoins are emerging as one of the most promising tools for faster and more accessible digital payments. Godfrey Sullivan, Visa's Senior Vice President and Head of Product and Solution for CEMEA, said, 'In 2025, we believe that every institution that moves money will need a stablecoin strategy. As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments. Modernizing Settlement Infrastructure Visa is expanding its stablecoin settlement solution to select issuers and acquirers in CEMEA, enabling USD cross-border transactions through blockchain technology. This initiative helps reduce settlement costs, enhances liquidity management, and can support 365-day settlements, including weekends and holidays. In 2023, Visa became one of the first major payments networks to settle transactions in stablecoin when it piloted enabling clients to fulfill their settlement obligations in USDC. To date, over $225 million in stablecoin volume has been settled through Visa across participating clients. Enhancing Cross-Border Money Movement Visa is partnering with Yellow Card, a leading pan-African fintech, to explore stablecoin use cases and opportunities across markets where Yellow Card is licensed to operate to help streamline treasury operations and enhance liquidity management. The partnership is intended to test integration opportunities with Visa Direct to further investigate and expand cross-border payment options. As one of the world's largest digital payments networks, Visa Direct enables secure and seamless funds delivery across more than 190 countries and territories. Chris Maurice, Co-Founder and CEO of Yellow Card, said, "Together with Visa, we're building a bridge between traditional finance and the future of money movement. We look forward to continuing to innovate new solutions that can transform how money moves for even more secure, efficient, and transparent payment solutions."
Economic Times
22-06-2025
- Business
- Economic Times
Elon Musk's X could launch a physical card with X Money: Report
— lindayaX (@lindayaX) Live Events X's foray in the financial technology space may soon include physical payments , TechCrunch reported, citing recent discoveries from mobile app intelligence firm AppSensa. The firm has identified new code strings in the X mobile app over the past several weeks, pointing to the development of a customisable physical debit card tied to a user's X backend code updates reference a variety of card-related functions, such as tracking the shipping status of the debit card, activating it upon delivery, reporting it as lost or stolen, locking the card, setting a personal identification number (PIN), and more. Specific terms like 'physical_card_option' and 'physical' appear multiple times throughout the code, strongly indicating the possibility of a physical revelation comes on the heels of X CEO Linda Yaccarino 's January announcement that Visa would be the first official partner for X Money , a new service enabling users to load their X Wallet via Visa Direct instantly. The platform is designed to support peer-to-peer payments, link with users' debit cards, and facilitate instant bank also emphasised that this partnership with Visa marks just the beginning of a series of major developments for X Money expected throughout 2025. Collectively, these moves suggest that X is positioning itself to compete more directly with established digital banks and payment prepare for its entry into financial services, X has been steadily acquiring money transmitter licenses across the United States. By December 2023, the company had secured approvals in twelve states. That number has now risen to 40 states plus Washington, D.C., marking significant progress toward national code unearthed in the app further suggests how the payment system might function. References to features such as 'cashback' and 'deferred debit' imply that users could benefit from spending incentives or choose when their transactions are debited. There are also indications that users will have the ability to manage virtual and physical cards independently, including the option to cancel one without affecting the the code includes mentions of MasterCard and American Express, suggesting that X may be in talks to broaden its payment network beyond Visa. Elon Musk , the owner of X, has consistently framed the platform as more than a social media service. Since acquiring Twitter and rebranding it to X in mid-2023, Musk has described plans to build a comprehensive 'everything app' encompassing payments, banking, video, and content creation tools. That vision has roots in Musk's earlier venture, — the online financial services company he co-founded in the late 1990s that eventually became PayPal. He reacquired the domain in 2017, long before the Twitter 2024, X was spotted adding a 'Payments' option to its navigation menu, reinforcing its commitment to financial services. Yaccarino has also recently revealed that investments and trading will be part of the broader X super app X has not announced an exact launch date for X Money, the company has signalled that more details will come 'later this year,' as stated in Yaccarino's earlier post. X declined to comment when approached for further clarification.
Yahoo
20-06-2025
- 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
