Reports suggest that the service—expected to be introduced as “X Money”—is likely to begin with a limited rollout in the coming days
SAN FRANCISCO: (UrduPoint/UrduPoint / Pakistan Point News-April 27th, 2026) Elon Musk is set to roll out a new digital payments and banking feature under X, marking a significant step in his plan to transform the platform into an “everything app”.
The reports suggested that the service—expected to be introduced as “X Money”—is likely to begin with a limited rollout in the coming days. However, regulatory approvals remain a key challenge before a full-scale launch.
The company has already secured licences in several US states and previously announced a partnership with visa to facilitate digital wallet services and peer-to-peer transactions.
The upcoming platform is expected to include financial incentives such as savings accounts offering returns of up to six percent, along with cashback of around three percent on selected transactions.
Musk revealed plans to build an all-in-one digital platform shortly after renaming Twitter to X in 2023, following his acquisition of the company in 2022. The initiative reflects his broader strategy to expand beyond social media into financial services and digital payments.
