Visa, a leading credit card and digital payments company, announced its partnership with XMoney to launch the XMoney Account, allowing users to transfer funds instantly and securely to their X Wallet via Visa Direct. The feature will also be connected to the user's Visa debit card, enabling easy P2P payments. Additionally, users will have the option to transfer funds directly to their bank accounts. This partnership is another step towards X's goal of becoming an all-in-one app, similar to China's super app model.
X, formerly known as Twitter, has announced a partnership with Visa to launch the XMoney Account, making it easier for users to transfer funds and make payments.
X has been working towards becoming an all-in-one app, offering a wide range of services to its users. The partnership with Visa is a significant step in this direction, as it will allow X to offer financial services to its users.
Visa is a leading credit card and digital payments company. The company has a global network of over 200 countries and territories, and it processes over $13 trillion in transactions annually.
The XMoney Account is a new type of account that will allow users to:
The XMoney Account is designed to be a convenient and secure way for users to manage their finances. It is integrated with X's existing payment system, which is used by over 300 million people worldwide.
1. What is the XMoney Account?
The XMoney Account is a new type of account that will allow X users to transfer funds instantly and securely, link their Visa debit card for easy P2P payments, and transfer funds directly to their bank accounts.
2. How do I open an XMoney Account?
To open an XMoney Account, you will need to have an X account. You can open an X account by downloading the X app from the App Store or Google Play.
3. What are the fees associated with the XMoney Account?
There are no fees to open or maintain an XMoney Account. However, there may be fees associated with certain transactions, such as transferring funds to a bank account.
4. Is the XMoney Account secure?
Yes, the XMoney Account is secure. It is protected by the same security measures that protect X's existing payment system.
5. How can I learn more about the XMoney Account?
You can learn more about the XMoney Account by visiting the X website or the Visa website.
Bharti Airtel, one of India's leading telecom companies, saw a 5% surge in its shares after reporting a significant jump in profits for the third quarter of the fiscal year 2025. This comes after the company sold its stake in Firefly to iBus for 4.5 crore rupees and was named the top network performer in Tamil Nadu in a report released by TRAI. With their profit increasing five-fold to 16,134 crore rupees in Q3, Bharti Global, which recently acquired a 24.5% stake in British Telecom, has appointed Airtel's Gopal Vittal as the new Acting GSMA Chair. In addition, Airtel has also awarded Ericsson a multi-year 4G and 5G deal and has cleared their spectrum dues worth 3,626 crore rupees, contributing to the overall surge in Sensex and Nifty.
In a big development, Bharti Airtel's promoter, Indian Continent Investment Limited, has sold 0.84% stake in the telecom giant for ₹8,475 Crore in a block deal. This comes after the promoter entity had already offloaded 1.20% stake to Bharti Telecom. This move further reduces the promoter's stake in the company, which now stands at 3.31%. On the other hand, Bharti Telecom's stake in Airtel has increased to 40.47%. Airtel also announced securing a new submarine cable in Chennai.
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An investigation is underway after a third-year B.Tech student from Nepal was found hanging in her hostel room at Kalinga Institute of Industrial Technology. The accused, a third-year Mechanical engineering student, has been arrested under allegations of harassment. The incident has sparked protests and calls for justice from students and authorities, including Nepal's Prime Minister who has dispatched officials to counsel affected Nepali students.
Vivo has announced the launch of its new V50 smartphone in India, starting at a competitive price of Rs 34,999. This latest model boasts similar features and specifications to its predecessor, the V40, but with notable performance updates. Along with a Snapdragon 7th gen 3 processor and dual 50 MP camera sensors, the device boasts a 6.78 inch quad curved FHD display and 6,000 mAh battery with 90W charging support. Additionally, it comes in three stylish shades and is equipped with AI features for enhanced usability and performance. With the phone's release on Flipkart, it's sure to be a hit among tech enthusiasts looking for high-end features at a mid-range price point.
In the wake of the tragic stampede at New Delhi Railway Station, the Indian Railways has announced plans to utilize artificial intelligence and create permanent holding areas at 60 railway stations throughout the country to better manage crowds. The decision comes after 18 lives were lost in a stampede caused by overcrowding during the Maha Kumbh Mela in Prayagraj. A special campaign has also been launched to address potential issues and gather input from passengers and station staff.
Zen Technologies, a defence firm, has reported a 30% increase in net profit for the quarter ended December 2024. Despite a 7% decrease in its share prices, the company saw a turnover of Rs 19.07 crore with 1.39 lakh shares being traded. Further, the company has also recorded a significant growth in its revenue, EBITDA, and order book in the last quarter.
The Bengaluru Metro Rail Corporation Limited (BMRCL) has received numerous complaints about the recent increase in metro fares. In response, the BMRCL has decided to lower fares by 30% in certain areas. The Managing Director, Maheshwar Rao, stated that the decision was based on feedback from passengers. This reduction in fares will benefit 30-45% of passengers and will also introduce peak and non-peak hour fares similar to taxi services like Ola and Uber. This move is expected to make commuting more affordable for a large number of people in Bengaluru.
The 'Breathing Threads' event, held in New Delhi as part of the Bharat Tex 2025 exhibition, successfully showcased the beauty and versatility of Indian hand-woven textiles to a global audience. The event, organized by the Indian textile industry in association with Vaishali S Couture, highlighted the timeless elegance of handlooms in modern silhouettes and attracted buyers from various countries. The show not only promoted Indian heritage and sustainable fashion, but also demonstrated the potential for handloom exports and global recognition.
In a groundbreaking partnership, Deepspatial Inc., a leader in GeoAI-powered solutions, has joined forces with Indian Express Online Media to launch edskExpress, a digital news platform designed specifically for students in India. Set to be released in March 2025, the platform aims to combine high-quality journalism with advanced educational technology, providing tailored, age-appropriate content to over 1 crore students across the country. With the goal of fostering critical thinking and preparing students for the future, edskExpress offers curated news, personalized insights, interactive engagement, and plans for regional language expansion. According to Saurabh Tyagi, Director of Brand & Marketing at Deepspatial, this platform is the next step in shaping the future of learning and redefining knowledge delivery for the next generation.