# X could launch its in app payments feature sooner than expected; Here’s what Elon Musk is planning | Tech News (HT Tech) > X might launch its in-app payments feature sooner than expected. New screenshots reveal a “Payments” tab, and the company has secured key financial licences. Here’s what you should know about. # X could launch its in app payments feature sooner than expected; Here’s what Elon Musk is planning ## X might launch its in-app payments feature sooner than expected. New screenshots reveal a “Payments” tab, and the company has secured key financial licences. Here’s what you should know about. Aug 12 2024, 07:04 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![X could launch its in app payments feature sooner than expected; Here’s what Elon Musk is planning](https://images.hindustantimes.com/tech/img/2024/08/09/1600x900/X_could_launch_its_in_app_payments_feature_1723223074565_1723223074830.JPG) ![icon](https://images.hindustantimes.com/tech/static/revamp/images/png/imageviewall.png) X may launch its new in-app payments feature sooner than expected, according to recent reports. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By HT TECH X is reportedly moving forward with its in-app payments feature sooner than anticipated. Recent developments suggest that Elon Musk-owned X might be accelerating the rollout of its payment system on the platform. An app researcher recently uncovered a screenshot showing a new "Payments" option in the navigation bar, just below the Bookmarks button on X. ## New Features in Payments Tab The screenshot revealed additional options within the new Payments tab, including transactions, balance, and transfer features. X Payments, a subsidiary of the social media platform, has secured money transmitter licences in 33 states across the United States. These licences are crucial for any business involved in money transfers within the country. Also read: UPI payments may soon be authenticated by Face ID, fingerprint: Here’s what we know Also read click here. ## Licences and Regulatory Compliance According to TechCrunch, obtaining these licences is a required step for companies that aim to conduct financial transactions and money transfers across state borders. This achievement demonstrates X Payments' commitment to expanding its financial services and adhering to regulatory standards across a large part of the U.S. market. Also read: OpenAI is a bigger threat to Google than US regulators ## Steps Toward Becoming a Super App Introducing its own payment service would align with Musk’s vision of transforming X into a super app. When Musk acquired X, formerly known as Twitter, he reportedly had plans for features that would allow users to store funds and transfer money within the platform. Also read: ChatGPT now lets these users create cool AI images for free: Check all details The accelerated rollout of X's payments feature might also be a strategy to diversify the company's revenue streams. X has been facing challenges in generating income through advertising, leading to financial difficulties. Recently, the company took legal action against advertising groups that boycotted the platform, signalling its intent to explore alternative sources of income. As X moves closer to launching its in-app payment service, it edges nearer to Musk's broader vision for the platform, which could reshape its role in the digital economy. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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