Fintech Insider Podcast by 11:FS

817. News: Elon Musk's X Announce Peer-to-Peer Payments

Jan 15, 2024

Nirav Patel, CEO at Andaria Financial Services, and Jason Mikula, Founder of Fintech Business Weekly, join the hosts to discuss Elon Musk's plans for peer-to-peer payments on X (formerly Twitter). They also cover topics such as embedded finance, Revolut's biometric data lawsuit, rate cuts by Barclays and Santander, SEC's approval of new Bitcoin ETPs, China's Ant Group eyeing a Dutch fintech acquisition, and record high pothole insurance claims.

01:07:47

Creator website

Episode guests

Nirav Patel

Jason Mikula

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

X, formerly Twitter, plans to launch peer-to-peer payments in 2024, potentially leveraging its large user base and brand loyalty.

Embedded finance firm Andaria's partnership with MasterCard enables businesses to integrate payment services into their platforms, expanding global reach and enhancing customer experience.

Barclays and Santander have slashed mortgage rates in the UK amid intense competition, while concerns about affordability and long-term recovery persist.

Deep dives

X Plans to Launch Peer-to-Peer Payments on Formerly Twitter

X, formerly Twitter, plans to launch peer-to-peer payments in 2024 as part of its transformation into an all-encompassing app. The move follows the granting of three new money transmitter licenses in the US. While some are skeptical about X's competitive advantage in the crowded peer-to-peer payment market, others believe that its large user base and brand loyalty could drive adoption. However, there are concerns about the profitability of peer-to-peer payments and whether X can generate significant revenue from this venture.

Introduction

2min

Elon Musk's X to Introduce Peer-to-Peer Payments

12min

Scaling Challenges and Embedded Finance

15min

Loyalty Programs, Open Banking, and a Lawsuit Against Revolut

4min

Regulatory Challenges for Revolut

11min

Rate Cuts and the Mortgage Market

10min

Factors Affecting Inflation, Interest Rates, and Geopolitical Uncertainty

2min

Bitcoin ETP Approval and SEC Account Hack

11min

Our expert hosts, David Barton-Grimley and Rachel Pandyan, are joined by some great guests to talk about the most notable fintech, finance and banking news from the past week.

From Elon Musk's 'everything app' to the SEC's bitcoin ETF approvals, via Revolut biometrics data lawsuit, it's been quite a week in the world of fintech, and we have you covered with expert reaction, analysis and insight.

This week's guests include:

Nirav Patel, CEO at Andaria Financial Services
Jason Mikula, Founder of Fintech Business Weekly

We cover the following stories from the fintech and financial services space:

Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.

Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Techcrunch, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry.

Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL.

Whether you’re already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you.

If you enjoyed this episode, don't forget to subscribe and please leave a review

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Fintech Insider Podcast by 11:FS

817. News: Elon Musk's X Announce Peer-to-Peer Payments

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

X Plans to Launch Peer-to-Peer Payments on Formerly Twitter

Andaria Partners with MasterCard to Enhance Embedded Finance Solutions

UK Mortgage Rates Drop Amid Speculation of Lower Base Rates

Increase in Pothole Insurance Claims

Ant Group's Acquisition of Multi-Safe Pay

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AI-powered
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highlights

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Fintech Insider Podcast by 11:FS

817. News: Elon Musk's X Announce Peer-to-Peer Payments

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

X Plans to Launch Peer-to-Peer Payments on Formerly Twitter

Andaria Partners with MasterCard to Enhance Embedded Finance Solutions

UK Mortgage Rates Drop Amid Speculation of Lower Base Rates

Increase in Pothole Insurance Claims

Ant Group's Acquisition of Multi-Safe Pay

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Save anymoment

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