The card brand also touted its payments partnership with the social media platform X as evidence of strength in its partnership strategy.

Visa on Thursday reported $5.1 billion of profits for the final three months of 2024, up 5% from the year prior, as consumer spending remains solid even as some inflation persists. Visa’s per-share earnings for its fiscal first quarter amounted to $2.

The social media platform is trying to become an ‘everything app,’ starting with a payments feature, but at least it’s not all about Musk’s favorite digital currency. In an effort to monetize the social media platform,

Payments giant Visa and Elon Musk's X are partnering to offer direct payment solutions to customers of the social media app, a person familiar with the matter told Reuters on Tuesday.

Musk once dreamed of making X the “biggest financial institution in the world,” taking the first step of launching a peer-to-peer payments competitor to PayPal’s Venmo, Block’s Cash App and bank-owned Zelle.