{"id":17275,"date":"2023-09-01T12:18:04","date_gmt":"2023-09-01T12:18:04","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17275"},"modified":"2023-09-01T12:18:04","modified_gmt":"2023-09-01T12:18:04","slug":"can-x-become-a-financial-super-app","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/can-x-become-a-financial-super-app\/","title":{"rendered":"Can X Become a Financial Super App?"},"content":{"rendered":"<p>Elon Musk&#8217;s rebranding of Twitter into X is part of an effort to create an expansive &#8220;everything app&#8221; that encompasses social media, e-commerce, payments and banking. The move is seen as necessary for Twitter&#8217;s transformation into a broader platform that facilitates a new range of opportunities. However, the shift from Twitter to X also raises questions about trust, especially in financial services. The regulatory complexities and the challenge of retaining user trust (along an increased potential for payment fraud) pose hurdles to Musk&#8217;s super app aspirations. The success of this approach, reminiscent of the East Asian super app WeChat, remains uncertain in the West.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17275 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (22nd April \u2014 20th May)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-22nd-april-20th-may\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/05\/1273af59-1bcb-1294-5dd6-0ebd6114cf121-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16673\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16673'>\n\t\t\t\tBFC FinTech Monitor (22nd April \u2014 20th May)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Financial Institution Positioning for Long-Term Post-Crisis Success'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/financial-institution-positioning-for-long-term-post-crisis-success\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/12\/d700e3b9-5d96-e344-814a-6e11673c84441-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16496\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16496'>\n\t\t\t\tFinancial Institution Positioning for Long-Term Post-Crisis Success\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='World\u2019s fastest growing online-only SME bank to expand to the Middle East'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/world-s-fastest-growing-online-only-sme-bank-to-expand-to-the-middle-east\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/07\/world-s-fastest-growing-online-only-sme-bank-to-expand-to-the-middle-east-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13317\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13317'>\n\t\t\t\tWorld\u2019s fastest growing online-only SME bank to expand to the Middle East\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Elon Musk&#8217;s rebranding of Twitter into X is part of an effort to create an expansive &#8220;everything app&#8221; that encompasses social media, e-commerce, payments and banking. The move is seen as necessary for Twitter&#8217;s transformation into a broader platform that facilitates a new range of opportunities. However, the shift from Twitter to X also raises &hellip;<\/p>\n","protected":false},"author":12,"featured_media":17243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17275"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=17275"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17275\/revisions"}],"predecessor-version":[{"id":17276,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17275\/revisions\/17276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/17243"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}