Elon Musk hints Twitter could become WeChat-style Super App with payments 📲; Mastercard launches biometric program as it wants to be an early mover 👁; Nubank’s strongest quarter in history 🇧🇷🚀

Good Morning FinTech, 19 May

Good morning Everyone,

And happy Thursday! Despite the week being almost over, today’s issue is as hot as ever. From Twitter’s Super App plans to Mastercard’s biometric payments ambitions and Nubank’s strongest quarter ever (+ lots of funding news), this is something you cannot miss. Let’s go:

Elon Musk hints Twitter could become WeChat-style 'Super App' with payments 📲

The scoop 👀 While right now everyone’s eyes are on whether or not Tesla CEO Elon Musk will proceed with his Twitter acquisition, there’s something even more interesting that many have missed. Elon has hinted that the social media platform could become sort of a super app similar to the Chinese WeChat that would also support payments.

More on this 👉 Musk spoke during a panel hosted by Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg for their “All-In” podcast, Decrypt reported.

Musk agreed that WeChat is “actually a good model” to follow and is something that has to be available beyond China as well. “If you're in China, you kind of live on WeChat, it does everything. It's sort of like Twitter, plus PayPal, plus a whole bunch of other things. And all rolled into one [...] great interface. It's really an excellent app.” said Musk.

According to the Tesla boss, “we don't have anything like that outside of China,” and having such an app “would be really useful” as it would also give content creators a revenue stream, allowing them to post videos, while users will be able to leave spam-free comments.

So, is this something that could make Twitter great again and maybe create the first global super app of the West? Here’s the takeaway: