New Delhi, July 29 -- consolidate banking, payments, and investing into a single internet account. PayPal absorbed it, renamed the product, and the dream went dormant for more than two decades. On Tuesday, X launched X Money, and it looks, unmistakably, like the attempt to finish what that original company started.

X Money is a high-yield account paying 6 percent annually to Premium+ subscribers, a metal Visa debit card with 3 percent cash back on purchases, no-fee peer-to-peer transfers, and early wage access that deposits paychecks up to two days before the standard clearing date. Accounts are FDIC-insured. Apple Wallet and Google Pay compatibility is built in from launch. The product is currently invite-only, with no announced timelin...