Twitter users in France can now tweet money to their followers, as the messaging platform beats Facebook by enabling person-to-person money transfer, reports The Financial Times.
S-money, a division of the second-largest French banking group by customers, Groupe BPCE, has teamed up with Twitter to offer the service which will be available to anyone with a bank account and a Twitter handle in France.
Jean-Yves Forel, Groupe BPCE chief executive in charge of commercial banking and insurance, said in a statement that the S-money initiative opens up a whole new range of payments opportunities on social networks.
“This initiative is a good example of our innovation strategy regarding payments. Groupe BPCE is the first banking group to offer individuals a payments solution where they can transfer money with a simple tweet,” he said.
Olivier Gonzalez, chief executive of Twitter France, said the home of the 140 character message was well suited to payments because of its “live, public, conversational dimension”.
The company did not say whether the transaction would be kept private, or visible to people you know, as many are on the PayPal-owned app Venmo.
Read more of this report from The Financial Times.
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users in France can now tweet money to their followers, as the messaging platform beats Facebook by enabling person-to-person money transfer.
S-money, a division of the second-largest French banking group by customers, Groupe BPCE, has teamed up with Twitter to offer the service which will be available to anyone with a bank account and a Twitter handle in France.