Tweet money if you live in France

For people with a bank account and a Twitter handle in France, transferring money via Twitter is now just a click away.

Tweet money if you live in France

London: For people with a bank account and a Twitter handle in France, transferring money via Twitter is now just a click away.

Groupe BPCE, France's second largest bank, has teamed up with the micro-blogging site to offer the unique service.

S-money, a division of the Groupe BPCE, will take care of the service, Financial Times reported.

"Groupe BPCE is the first banking group to offer individuals a payment solution where they can transfer money with a simple tweet," Jean-Yves Forel, Groupe BPCE chief executive (commercial banking and insurance), was quoted as saying.

The initiative opens up a whole new range of payment opportunities on social networks.

With the S-money agreement, Twitter has introduced a money transfer product before its much larger rival Facebook, the report added.

Recently, Twitter had launched a "buy" button to allow people to purchase products directly from a tweet.

According to Olivier Gonzalez, chief executive of Twitter France, the micro-blogging site is well suited to payments because of its "live, public, conversational dimension".

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close