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Twitter, French bank join hands for money transfers via tweets

New Delhi: 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
IANS October 13, 2014 13:17 IST
IANS

New Delhi: 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".