BPCE hints at ‘Tweet your money’ service

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All Twitter users in France – irrespective of their bank – will be able to ‘Tweet’ money to one another from October.

The S-money service, developed by the electronic money subsidiary of Groupe BPCE, will allow users to send money to others free of charge, ‘easily, rapidly and securely’ according to a press release. But beyond these limited details, BPCE is keeping quiet on how the service will work, as the first banking group to launch such a service. Instead, curious [French] Twitter users can enjoy a preview at http://s-money.fr/twitter.

“We warmly welcome this innovation developed by Groupe BPCE and the service it provides to Twitter users in France by integrating its S-Money service into a live, public, conversational dimension characteristic of Twitter,” said Olivier Gonzalez, CEO of Twitter France.

“The ease of use and immediacy of the S-Money payment solution for individuals is perfectly adapted to the Twitter user experience,” said Nicolas Chatillon, CEO of S-Money. “[It] offers Twitter users in France a new way to send each other money, irrespective of their bank and without having to enter the beneficiary’s bank details, with a simple Tweet. We plan to make this new service available to the general public in early October.”

Twitter also launched a ‘click to buy’ button last week, in a bid to integrate the social networking platform into the e-commerce market. Virtual Affairs is also unveiling a service today allowing BankingRight customers to make payments via Facebook. Social networking and payments are rapidly becoming intertwined.

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