French bank preps Twitter-based P2P payments service

French bank preps Twitter-based P2P payments service

French banking group Banque Populaire Caisse d'Epargne (BPCE) has teamed up with Twitter to let customers tweet money to each other.

From next month, everyone with a bank card and a Twitter account in France will be able to use the P2P payment service through BPCE's S-Money unit.

Details on how the system will work are scant but S-Money's mobile wallet has been integrated with the social network so that users can move money to recipients through their Twitter handle.

Nicolas Chatillon, CEO, S-Money, says: "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."

Oliver Gonzalez, CEO, Twitter France, adds: "We warmly welcome this innovation developed by Group 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."

Earlier this month Twitter began testing a 'buy' button that merchants can embed in tweets so that shoppers are able to make purchases from within the social network.

Comments: (7)

A Finextra member
A Finextra member 16 September, 2014, 01:16Be the first to give this comment the thumbs up 0 likes

Interesting solution.

I am a bit surprised that this is coming from France. French banks are mostly known as followers and not innovators.

 

A Finextra member
A Finextra member 16 September, 2014, 08:26Be the first to give this comment the thumbs up 0 likes

Yes we've done it !
Not only followers. We also innovate :)
It's not the first innovation we have launched, and it will not be the last one.

A Finextra member
A Finextra member 16 September, 2014, 08:52Be the first to give this comment the thumbs up 0 likes

Bonjour M Hannache,

mes felicitations! Est-ce-que ca serait possible de vous contacter en directe via email ou LinkedIn etc.?

Hello Mr. Hannache,

congratulations to your innovative project! I am sure that the customers will love it.

I am also sure that we will get more exiting news from you in the future.

A Finextra member
A Finextra member 16 September, 2014, 08:57Be the first to give this comment the thumbs up 0 likes

Hi Ulrich

You can contact me through LinkedIn

Stéphane

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 16 September, 2014, 08:58Be the first to give this comment the thumbs up 0 likes

On Twitter, "Follower" is a good thing!

A Finextra member
A Finextra member 16 September, 2014, 09:04Be the first to give this comment the thumbs up 0 likes

twitter etc. in China is not that easy to access.

Yes, I am in China. ;-)

A Finextra member
A Finextra member 19 September, 2014, 11:05Be the first to give this comment the thumbs up 0 likes

Many thanks for this post, I'm very proud of this innovation which gives a good example of our innovation strategy.

 

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