Twitter to Be Used for Payments in France

Twitter to Be Used for Payments in France

27The popularity of Twitter is growing every day. There are new features and services added to it. In France, Twitter users can assess a new payment service backed by the country’s second-largest banking service. The users can now publicly repay debts, donate to charity or chip in for a gift. French micro-blogging service Twitter has concluded an agreement with the second-largest banking group in the country. Group BPCE, which includes Banque Populaire and Caisses d’Epargne, announced the service — called S-money — on Tuesday. This payment service works by the rather simple scheme. Users tweet a payment request to S-money, which then requires an authentication code before sending the amount — and a tweet to the destination confirming the payment for all the world to see. However there are some monetary limits. Transactions are limited to 250 euros when paying a Twitter user and 500 euros when sending money to charities or crowd-funding.

France is a country which prizes discretion for personal spending. The service only works between people who have French bank cards and cell phone numbers. Thereby this service is available for a large number of people. “We think that this is quite interesting for the Twitter user to be able to communicate the financial transactions that he has made,” said Armand Dos Santos, chief technical officer for S-money. “It happens to everybody … you don’t have cash to pay a babysitter. If she has an S-money account, it will be easy to exchange with her and pay her with a simple tweet,” said Olivier Gonzalez, CEO of Twitter France. The service will be available this week.

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