Soon You Can Transfer Money With Tweets Over Twitter

Who would have ever thought of combining the popular social networking site, Twitter and the popular bank service of transferring money together? The answer is- a French Bank called BPCE.

Groupe BPCE, which is considered to be the country’s largest bank, has recently launched a service which will allow people to transfer money through the social networking site with just a few clicks. This service can only be availed by individuals with valid French mobile numbers and bank accounts. This new feature will function by linking an individual’s Twitter account to the bank’s existing money transfer service.

The service named S-money will only allow people to transfer up to five hundred Euros through their Twitter accounts. This new feature introduced by BPCE is a sign of how technology is slowly but steadily seeping into the world of banking.

According to Nicolas Chatillon’s statement to The New York Times, “The service is instantaneous”. Nicolas is the head of the BPCE unit which is in charge of the project. He also added, “We’re trying to make life easier for Twitter users”. Chatilllon was the first one to approach the social networking giant with the idea over the summer.

The social networking site is currently working on a “buy” button that will get embedded in the posts and allow the Twitter users to buy products through their computers or Smartphones. The America based technology giant has not directly partnered with BPCE on the money transfer service. Instead, it has allowed the bank to incorporate its social network into the company’s own service of money transfer.

In order to transfer money using Twitter, users are required to post on the social networking site with the money service’s username, the Twitter handle of the person who will receive the sent money, the amount that needs to be transferred and hashtag “envoyer” for send in the French language.  The Twitter messages then automatically takes users to the bank’s money transfer product in order to complete the transaction. The Twitter messages will be visible to anyone and everyone, allowing people to see who has sent the money to whom on the social networking site.

A lot of tech based companies in the recent past have tried to find their footing in the banking sector. This all started when technology giant, Google, launched its online checkout service in 2007.

 

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