Tomorrow, officials from Group BPCE, France’s second-largest retail bank by number of branches, and its online payment unit S-money will reveal details of a new service at a press event in Paris. In a statement last month, BPCE said that Twitter users will be able to “send money to other users easily, rapidly, securely and free of charge with a simple tweet”. Details have not been released yet on the technicalities of the service, but the service requires users in France to hold a Twitter account and a bank account in order to transfer money via tweets.
Twitter is racing against other tech giants like Apple, Facebook, and eBay to gain a foothold in new payment services for mobile phones or apps. Recently, Apple announced a new mobile-wallet feature on the iPhone to allow in-store payments from a touch screen. Google already has a similar service with Google Wallet. EBay recently spun off PayPal to become more competitive in the rising use of consumer mobile commerce to pay for goods and services.
BPCE will offer peer-to-peer money transfers via Twitter to French consumers, regardless of what bank they use, and without requiring the sender to know the recipient’s banking details. BPCE, based in Paris, operates 8,000 branches and serves more than 36 million clients. Twitter’s partnership with BPCE will soon reveal the success or failure of this new mobile payment platform service.
http://www.theguardian.com/technology/2014/oct/13/twitter-bpce-payment-tweet-french
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