Twitter to be used for payments in France
Tuesday, 14 October 2014
Twitter users can now publicly repay debts, donate to charity or chip in for a gift with a new payment service backed by the country's second-largest banking service. Group BPCE, which includes Banque Populaire and Caisses d'Epargne, announced the service called S-money on Tuesday. 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. The service only works between people who have French bank cards and cell phone numbers, in a country that prizes discretion for personal spending. Transactions are limited to 250 euros when paying a Twitter user and 500 euros when sending money to charities or crowd-funding, according to AP.