Groupe BPCE, the first banking group to launch a payment solution enabling users to simply ‘Tweet’ money to one another
Starting in October, all Twitter users in France – irrespective of their bank – will be able to simply ‘Tweet’ money to one another thanks to the S-money service developed by Groupe BPCE.
Everyone with a bank card and a Twitter account in France will soon be able to send money to other users easily, rapidly, securely and free of charge with a simple Tweet. This innovative service has been developed by S-money, the electronic money subsidiary of Groupe BPCE that provides an electronic wallet solution on mobile phones.
As explained by Jean-Yves Forel, Groupe BPCE Chief Executive Officer responsible for Commercial Banking and Insurance: “This initiative is a good example of our innovation strategy regarding payments. Groupe BPCE is the first banking group to offer individuals a payment solution where they can transfer money with a simple Tweet. This S-Money initiative opens up a whole new range of payment possibilities on the social networks.”
“We warmly welcome this innovation developed by Groupe 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,” said Olivier Gonzalez, CEO of Twitter France.
For Nicolas Chatillon, CEO of S-Money, “the ease of use and immediacy of the S-Money payment solution for individuals is perfectly adapted to the Twitter user experience. 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. We plan to make this new service available to the general public in early October.”
To enjoy a preview of this new service before its official launch,
registrations are now open on http://s-money.fr/twitter
A press conference convened to present this Groupe BPCE innovation will be held on October 1st at the Group’s corporate headquarters
About S-money
S-money, a wholly-owned BPCE subsidiary, was set up specifically to provide payment and electronic money transfer services. In 2012, S-money received official approval in France as an Electronic Money Institution from the Prudential Control and Resolution Authority (Banque de France).
www.s-money.fr
Related links
About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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