The bank's S-Money service allows money transfers via text message and relies on the credit-card industry's data security standards.
Everyone with a bank card and a Twitter account in France will be able to send money to other users easily and free of charge with a simple Tweet. This service has been developed by S-money, the electronic money subsidiary of Groupe BPCE that provides an electronic wallet solution on mobile phones.
"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," said Jean-Yves Forel, Groupe BPCE Chief Executive Officer responsible for Commercial Banking and Insurance
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."
A preview of the new service is available upon registration on http://s-money.fr/twitter.
Twitter is racing other tech giants Apple and Facebook to get a foothold in new payment services for mobile phones or apps.
BPCE and Twitter declined to provide further details ahead of a news conference in Paris on Tuesday to unveil the service.
Rakuten Bank in Japan offers a similar "Transfer by Facebook" service that lets users of its mobile banking app send money to anyone in their Facebook friends list.