The report claims that Twitter has partnered up with France’s second largest bank, Groupe BPCE, and are planning to allow Twitter users in France to send money to one another via tweets. To help facilitate this, Twitter will allegedly be integrated into the bank’s S-Money service which currently allows users to transfer money to other users via a text message, regardless of their banks.
Both companies are expected to detail the new service later this week, so it will definitely be something worth keeping an eye out for. Now it is unclear if Twitter is limiting this service to France or if France will be one of the countries Twitter will be launching this money sending service in.
Given that Facebook has reportedly plans for a payments feature via their Facebook Messenger app, and with Apple Pay rumored for an 18th October launch, we guess it’s not surprising that Twitter is preparing themselves for the mobile payments scene as well.