Digital payments in 140 characters or less
A new digital payment service in France will let people pay each other via Twitter for free.
French banking group BPCE announced details Tuesday about the new app, S-Money, which can be downloaded from iTunes or Google Play and allows users with a French credit card and phone number to link their card information to Twitter to begin making payments to other individuals or organizations and companies that have downloaded the service.
Payments are capped at 250 euros (about $317) for individuals and 500 euros ($635) for charities in times of crowd-funding. Users also have to use a specific format for their payments to be accepted. S-Money has opted for € rather than the written version of euros, for example.
While other digital payment platforms have the option of privacy for payments, all Twitter payments are visible to the public–so discretion is advisable.