The service is made available through Groupe BPCE’s electronic money subsidiary S-money.
Everyone with a twitter and a bank account can use the service to send money to others via tweets, free of charge.
S-Money CEO Nicolas Chatillon said in a statement: "(S-Money) 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."
The money transfer service comes as part of the social network giant’s efforts to venture into online payments business.
Groupe BPCE commercial banking and insurance CEO Jean-Yves Forel had previously said: "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."
Image: The French can use Twitter to transfer money. Photo: courtesy of bplanet / FreeDigitalPhotos.net.
