For people with a bank account and a Twitter handle in France, transferring money via Twitter is now just a click away.
Groupe BPCE, France's second largest bank, has teamed up with the micro-blogging site to offer the unique service.
S-money, a division of the Groupe BPCE, will take care of the service, Financial Times reported.
"Groupe BPCE is the first banking group to offer individuals a payment solution where they can transfer money with a simple tweet," Jean-Yves Forel, Groupe BPCE chief executive (commercial banking and insurance), was quoted as saying.
The initiative opens up a whole new range of payment opportunities on social networks.
With the S-money agreement, Twitter has introduced a money transfer product before its much larger rival Facebook, the report added.
Recently, Twitter had launched a "buy" button to allow people to purchase products directly from a tweet.
According to Olivier Gonzalez, chief executive of Twitter France, the micro-blogging site is well suited to payments because of its "live, public, conversational dimension".
