#IOU – Twitter enters the payment services market


When Apple launched its latest iPhone in September one of the most talked about features was the Apple Pay service, which will allow iOS users to pay for good and services through their smartphones and has the potential to revolutionise the way we pay for things. And recently it’s been rumoured that Facebook is close to launching a new payment system also that will allow users to transfer money via the social network.

Not one to be left behind, and beating Apple and Facebook to it, Twitter has just launched its own innovative new way to pay for things – by tweeting of course. It’s teamed up with French mobile payment company S-money, a subsidiary of banking group BPCE, (France’s second largest bank), to offer users a new way to send each other money. The service allows anyone with a Twitter account and a bank card to ‘tweet money’ regardless of what bank they use, and without requiring the sender to know the recipient’s banking details.

To make an S-money payment over Twitter, the sender and the recipient must first link their Twitter usernames to their S-money accounts, and the sender must also install the S-money app on their smartphones. After that, it’s as simple as sending a tweet to @SmoneyFR with the hashtag #envoyer (‘send’ in French), the amount in euros and the Twitter username of the recipient.

Although a relatively fun and innovative way to pay, it remains to be seen whether the service will be a success or even expanded outside of France. So far the S-money app has just 100,000 downloads, leaving plenty of room for growth.

In truth, the service isn’t vastly different from the mobile to mobile payment services that have been launched by banks throughout Europe recently. These services allow users to transfer money through their phones by downloading and logging on to the relevant app on their smartphone and then using the recipient’s phone number to send them money, a service which S-money also provides. So what’s the compelling reason to use Twitter?

Since its launch, Twitter’s profitability has lagged behind that of Facebook and other rivals. It’s considered by many to be a ‘niche’ social media network and it still relies heavily on advertising for most of its revenue. Twitter’s success in developing additional services on its platform, as Facebook has done, will be key to its future profitability and industry observers will no doubt be watching the success of this new service closely.

But do social media users really want to use their accounts for anything other than status updates, tweets, looking at photos, and keeping in touch? Can Twitter and Facebook ever hope to be the new eBay or PayPal? Only time will tell…

Last month, Twitter started trials of its other new service, dubbed ‘Twitter Buy’, which enables an initial test number of users to buy products and services directly from their Twitter feeds from various partners such as Burberry and Home Depot. The service embeds a ‘Twitter Buy’ button inside tweets, and is enabled by San Francisco-based start-up Stripe. Twitter is expected to expand the service to more users as well as increase the number of retail partners in the coming months.


An Irish drag queen, social media and the ability to inspire collective activism

By Daragh Cassidy

The power of social media to inspire political upheaval and social change is profound.

In the Arab world, The Arab Spring was heavily influenced by Twitter, as citizens within areas affected by the uprisings used it as a means for collective activism in order to circumvent state-operated media channels and censorship. In Iran, government demonstrators and political opponents have often used Twitter as a means for collective activism too, so much so that the authorities have regularly banned its use in order to try suppress public dissent.

More recently, in Ireland, the power of social media to effect social change and spark activism was laid bare once more through events surrounding a debate on the issues of equality, homophobia and gay marriage.

It all started when Irish drag artist Panti Bliss (a.k.a. Rory O’Neill) performed on the late-night Saturday Night Show on RTE, the Irish state broadcaster. After the performance Rory was interviewed by host Brendan O’Connor as himself and spoke about gay attitudes in Ireland and the issue of homophobia.

During the interview Rory called the Iona Institute, a conservative right-wing Catholic lobby group based in Ireland, homophobic. His rationale for this was that they actively campaign against equal rights for gay people in areas such as marriage, employment and adoption. Rory also called the Irish journalist John Waters homophobic for similar reasons.

Rory a.k.a. Panti Bliss being interviewed on Irish TV

Rory a.k.a. Panti Bliss being interviewed on Irish TV

Little did RTE or Rory know what the ramifications of the interview would be.

Shortly after the interview was aired, the Iona Institute and John Waters threatened to take a defamation case against RTE, claiming they were defamed for having been labelled ‘homophobic’ on the TV show. Although the Iona Institute and RTE have since released wildly differing accounts of exactly what happened, the end result was that RTE paid out €85,000 in damages to John Waters and five members of the Iona Institute: Breda O’Brien, David Quinn, Dr Patricia Casey, Dr John Murray and Maria Steen, despite some of these people not even being named in the interview.

The reaction from the public was overwhelmingly negative. Many people felt it was wrong of state-funded RTE to pay out taxpayers’ money to the Iona Institute and John Waters and people questioned the impact the decision would have on freedom of speech. As Ireland will vote on the issue of gay marriage next year, people questioned how a civilised debate could now take place on the issue without fear of insults and threats of defamation.

As the furor over the payout escalated, RTE remained silent, no doubt hoping the controversy would die down. Panti, however, did no such thing.

They say a picture says a thousand words. In the digital age it’s a video. A gifted performer and excellent orator, Panti took to the stage at the end of a play in the Abbey Theatre in Dublin, to give a rousing, emotional and thought-provoking speech on the issues of homophobia and oppression.

Panti performing her speech at the Abbey Theatre in Dublin

Panti performing her speech at the Abbey Theatre in Dublin

The speech was filmed and then placed on YouTube. Since being uploaded, Panti’s ‘Noble Call’ has become a YouTube sensation. The speech has already been viewed over half a million times and been applauded by famous celebrities such as Madonna, Graham Norton, Stephen Fry and Martina Navratilova.

The speech has also been picked up by news outlets across the world and been translated into over a dozen languages. The hashtag #TeamPanti began trending on Twitter as people showed their support for Rory and t-shirts emblazoned with the words I’m On Team Panti began appearing in clothes shops around Dublin.

I'm On Team Panti t-shirts on sale in a shop in Dublin

I’m On Team Panti t-shirts on sale in a shop in Dublin

What was so interesting was that the speech, fuelled by social media, managed to provoke a wide-ranging and frank debate on marriage equality, gay rights and the issue of homophobia in Ireland, which in many people’s opinion was long overdue. Indeed, the video became so popular that the topic of homophobia and RTE’s payout was discussed all over Irish prime-time TV, the radio, and by government ministers in the Irish house of parliament.  

Social media continues to be used as an effective channel for marketers to advertise their products and services. As events in Iran, the Arab world, and now Ireland have shown, a far more important use is its ability to drive social and political change and debate.

And when you have a drag queen added to the mix that helps too I guess…


The tweeting Great White sharks

By Daragh Cassidy


Authorities in Western Australia have found a novel way to warn people about the dangers of swimming in the country’s shark-infested waters. They’ve created a Twitter account for sharks which automatically posts tweets whenever they come into close contact with beaches!

Scientists have attached small transmitters to hundreds of sharks in the region, including Great Whites, to monitor their movements near public beaches. Whenever the sharks swim within about a one kilometre distance of a beach, the transmitter triggers an automatic alert which is picked up by a computer. The computer then sends out a tweet from the Surf Life Saving Western Australia’s Twitter account (@SLSWA) to warn surfers and beach goers about the potential dangers.

Screenshot 2014-01-14 12.11.14The tweet even gives the size and breed of the shark, and its approximate location. Each transmitter can last up to a decade so they also provide a huge amount of invaluable scientific information about the behaviour and migration patterns of sharks.

Sharks are common around most of Australia’s shores and the country’s love of surfing and the outdoors, combined with its great weather, means people spend a lot of time in the water and more and more surfers and swimmers are coming into ever closer contact with the fish. The unfortunate result is that shark attacks on people are on the increase around Australia and Western Australia is now the world’s deadliest place for shark attacks. In November a surfer, Chris Boyd, was fatally attacked by a shark and became the sixth person to be killed by a shark in the region in just two years.

Recently there has been huge debate in Australia about how to tackle the problem of shark attacks. Some Australians have called for the widespread culling of sharks to be reintroduced in order to control their numbers; a practice outlawed decades ago in order to protect the once endangered species. However environmentalists and animal rights campaigners have vigorously opposed any moves to reintroduce the legal killing of the fish, calling the idea senseless and unwarranted. But with shark attacks on the rise, something needs to be done.

Authorities in Australia have long patrolled beaches for sharks using helicopters and boats but there was often a delay in relaying the information to beach goers. The recent spate of attacks has prompted local government to try think of new, and more efficient ways, of warning people about potential dangers and preventing incidents. Using Twitter, which warns people of the dangers almost instantly, and leaves the sharks alone, seems like the perfect way to protect the lives of beach goers…and save the sharks too!


Not another social media #fail

The perils of social media were laid bare once more when a planned question and answer session on Twitter with the American investment bank JPMorgan Chase & Co backfired badly for the company.

No doubt attempting to appear au courant with all things marketing and digital related, the bank asked Twitter users to send in questions via the network to its vice chairman Jimmy Lee with the hashtag #AskJPM. Jimmy was there, as the PR agents put it, to “answer your questions on leadership and life”.

However, the idea soon descended into farce with most people using the upcoming “event” as the perfect opportunity to mock the company and make their hostile feelings about JPMorgan well known.

A woman who said she was a community organiser and “next gen freedom fighter” asked if Mr Lee thought it was “ok to outright lie, cheat and steal”. “Matt” wanted to know Mr Lee’s favourite type of whale, while another user known as “Guerrilla Educator” asked if anyone in Mr Lee’s family had ever been foreclosed upon.

The user “Wu- Tang Financial” pretty much summed things up nicely when he loudly asked: “IS IT A FAIR ASSUMPTION THAT YO SOCIAL MEDIA TEAM DID NOT PROPERLY PROTECT YA NECK?”

The event, scheduled for lunchtime today, was quickly cancelled by the company before it had even officially begun, who admitted that it was a “bad idea” (well at least they were honest!) 


Ironically, JPMorgan was an underwriter of Twitter’s recent initial public offering of stock so one would have presumed they knew exactly what they were getting into. Besides, banks are hardly the most loved of institutions at even the best of times so the level of hostility directed towards JPMorgan should hardly have come as a surprise. 

A Q&A session with British Gas in October unleashed a similar level of loathing by the public and made world headlines for the company for all the wrong reasons. And who can forget last year, when a McDonald’s Twitter promotion using the hashtag #McDstories was hijacked by customers who used it to spread their horror stories of the fast food giant across the social networking site.

The British Monetary Policy Committee (who?) also had a Q&A Twitter session recently. Thankfully this passed off slightly better, presumably because no one really had a clue what to ask about monetary policy or quantitative easing.  

The lesson? While Twitter and social media have powerful benefits for companies it needs to be remembered that social media is also a two-way conversation between a company AND its customers and it can be a very public and easy place for companies to get things wrong. The seemingly best of ideas can quickly turn into the stuff of PR nightmares.

A company always needs to have clear social media objectives and to have a well-defined plan in place too. Having a well resourced team of social media experts is also important. And remember, just because everyone else seems to be doing something on social media doesn’t mean you need to too!

The future’s bright…the future’s #Twitter?

Although long considered the most important social media network, a new report from American investment bank Piper Jaffray shows that Facebook’s popularity is fading fast among the important teen market.

According to the bank’s 26th semi-annual market research report Taking Stock with Teens, Twitter has overtaken Facebook as the social media network that is most important to teenagers. 26% of respondents named Twitter as their “most important” social site while 23% said Facebook was most important to them, down from a high of 42% a year ago.


Worldwide, Facebook claims to have over one billion users, dwarfing that of Twitter. In the all-important US market, Twitter had 49 million active users on average during the second quarter of this year. In comparison, Facebook had 198 million users on average in the same period. However, if the report from Piper Jaffray is to be believed, those figures could reverse dramatically over the coming years.


Despite the growing popularity of Twitter, it remains a social media platform that a surprising number of people and businesses are uncomfortable with, at least for a slightly ‘older’ generation. Many people still don’t ‘get’ Twitter in the same way they understand and use other social networks such as Facebook and people tend to either love the site or not at all. However, the research from Piper Jaffray would appear to suggest that Twitter is a social platform that businesses can no longer afford to ignore.

Nevertheless, Twitter shouldn’t become too complacent either. The report also claims that Instagram has rocketed in popularity with teens. 23% said Facebook-owned Instagram was their No.1 choice, up from just 12% a year ago, suggesting Facebook was wise to acquire the site in 2012 as a backstop against losing younger users to competing, simpler networks.

Facebook is bad for you *Dislike*


Facebook may be great at keeping people connected and form a vital part of businesses’ marketing strategy, but new research suggests it may not be quite so good for people’s health.

In a recent study, scientists from the University of Michigan in the United States found a clear correlation between the time people spent on Facebook and their unhappiness.

82 participants took part in the recent study and all had smartphones and a Facebook account. Over a two-week period the participants were monitored closely and asked questions by text message about how well they felt at various times of the day. They were also asked questions about how much time they’d spent on Facebook.

After analysing the results, the researchers found that levels of Facebook use correlated with a greater loss of wellbeing. In contrast, talking to friends on the phone or meeting them in person led to greater levels of happiness!

While social media has its benefits in that it allows friends and family members to keep in contact in ways that weren’t previously possible, psychologists and social commentators have long remarked on the negative influence it can also have on people’s health and social skills as they increasingly rely on virtual contact as opposed to real face-to-face communication. This study would seem to back up those fears.

And while social media remains the buzzword among marketers at the moment, business leaders have long complained about the lack of decent communication skills and literacy skills among younger graduates who have grown up on a communications diet of short ‘txts’, 140-character tweets and meaningless status updates.

So perhaps it’s time we finally put the smartphones down and started communicating with each other in person that little bit more… for the sake of our communications skills as well as our health!


Not another social media network…

While practically everyone knows about Facebook, YouTube and Twitter at this stage, there’s a whole host of other social media networks that are vying for people’s attention. Some of the lesser known networks include Orkut, Tagged, Café Mom, Meetup, Ning, and even Google +.

Another lesser known network until recently was Pinterest. Pinterest is a pinboard-style photo sharing website where users can collect, group and share photos of their favourite events, interests or hobbies. Users can browse other pinboards for inspiration, ‘re-pin’ images to their own pinboards, and ‘like’ photos.


Pinterest is one of the fastest growing social media networks and according to comScore, a leading internet technology company that provides digital data analytics, it now has over 30 million users worldwide, placing it only behind Facebook, Twitter and LinkedIn.

Despite the increasing popularity of Pinterest, many companies have yet to create their own specialised page on the network. Indeed, one could probably argue that many companies don’t even know that the network exists, or at best have only a vague idea as to what it’s for.

So…do companies need to get in on the act and set up their own Pinterest page, or do we really need another social media site for engaging with customers? After Facebook, Twitter and perhaps YouTube, what other types of social media sites does a company really need to have?

A recent report from Forrester Research suggests that social media does almost nothing to drive sales. And Primark has succeed in becoming one of Europe’s most successful clothing brands without any real social media engagement or digital marketing strategy whatsoever. As a result, it’s not hard to see why certain companies may be slow to embrace social media, in particular the lesser known sites.

So should companies just stick with the main social media platforms or should they try to be on as many social media networks as possible?

The question probably depends on what area the company is involved in. Advertising agencies and people involved in the creative arts may have a greater need for a Pinterest page (to help showcase their work) as opposed to a Twitter account, for example. However, it’s difficult to see what companies in areas such as banking, insurance, finance or healthcare might need with a Pinterest account. And while most companies should be on Facebook, the case for all companies having a dedicated YouTube page is less convincing.

The key point is that companies should only engage with social media if they are prepared to do so properly. Being on all the social media networks just for the sake of it may actually hurt a company in the longer term if it’s not prepared to engage with the sites, monitor them properly and update them regularly.

As a result, it’s better in general that companies only use social media sites which they feel are a good strategic fit for their business and then leverage those sites to their maximum potential.