My Experience with Wero : Ease and Convenience (feddit.uk)

submitted 2 years ago by Krok_Gazon@feddit.uk to c/buyeuropean@feddit.uk

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I used Wero for the first time yesterday, and I found it very easy to link to my bank account (just one click on a pop-up). The app is really convenient.

I visited their website and discovered that Wero is currently available in most banks in France, Belgium, and Germany. Their goal is to create a payment system across all of Europe, enabling online payments, in-store payments, or even replacing IBAN transfers.

Wero website

" Wero is part of the European Payments Initiative (EPI), supported by 14 major European banks and the two largest payment processors in Europe. Our goal is to create a new payment system for Europe, for the future."

I think Wero could replace Visa and Mastercard in our daily payments. I would like to hear your thoughts on this. If you are in France, Belgium, or Germany, you can activate it. Initially, this will support the project, as it is not yet fully functional to replace the payment methods of all European countries.

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[-] waffle@sh.itjust.works 3 points 2 years ago

Make sure that your device is not 'rooted'. If the operating system is an Android variant (also called a 'custom ROM'), such as LineageOS or Pixel Experience, then the wero app can’t be installed for security reasons.

(cf. https://support.wero-wallet.eu/hc/en-us/articles/25599098295313-I-m-seeing-this-error-message-Your-device-does-not-meet-our-security-requirements)

I can't use it but it looks neat! I hope these companies will one day realise that requiring the user's device to be an opaque jail controlled by a usually foreign third-party isn't good security practice :/

[-] helloyanis@jlai.lu 2 points 2 years ago

Also, apparently the app can't open on my phone. I checked the logcat and it't trying to make a division by 0 which instantly crashes the app, and I can't tell them because you need to contact support through the app to be in contact with someone.

Thankfully, my bank apps supports it so I can do it this way (even with root) but it's a bit dangerous if you can't access the app for any reason and can't talk to a human at all, that would lock you out of your money

[-] jlow@beehaw.org 1 points 2 years ago

Welp, I wish https://en.wikipedia.org/wiki/GNU_Taler was here already

[-] JustEnoughDucks@feddit.nl 1 points 2 years ago

Is this like bancontact?

https://nl.m.wikipedia.org/wiki/Bancontact (sorry, English version was shit)

Bancontact in Benelux has mostly replaced bank transfers and online payments. They are in Germany I think too. The only downside is they seem like not a great company doing things like seemingly making deals with all of the Belgian banks to get rid of their ATMs in every city with special bancontact ATMs at special bancontact locations.

[-] yournamehere@lemm.ee 1 points 2 years ago

wero is a joke on so many levels. for one they require you to have an account with either scumbags google or apple to even download their app. it is not the gsf but that they do not offer a direct download of the app. so much about privacy. second volksbank is involved and they are scumbags too because their branch DZB prevented an alternative to visa. fuck em.

[-] MicrowavedTea@infosec.pub 1 points 2 years ago

It seems each merchant also needs to integrate it into their checkout. It looks good so really hope it takes off but right now it looks a bit like this.

[-] lena@gregtech.eu 4 points 2 years ago

[-] MicrowavedTea@infosec.pub 0 points 2 years ago

Haha yeah you're not wrong I'm just pessimistic

[-] Krok_Gazon@feddit.uk 1 points 2 years ago

I hope that's not the case, ahah, but honestly, I don't think I've ever seen such broad acceptance. As always, the banks are the ones who decide, and it seems like everything is already set in stone.

[-] StrangeMed@lemmy.world 1 points 2 years ago

I wonder how much will it take to spread in Italy, we're slow in everything lol

[-] Lazycog@sopuli.xyz 1 points 2 years ago

I've been so excited about this. Just wish they would spread to more countries already. I'm impatiently waiting :)

[-] Krok_Gazon@feddit.uk 2 points 2 years ago

They still have a long way to go, but it's worth noting that they are very fast (Wero was launched in July 2024 and has already won over 14 major banks).

Their roadmap: https://www.europeanpaymentscouncil.eu/news-insights/insight/wero-shaping-future-european-payments

I think it is imperative for those who already have access to use this payment method whenever they have the opportunity, to show our interest and convince European banks that this solution is viable.

[-] Lazycog@sopuli.xyz 1 points 2 years ago

That is so good and inspiring to see. And agreed! The more people who can use it start using it the faster it will grow. Really looking forward to this.

[-] Sunshine@lemmy.ca 1 points 2 years ago

Hopefully canadian banks adopt Wero too!

[-] cronenthal@discuss.tchncs.de 1 points 2 years ago

Not supported by my banks yet, but here's hoping.

[-] lostbit@feddit.nl 1 points 2 years ago* (last edited 2 years ago)

yup its based on the popular dutch payment service iDEAL

funny enough because we have such a good working system already we will be the last to be plugged in lol. Somewhere in 2026 iDEAL will be replaced with it

[-] alvvayson@lemmy.dbzer0.com 0 points 2 years ago

They really should get the domain we.ro

Imagine, you need a payment and just send a link like we.ro/john67

[-] Krok_Gazon@feddit.uk 1 points 2 years ago

This domain is no longer available. Maybe you are not the first to think about this feature. ^^

[-] alvvayson@lemmy.dbzer0.com 1 points 2 years ago

I hope so 😁

[-] VeganCheesecake@lemmy.blahaj.zone 0 points 2 years ago

It's supported by the Belgian Branch of my bank, but not the other national branches.

[-] Krok_Gazon@feddit.uk 0 points 2 years ago

This is the case for many banks; we are in a trial period. For example, in Belgium, at ING, Wero has almost entirely replaced Payconiq (national payment method), while it seems that ING NL is still using iDEAL. It can be read in certain articles that the central bank of the Netherlands is awaiting the success of Wero's implementation in the test territory before replacing iDEAL in the Netherlands.

[-] JustEnoughDucks@feddit.nl 1 points 2 years ago

Interesting. Almost everything that I have ever seen in belgium uses bancontact. Online shops all over Benelux, Germany, and even some in Poland use bancontact. P2P bank transfers are far and away done with it too.

All of the ATMs over a ton of Flanders just got switched to bancontact ATMs also. It doesn't seem like that is being replaced anytime soon.

I have never even heard of wero until this thread 😅

[-] Teppichbrand@feddit.org 0 points 2 years ago* (last edited 2 years ago)

I learned that they use Instant Payment from one IBAN to another. I can already fire up my banking app and send instant money to your IBAN in 30 seconds. So why do we need a middle man for that? Isn't that just another company between my bank account and you're bank account, making something that already exist a little bit more convenient? Who pays them?

[-] Krok_Gazon@feddit.uk 1 points 2 years ago

Wero is aiming for EU-wide interoperability, so you don’t have to worry about whether your bank supports it or if cross-border transfers are a hassle. Also, not all banks offer instant transfers for free. Wero will remove that friction while keeping merchants, not users, on the hook for fees, just like card networks, but European. (For now banks are paying) Wero is not a middle man but a standardised platform (like Visa or Mastercard)

[-] devfuuu@lemmy.world 0 points 2 years ago

Reading the site it seems it's just another way to send money by using phone number. So, something that already exists in my country for all banks universally and nowadays a new alternative also came to the table which is SPIN which every bank is also already integrating. At least the branding and the page is cool and modern.

[-] Krok_Gazon@feddit.uk 1 points 2 years ago

Wero is not just another way to send money using a phone number. Unlike existing national solutions, Wero aims for European interoperability, which many local solutions lack. Most national systems are limited to a single country, while Wero (for now) seeks to unify P2P payments across Europe. In the future, it will allow us to pay in stores and online, with the ultimate goal of eliminating the need for American solutions such as Visa, Mastercard,Stripe, ...

this post was submitted on 08 Mar 2025

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