[-] 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)

[-] 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, ...

[-] 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.

[-] 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.

[-] 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. ^^

[-] 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.

6

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.

Krok_Gazon

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