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