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Someone here suggested WERO, we read about it and have just activated it in our bank. It was very simple and took 2 or 3 clicks.

An all-in-one digital wallet solution:

Wero is a new European payment system designed to modernize the way we handle transactions across the continent. Launched in 2024, it aims to unify various national payment solutions into a single platform.

Wero is the brainchild of the European Payments Initiative (EPI), a consortium of 16 European banks. The initiative was born out of a need to create a sovereign and unified payment solution for Europe, reducing dependence on non-European payment systems like Visa & Mastercard.

With Wero, sending money to friends and family will be much easier because it allows you to send and receive €€ instantly using just an email address, phone number, or QR code. No more IBANS, 3 days of waiting to receive πŸ’Έ etc.

It's also a good alternative for Paypal πŸ‡ΊπŸ‡Έ and it is designed to replace several national payment solutions, including Giropay πŸ‡©πŸ‡ͺ, Paylib πŸ‡«πŸ‡·, Payconiq πŸ‡§πŸ‡ͺ πŸ‡±πŸ‡Ί and iDEAL πŸ‡³πŸ‡± which not always work cross-borders.

The roadmap is full of features to be implemented like online and in-store payment.

For the moment, it's available only in Germany, France and Belgium.

Website: wero-wallet.eu

#europeanalternatives #wero #paypal #BuyFromEU #bank

Wero - Digital payment wallet

Experience fast and secure digital payments with Wero’s wallet, enabling you to send and receive money between bank accounts in under 10 seconds.
wero-wallet
#europeanalternatives #paypal #buyfromeu #bank #wero
This entry was edited (11 months ago)

Tobias Ernst reshared this.

in reply to All Europeans πŸ‡ͺπŸ‡Ί

mastodon - Link to source

Ati

We have a nicely working system like this called Blik in Poland. It's made by a consortium of banks and Mastercard. I don't know exactly how it's organised because one of those banks for example is ING but I don't know if "main dutch ING" or polish branch only? However things not-so-great about it would be Mastercard (not exactly european although with some EU capital if I'm not wrong..?) plus it requires either Google proprietary Android or iOS to work so again - "murican" techbros :(
in reply to Ati

mastodon - Link to source

All Europeans πŸ‡ͺπŸ‡Ί

@ati1

Ah cool, we searched here about it and found many articles talking about WERO and BLIK, there is a real possibility that they will one day integrate to each other:

thefinanser.com/2024/10/could-…

thepaypers.com/thought-leader-…

Could Poland's BLIK be core to the EU’s future payment service? - Chris Skinner's blog

Living in Poland, I have got used to using their local system for payments called BLIK. The way BLIK works is that you access your bank account app, enter a code, get a code back and make a payment at a point-of-sale, ATM, online or anywhere that nee…
Chris Skinner's blog
@Ati
in reply to All Europeans πŸ‡ͺπŸ‡Ί

mastodon - Link to source

Ati

Sounds great. Now let's hope this part of european tech independece would not start with "first install murican tech bro spyware called android on your phone" only to "be later able to pay contactlessly via Mastercard" ;D Cos for now, (however it works great) it is completely dependent on american big tech an neither me with Linux phone, nor even guys seeking tech independence with more mainstream AOSP based Android forks (Graphene, eOS etc) are unable to use it at all.
in reply to Paule Panther

friendica (DFRN) - Link to source

Tobias Ernst

@kiiixx @All Europeans πŸ‡ͺπŸ‡Ί If I get it right WERO is really just like a nice and easy interface to SEPA transactions that will ultimately also be available at the counter. SEPA transactions are for free, so I'd expect WERO to be for free as well. I think WERO is really about European banks not loosing all their business to U.S. American credit card operators and Fintechs like Paypal.
@All Europeans πŸ‡ͺπŸ‡Ί @Paule Panther
in reply to Tobias Ernst

mastodon - Link to source

All Europeans πŸ‡ͺπŸ‡Ί

@tobifant @kiiixx

I don't know about insurance but it is going to be free. πŸ™‚

Yeah, traditional EU banks are way behind on digitalisation and instant payments, which is why new digital banks and payment platforms like PayPal and Lydia are doing so well.

So WERO will be a competitor to services such as PayPal, as well as to some EU digital banks that already offer instant payments. In the future, they plan to implement services that could potentially replace the need to use Apple Play and Google Wallet.

In the long term they could try to be a global payment solution to compete with Visa and Mastercard not only in the EU but also internationally, who knows!

@Tobias Ernst @Paule Panther
Unknown parent

friendica (DFRN) - Link to source

Tobias Ernst

@All Europeans πŸ‡ͺπŸ‡Ί @kiiixx Yeah and that makes total sense. I am old enough to remember the time when we in Europe had cheap bank transactions, everybody had a current account with the bank, and we were laughing out loud about the U.S. and their ancient paper check based system; credit cards at that time were pure luxury for the travelling rich. Then the American credit card companies started pushing into our market and we accusomted ourselves to paying fees we would not have to pay had we sticked to the European system. They were so scucessful particularly because European banks failed to offer a solution for online shipping. It is time for Europe's banks to claim back the European market!
@All Europeans πŸ‡ͺπŸ‡Ί @Paule Panther

reshared this

in reply to Javi

mastodon - Link to source

All Europeans πŸ‡ͺπŸ‡Ί

@zgjavi

They should have used Bizum instead of creating a new system πŸ€”
But they will probably integrate Bizum and Wero in the future:

xataka.com/empresas-y-economia…

El Banco Central Europeo lleva cinco aΓ±os peleando por crear literalmente un "Bizum europeo". Ahora ha...

Europa quiere tener su propio gran sistema de pagos instantΓ‘neos. Eso permitirΓ­a evitar la dependencia de las grandes lΓ­deres del mercado, Visa y Mastercard,...
Javier Pastor (Xataka)
@zgjavi
in reply to All Europeans πŸ‡ͺπŸ‡Ί

mastodon - Link to source

Ondrej Omar Martinek

Well support the Digital Euro initiative because that will literally solve all the issues with private payment systems: youtu.be/1Al3ZIFUQ5U?si=x8ZNJv…

Why we Need a Digital Euro | Evelien Witlox (ECB)

Check out the Daily Upside: https://bit.ly/3FOJ0akMore info about the Digital Euro: https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html?utm_medium...
YouTube
Unknown parent

friendica (DFRN) - Link to source

Tobias Ernst

@koehntopp ~ : @All Europeans πŸ‡ͺπŸ‡Ί Well, in Germany they have the Volksbanken and Sparkassen and ING and Deutsche Bank on board (and with them a lot of data centers that also supply services to small banks that would equally be able to introduce it at virtuall no cost). That's a large customer base. The only large German bank rejecting it so far is Commerzbank.
@All Europeans πŸ‡ͺπŸ‡Ί @koehntopp ~ :
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