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The European Payments Initiative (EPI) has officially launched the Wero digital wallet in Germany, signaling a major financial shift. This new solution offers fast, secure, card-free payments built on Europe's own SEPA Instant Credit Transfer system. What Is Wero? Wero—a name merging “we” and “euro”—is Europe’s answer to foreign digital wallets like Apple Pay and Google Pay. Instead of relying on card networks, Wero processes payments directly between bank accounts in under 10 seconds. This real-time approach bypasses interchange fees, making it more cost-effective for merchants and transparent for consumers. The wallet is embedded in partner bank apps, ensuring trusted access for millions across Germany. Why Wero Matters Now Backed by a consortium of 16 major European banks, Wero gives Europe digital payments independence and control over data infrastructure. EPI’s Managing Director Martina Weimann stated, “Wero is built in Europe, by Europeans, for Europeans—and it’s time we lead.” European policymakers have long pushed for digital sovereignty to reduce overreliance on U.S. tech platforms. Thus, Wero represents both financial innovation and strategic autonomy. Key Features That Set Wero Apart Users can send instant peer-to-peer (P2P) payments using phone numbers or email, without requiring cards or IBANs. For shopping, Wero enables in-store QR code payments and biometric-authenticated e-commerce checkouts for extra security. Moreover, it includes tools for bill splitting, loyalty integration, and budgeting, making it more than just a payment method. Because it's SEPA-based, transactions are settled in real time, offering both speed and transparency. Merchant Adoption and Reach Already, over 150,000 German merchants accept Wero, including grocery stores, pharmacies, and public transport operators. Retailers benefit from lower transaction fees, instant settlement, and API-friendly POS integration through QR or plugins. Soon, Wero will appear alongside PayPal and card buttons on major e-commerce sites, boosting visibility and customer choice. This rollout marks the beginning of a multi-phase expansion strategy backed by strong institutional support. Supported Banks and User Access Banks like Deutsche Bank, Commerzbank, Sparkassen, and BNP Paribas are enabling Wero through their mobile apps. This integration gives more than 10 million users direct access to Wero digital wallet in the initial launch phase. EPI expects numbers to rise quickly as consumer trust, convenience, and savings fuel further adoption across EU markets. Security and compliance are core: Wero is GDPR and PSD2-compliant, with open banking protocols built-in for flexibility. What’s Next for Wero? In late 2025, Wero will expand to France and Belgium, with Italy, Spain, and the Netherlands following in 2026. Future features include subscriptions, cross-border payments, and BNPL options, creating a full-service digital wallet ecosystem. The European Central Bank and EU Commission are actively supporting the initiative to promote local payment innovation. As Wero grows, it could redefine Europe’s digital payment landscape, making the EU less dependent on outside platforms. Competitive Edge Against Global Giants Wero's bank-backed model, SEPA rails, and fee savings challenge the status quo held by Apple Pay and Google Pay. While those apps dominate mobile usage, Wero digital wallet offers users something distinctly European—and potentially more empowering. Its expansion comes at a time when consumers and regulators increasingly demand transparency, control, and fair competition. If successful, Wero could become the default wallet for millions seeking speed, security, and European-built solutions. Read the full article

Reaaliaikamaksaminen ei tällä hetkellä ole täysin automaattisesti yritysten maksuliikenneohjelmissa käytössä, vaan siitä tulee tehdä erillinen sopimus pankin kanssa. Tulevaisuudessa reaaliaikamaksaminen tulee kuitenkin varmasti olemaan normi, jota kaikki hyödyntävät.