Krok_Gazon

It is obvious that there are many ways to make digital payments, to the point that each European country has its own payment network.

Wero’s current goal is neither to replace your bank nor to become a company that controls your money. In my view, Wero should be seen as a payment network, similar to Visa, Mastercard, Stripe, etc.

If BLIK (which I am not familiar with) works well for you, that’s great. Wero will probably not replace it but rather to act as an additional layer.

The main advantage lies in European interoperability. If you travel to another European country, BLIK will probably be of no use to you (it appears to rely on the Visa or Mastercard network, depending on the bank, for payments outside of Poland). As a Belgian, if I want to use Bancontact outside of Belgium, I either have to withdraw cash before my trip, pay transaction fees for each payment, or use my Mastercard. In this regard, Wero seems to be a relevant solution.

What do you think?

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)

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.

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.

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

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.

You really make this community living! Thanks, don’t forget to sleep sometimes