Latest news with #Wero
Finextra
3 days ago
- Business
- Finextra
Deutsche Bank to offer Wero payment acceptance
Deutsche Bank's Merchant Solutions business is integrating Wero into its payments acceptance offering ahead of the mobile wallet's launch in Germany. 0 Launched to harness the potential of account-to-account (A2A) payments to help European banks take on the might of Visa and Mastercard, the European Payments Initiative's Wero has already enrolled 40 million users across the first wave of markets it has entered. Having initially focused on P2P payments, the effort is about to target online checkouts. Deutsche Bank will enable clients to accept Wero in its home market as well as Belgium and France after go-live, with the Netherlands and Luxembourg to follow in a subsequent step. The bank - which is an EPI shareholder - says that the offering is not just for conventional merchants, it is also being opened up to market integrators and aggregators, such as fintechs and payment service providers. 'By integrating Wero, we will be able to offer our clients a modern and European alternative to current international payment solutions - a solution that is secure, efficient and deeply rooted in Europe. It will become one of the bank's core local payment methods,' says Corina Metternich, head, business product payment methods, Europe, Deutsche Bank.
Finextra
07-07-2025
- Business
- Finextra
Five more Belgian banks join the European payments Initiative
Five big banks in Belgium have joined the European Payments Initiative (EPI) with the intention of rolling out the Wero digital wallet and instant account-to-account (A2A) payment application to customers in the first half of next year. 0 Argenta, Bank Van Breda, Beobank, Crelan, and vdk bank are preparing to roll out Wero within their own banking apps or as a standalone app for making P2P payments, further extending the initiative's reach within Belgium. Koen Spinoy, member of the executive committee at Beobank, comments: 'In line with our strong digital journey, mobile app usage at Beobank has grown by over 300% in just five years. Integrating payment solutions such as Wero is a logical next step in our digital evolution. Wero aligns perfectly with our commitment to provide innovative, secure, and convenient payment experiences that meet our customers' everyday needs.' Available since Summer 2024 for person-to-person transactions in Belgium, France and Germany, Wero has already gained more than 40 million registered users. Future iterations include the introduction of e-commerce payments later this year, followed by in-store payments, subscription management, and loyalty services from 2026. The new Belgian members follow the recent recruitment of five Luxembourg banks and fintech super app Revolut. Martina Weimert, CEO of the EPI Company. 'I'm particularly proud to see the number of members trusting us is growing. These new members' local presence and close relationship with their customers will be essential to making Wero a trusted part of everyday payments across the continent."
Reuters
07-07-2025
- Business
- Reuters
Belgian banks join European Payments Initiative to expand Wero wallet across Europe
July 7 (Reuters) - Five Belgian banks - Argenta, Bank Van Breda, Beobank, Crelan and vdk bank - said on Monday that they were joining the European Payments Initiative and that they would roll out the EPI's digital wallet Wero to their customers next year. WHY IT'S IMPORTANT: The EPI was set up by European banks in a bid to rival the dominance of U.S. companies Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab. EPI has been hit in the past by some other banks leaving its network. KEY QUOTES: "By integrating Wero into our offering from 2026, we will empower our clients – entrepreneurs and liberal professions - with a fast, secure, and intuitive way to manage their payments which is fully aligned with their daily needs," said Bank Van Breda CEO Dirk Wouters. BY THE NUMBERS: According to the EPI, the Wero digital wallet it launched last year already has 40 million registered users across Belgium, France, and Germany.
The Star
07-07-2025
- Business
- The Star
Belgian banks join European Payments Initiative to expand Wero wallet across Europe
FILE PHOTO: A view of a Beobank building in Brussels, Belgium January 31, 2023. REUTERS/Yves Herman/File Photo (Reuters) -Five Belgian banks - Argenta, Bank Van Breda, Beobank, Crelan and vdk bank - said on Monday that they were joining the European Payments Initiative and that they would roll out the EPI's digital wallet Wero to their customers next year. WHY IT'S IMPORTANT: The EPI was set up by European banks in a bid to rival the dominance of U.S. companies Visa and Mastercard. EPI has been hit in the past by some other banks leaving its network. KEY QUOTES: "By integrating Wero into our offering from 2026, we will empower our clients – entrepreneurs and liberal professions - with a fast, secure, and intuitive way to manage their payments which is fully aligned with their daily needs," said Bank Van Breda CEO Dirk Wouters. BY THE NUMBERS: According to the EPI, the Wero digital wallet it launched last year already has 40 million registered users across Belgium, France, and Germany. (Reporting by Sudip Kar-Gupta; Editing by Hugh Lawson)
Finextra
30-06-2025
- Business
- Finextra
Strategic agreement between EPI and EuroPA: building a unified European digital payments network: By Roberto Garavaglia
On June 23, 2025, the 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲 (𝗘𝗣𝗜) and 𝗘𝘂𝗿𝗼𝗣𝗔 announced a major collaboration aimed at creating an interoperable, sovereign European ecosystem for digital payments—offering a credible alternative to international card schemes. WHO ARE THE KEY PLAYERS? EuroPA is an alliance of national digital payment champions – 𝗕𝗮𝗻𝗰𝗼𝗺𝗮𝘁(Italy), 𝗕𝗶𝘇𝘂𝗺 (Spain), 𝗠𝗕 𝗪𝗔𝗬 (Portugal), 𝗕𝗹𝗶𝗸 (Poland), 𝗜𝗥𝗜𝗦 (Greece), and 𝗩𝗶𝗽𝗽𝘀 𝗠𝗼𝗯𝗶𝗹𝗲𝗣𝗮𝘆 (Nordics). These solutions are already widely adopted and focus on enabling technical interoperability between existing mobile wallets, offering fast and integrated payment experiences within their local banking ecosystems. EPI has launched Wero, a pan-European digital wallet based on SEPA Instant Credit Transfers (SCT Inst) and Payment Initiation Services (PIS) under PSD2. Wero enables instant, account-to-account (A2A) payments without relying on traditional card networks. WHAT ARE THE DIFFERENCES? EuroPA solutions are rooted in domestic infrastructures, with varying technological approaches. Wero, in contrast, offers a unified architecture, designed for full interoperability and scale across Europe. What they share is the 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗿𝗼𝗹𝗲 𝗼𝗳 𝗯𝗮𝗻𝗸𝘀, who manage accounts and ensure service delivery. WHY DOES THIS MATTER? The agreement lays the groundwork for true operational convergence between well-established solutions and a next-generation infrastructure. It accelerates the adoption of A2A payments across all transaction types: P2P, B2C, C2B, B2B WHAT ABOUT THE DIGITAL EURO? The digital euro, a retail CBDC under development by the ECB, shares key goals: instant payments, interoperability, and reduced dependency on non-European networks. But there are fundamental differences: 📌 In the EPI-EuroPA model, payments are executed in commercial bank money, with banks playing a central role. 📌 In the digital euro model, payments would be made in central bank money, with banks having a less central role in the transaction flow. THE FUTURE OF EUROPEAN PAYMENTS DEPENDS ON A SYNERGY BETWEEN COMPLEMENTARY MODELS ... ➡️ Commercial banks + infrastructure innovation (EPI-EuroPA) ➡️ Central bank money + digital inclusion (digital euro) 🔗 EPI Company Press Release: 🔗 Finextra:
