A private company that is already enshittifying, to be precise.
After years of gathering market share by being a zero commissions solution, lately they introduced commissions in some cases higher than what more consolidated payment solutions have.
As far as I understand, it’s nothing more than bank-to-bank transfer, just made easy with links and QR codes instead of typing IBAN in your online banking.
Wero is an account-to-account (A2A) solution, meaning that transfers will go through almost immediately once approved. It follows the SEPA Instant Credit Transfer protocol established by the European Payments Council in 2017.
A private company that is already enshittifying, to be precise. After years of gathering market share by being a zero commissions solution, lately they introduced commissions in some cases higher than what more consolidated payment solutions have.
This is what makes me hopeful with Wero being a government initiative, but it needs a serious push before it starts to become useful.
Do we have any documentation about the origin of the infrastructure providers for Wero?
As far as I understand, it’s nothing more than bank-to-bank transfer, just made easy with links and QR codes instead of typing IBAN in your online banking.
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