I used Wero for the first time yesterday, and I found it very easy to link to my bank account (just one click on a pop-up). The app is really convenient.

I visited their website and discovered that Wero is currently available in most banks in France, Belgium, and Germany. Their goal is to create a payment system across all of Europe, enabling online payments, in-store payments, or even replacing IBAN transfers.

Wero website

" Wero is part of the European Payments Initiative (EPI), supported by 14 major European banks and the two largest payment processors in Europe. Our goal is to create a new payment system for Europe, for the future."

I think Wero could replace Visa and Mastercard in our daily payments. I would like to hear your thoughts on this. If you are in France, Belgium, or Germany, you can activate it. Initially, this will support the project, as it is not yet fully functional to replace the payment methods of all European countries.

  • waffle@sh.itjust.works
    2·
    10 days ago

    Make sure that your device is not ‘rooted’. If the operating system is an Android variant (also called a ‘custom ROM’), such as LineageOS or Pixel Experience, then the wero app can’t be installed for security reasons.

    (cf. https://support.wero-wallet.eu/hc/en-us/articles/25599098295313-I-m-seeing-this-error-message-Your-device-does-not-meet-our-security-requirements)

    I can’t use it but it looks neat! I hope these companies will one day realise that requiring the user’s device to be an opaque jail controlled by a usually foreign third-party isn’t good security practice :/

    • helloyanis@jlai.lu
      1·
      10 days ago

      Also, apparently the app can’t open on my phone. I checked the logcat and it’t trying to make a division by 0 which instantly crashes the app, and I can’t tell them because you need to contact support through the app to be in contact with someone.

      Thankfully, my bank apps supports it so I can do it this way (even with root) but it’s a bit dangerous if you can’t access the app for any reason and can’t talk to a human at all, that would lock you out of your money

  • lostbit@feddit.nlEnglish
    1·
    11 days ago

    yup its based on the popular dutch payment service iDEAL

    funny enough because we have such a good working system already we will be the last to be plugged in lol. Somewhere in 2026 iDEAL will be replaced with it

  • devfuuu@lemmy.world
    0·
    10 days ago

    Reading the site it seems it’s just another way to send money by using phone number. So, something that already exists in my country for all banks universally and nowadays a new alternative also came to the table which is SPIN which every bank is also already integrating. At least the branding and the page is cool and modern.

    • Krok_Gazon@feddit.ukOP
      1·
      10 days ago

      Wero is not just another way to send money using a phone number. Unlike existing national solutions, Wero aims for European interoperability, which many local solutions lack. Most national systems are limited to a single country, while Wero (for now) seeks to unify P2P payments across Europe. In the future, it will allow us to pay in stores and online, with the ultimate goal of eliminating the need for American solutions such as Visa, Mastercard,Stripe, …

  • Lazycog@sopuli.xyzM
    0·
    11 days ago

    I’ve been so excited about this. Just wish they would spread to more countries already. I’m impatiently waiting :)

  • Teppichbrand@feddit.org
    0·
    10 days ago

    I learned that they use Instant Payment from one IBAN to another. I can already fire up my banking app and send instant money to your IBAN in 30 seconds. So why do we need a middle man for that? Isn’t that just another company between my bank account and you’re bank account, making something that already exist a little bit more convenient? Who pays them?

    • Krok_Gazon@feddit.ukOP
      1·
      10 days ago

      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)