Wero Wallet: the European Payments Initiative (EPI) Answer to Digital Payment Needs

The European Payments Initiative (EPI) has introduced the Wero wallet, a mobile-first solution designed to simplify digital payments. Initially available for German customers via Sparkassen, Volksbanken, and Raiffeisenbanken, Wero allows instant person-to-person money transfers. Deutsche Bank and KBC will introduce it later this year in Germany and Belgium, with a France launch planned for autumn. Wero streamlines transactions, allowing transfers using phone numbers, QR codes, or email addresses without intermediaries. Future expansions include P2Pro payments, in-store transactions, and integrated merchant services. The EPI-backed initiative aims to enhance Europe's financial autonomy and offer a range of digital payment services. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: The Fintech Times