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Here in Italy we have Satispay. It is already quite big. I guess there are still some limitations but these are quickly fixed. Direct bank transfers and reduced fees Satispay
I haven't come across this one. Important difference: Wero is a EU government program, Satispay is operated by a private company.
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.
We're payment, how does week work | checkout.com
Sure. Wero is interesting because it is an official program but I am worried that it may not be so widespread. Here in Italy I never heard of it. Never seen anyone using it. Maybe it is new?
It is very new, yes
~~Its not really new. Wero is a rebrand of the Dutch iDeal which has been in widespread use for over a decade~~
Edit: After trying to find a source for that claim, Im not so sure its correct. The EPI did buy iDeal several years ago, but the text I'm finding doesn't say Wero is a rebrand of iDeal outright.
iDeal will be replaced by Wero (either the technology or the branding?) in the NL by 2027
I think that's wrong. Wikipedia says it's a new system. And yes, it started last year, so it is still rather new
Yeah.. It's a bit opaque, I'm not so sure anymore either.
https://nl.m.wikipedia.org/wiki/IDEAL
The Dutch Wikipedia page says that iDeal was bought by EPI in 2023. They then launched Wero in 2024, and eventually iDeal will be renamed to Wero (Note it says renamed and not replaced)
Maybe they rebranded it? Maybe they reused the technology? I'm not quite sure if and what the relation is.
Edit: This blog post from 2023 claims that EPI said iDeal will be used as the foundation for their (then future) payment platform Wero
https://bankblog.nl/2023/het-nederlandse-ideal-is-verkocht-en-wordt-straks-wero/
I learned about it recently myself on Lemmy. Many French banks are enrolled, but only 1 German bank. I hope it can develop, but today it's practically useless. It needs a serious push from national governments if they want it to succeed.
There's something similar in Spain called Bizum, created by banking institutions. Most Spanish banks implement it so your phone number is associated to your back account, so you can send and receive money instantly without fees to anyone just by knowing their phone number. Works really well.
Belgium had Payconiq, it's being replaced with Wero.
The program has expanded to Italy and Portugal too. The UE will end up mandating Europe wide interoperability among the biggest ones, is my guess