Find out if your bank is compatible with Wero, the new instant payments giant that could well dethrone Paylib!
Tl;dr
- The European payment wallet Wero is launched in France.
- Wero will gradually replace Paylib, with additional features.
- It will be offered by several French banks.
Introduction to Wero
The wallet European payment, Challengetakes off in France. It is intended to gradually replace Paylib, while providing new features. For now, Wero allows send money instantly and for free to another accountby simply indicating the beneficiary’s mobile number.
A Pan-European Wallet
The advantage of Wero over Paylib is that it will allow money transfers to bank accounts in Germany, Belgium, and soon Luxembourg and the Netherlands. Indeed, Wero positions itself as a pan-European walletwith the ambition to operate in all countries of the Single Payments Area (SEPA).
More than just a Wallet
Wero’s features are not limited to money transfers. Ultimately, it should make it possible to pay on the internet, including in several installments, but also in stores, at ATMs, etc. It is therefore positioned as a direct competitor to the bank card.
Wero and the French Banks
Several large French banks have already announced their intention to soon offer the new Wero service. Among them, we find BPCE (Banque Populaire, Caisse d’Epargne), Crédit Agricole, Crédit Mutuel Alliance Fédérale, BNP Paribas, Hello Bank, SG, La Banque Postale and Crédit Mutuel Arkéa.
Editorial opinion
Wero appears to be a significant step forward in the modernization of payment systems in Europe. Its ability to operate at EU level could contribute to greater European financial integration. However, its success will depend on consumer adoption and its ability to provide a secure and reliable service.
