how instant transfers revolutionized the way we manage money

Fast, secure, less cumbersome, the French welcome mobile payment services. If the American company Paypal and the French company Lydia currently dominate this market, European banks have started to counter-attack with the launch of Paylib in 2013 and, more recently, with the creation of the Wero electronic wallet (which replaces Paylib). An initiative to complement traditional interbank transfer systems and move forward with the dematerialization of payment methods. Uses that are increasingly anchored in the habits of the French.

“Since I discovered Paylib and now Wero, it’s so much simpler”says Laurent, who lives in Paris and regularly uses the instant transfer service. Connected directly to the bank account, only the phone number is enough to send money. It is no longer necessary for the payer and the beneficiary to both have an account, as is the case…