Wero
Retail - payments - information technology - EPI.
Wero is a digital wallet developed by EPI.
"The European Payments Initiative (EPI) is thrilled to announce the successful completion of its first account-to-account instant payment transactions with wero, EPI’s newly developed instant payment solution.
This significant milestone was achieved today through a proof of concept conducted between customers from Sparkasse Elbe-Elster in Germany and Banque Populaire and Caisse d’Epargne (Groupe BPCE) in France.
The inaugural transaction, worth 10 euros, was sent today from a German account to a French account via the easy-to-use new payment solution. The advanced technology employed by the dedicated teams at both banks ensured that the transfer was instant. Subsequently, the bank teams proceeded to conduct several additional transactions throughout the day...
This successful demonstration shows the progress [made] by EPI in building its account-to-account (A2A) payment means based on SCT Inst and its digital wallet."
European Payments Initiative (EPI) - 14 December 2023.
"Choosing the name wero... combines different elements which we stand for: the collective European character of the “we” and a pronunciation close to the word “Euro”. Finally, wero is close to “vero” meaning “true” in Latin-based languages."
Martina Weimert - CEO, European Payments Initiative - September 2023.
See also
- Application
- Chip card
- Digital payment
- Digital wallet
- e-money
- EPI
- Information technology
- Instant payments
- Payment
- Proof of concept
- Retail
- SCT Inst
- Wallet
