European mobile payment system: WERO
The dependence on US tech companies, their software and cloud solutions is high.
There is a lot of talk about digital sovereignty in Europe.
Wero is a European mobile payment system that should replace Giropay in Germany, Paylib in France, Payconiq in Belgium and Luxembourg, and iDEAL in the Netherlands.
The service was launched on 2 July 2024 by the European Payments Initiative.
The service competes with PayPal, credit cards and similar services.
It started as a real-time payment system in 2024, and from summer 2025 extended online payment functions were added on a step-by-step basis.
The name is a portmanteau made up of the English personal pronoun we and the name of the European Union's common currency, the Euro, but is also based on the Italian word vero, meaning true.
Wero - Digital payment wallet
Experience fast and secure digital payments with Wero’s wallet, enabling you to send and receive money between bank accounts in under 10 seconds.wero-wallet.eu