publication
2025-06-04 11:02
The European alternative to Visa and Mastercard has gained a strong ally. Revolut has just reported to the European payment initiative. Services with the Wero logo will appear in his application.
In 2024, the project was acquired by the undertaking, which was discussed for at least a decade. Under the name Wero, a mobile portfolio has started, which is to be the beginning of a European alternative to patterns built by great players from across the ocean.
Behind the Wero application are institutions associated in the European Payment Initiative. As we pointed out in Bankier.pl, the tool initially resembled BLIK-A cut only for P2P transfers. First of all, the options of quick settlements could use Germany and later in France.
At the beginning of 2025, payments in electronic trade were successfully tested in vero. 40 million European clients already use the services under this banner. The plans are to be launched on a full scale of e-commerce payment (in the second half of 2025), and then handling payments at physical shopping points and subscription (from 2026).
The Alliance was strengthened by the important player in Europe – Revolut. Revoluta customers, initially in France, Belgium and Germany, will gain access to the verbs function directly in the application. First of all, these will be fast, free transfers between system users. Later – subsequent functions implemented in vero.
Ep is not the only European undertaking that aims to build a local payment solution. The alliance under the name Europa, established by players from Italy, Spain and Portugal, is also growing in strength. Native BLIK has also joined the covenant recently. Integration is a move ahead of the threat of market loss in favor of technological tycoons.
The data published by Flagship Advisory Partners shows that global M-portfers based on payment cards are increasing their participation in Europe. In some countries (dishes, Norway, Sweden) this is at the expense of local payment solutions.
