Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#1

Post by healsdata » Wed, May 20, 2026, 1:02 PM UTC

Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
lesnumeriques.com

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#2

Post by [deleted] » Wed, May 20, 2026, 1:23 PM UTC

[deleted]

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#3

Post by JumpCrisscross » Wed, May 20, 2026, 1:24 PM UTC

Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».)

Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths.

[1] https://en.wikipedia.org/wiki/Wero_(payment)

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#4

Post by gsky » Wed, May 20, 2026, 1:25 PM UTC

I'm pretty sure American gov won't react kindly

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#5

Post by toomuchtodo » Wed, May 20, 2026, 1:26 PM UTC

JumpCrisscross wrote: post #3

Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».) Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths. [1] https://en.wikipedia.org/wiki/Wero_(payment)

Wero – Digital payment wallet, made in Europe - https://news.ycombinator.com/item?id=47038965 - February 2026 (132 comments)

Europe's Banks Launch Wero Payments to Dislodge Visa, Mastercard - https://news.ycombinator.com/item?id=41666833 - September 2024 (88 comments)

Unofficial Wero Adoption Tracker - https://www.werotracker.eu/

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#6

Post by reddalo » Wed, May 20, 2026, 1:27 PM UTC

Too bad that, for Italy, BancomatPay joined instead of Satispay, an app that's actually used (especially in the North). Almost nobody uses BancomatPay.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#7

Post by [deleted] » Wed, May 20, 2026, 1:28 PM UTC

gsky wrote: post #4

I'm pretty sure American gov won't react kindly

[deleted]

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#8

Post by WJW » Wed, May 20, 2026, 1:28 PM UTC

gsky wrote: post #4

I'm pretty sure American gov won't react kindly

America: You need to be more self sufficient and not lean on us so much!

Europe:

America: NOT LIKE THAT!!!

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#9

Post by nwatson » Wed, May 20, 2026, 1:28 PM UTC

Equivalent PIX is very popular in Brazil for instant payments.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#10

Post by BadBadJellyBean » Wed, May 20, 2026, 1:28 PM UTC

JumpCrisscross wrote: post #3

Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».) Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths. [1] https://en.wikipedia.org/wiki/Wero_(payment)

I wish Wero was a real alternative but it seem to be a thin wrapper around Bank APIs and SEPA instant transactions. It has pretty much non of the functionality that PayPal or other services give. It just makes it easier to send money with a phone number instead of an IBAN. My bank doesn't even support it.