Earlier quoted context omitted.
LOL thank you domain squatters. I can't think of any other reason why startups often always have the most ridiculous names.
I don't think it explains the "cat walks on keyboard" brand names for cheap Chinese goods on Amazon.
Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
121–130 of 811 posts
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#122Earlier quoted context omitted.
LOL thank you domain squatters. I can't think of any other reason why startups often always have the most ridiculous names.
I don't think it explains the "cat walks on keyboard" brand names for cheap Chinese goods on Amazon.
https://stemerlaw.com/2025/07/16/why-are-amazon-brand-names-...
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#123Banks 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)
The Spanish equivalent (Bizum) is merging into Wero is not a token use case, it's absolutely massive here. The absolute standard for peer-to-peer payments, more than 30 million users (>65% of the population), and they already launched contactless terminals for in-person commercial payments this month (https://euroweeklynews.com/2026/04/03/bizum-goes-contactless...).
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#124Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#125Earlier quoted context omitted.
ahahah! so true. those names are silly. also, French and Spanish can already send money for free via IBAN / SEPA
Wero and Bizum mostly just associate phone numbers to IBANs and perform instant SEPA transfers underneath. The benefit is that you only need the other's phone number to send them money, usually already in your contact list, instead of them sharing you a twenty-something digit number.
https://www.retailbankerinternational.com/comment/barclays-r...
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#126Dumb question for those EU folks ... How do you use this when paying online? Is there the equivalent of an "Apple Pay" button on merchant website for those based in EU? (Or a Pix button, when in Brazil, etc?)
You then typically have two choices: scan QR with your phone or login to your bank.
I normally open my bank app on my phone which signs in via my face (iPhone), I then press the scan button (first screen), point at my phone at the screen to read the QR code, the transaction pops up on my phone, I press confirm and again it signs via my face. Then you're done.
If you were shopping on the phone it's even simpler of course as the pay button opens up the transaction in your bank app right away, but typically I shop on my laptop after research.
I've had this for almost 20 years by the way in the Netherlands, but now it's pivoted to the EU standard.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#127Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…
I'm annoyed by redirects that won't work if you set a different default browser or incognito mode as default for new tabs. Total BS. Card numbers just work. Also, payment "apps" that pack their own web engine and need 300-500 megs D/L, plus refuse to run on rooted / "unvetted" systems. No fucks given! Go away, give a browser and numbers.
Unfortunately you still can't easily distinguish between normal browsing and private browsing that way (though browsers could implement that in theory), but I ran that setup for a while back when Firefox couldn't integrate with the App Tabs or whatever it's called where Android apps have their own minimal UI around a full screen web view (which used to always be Chrome).
Card numbers don't work because the business receiving the payment doesn't automatically get a signal from the bank when payments come in without an annoyingly complicated banking integration, which is exactly what these new services intend to solve. They do work for the consumer in some cases, and I have been paying for some online services with regular old bank transfers in cases where I didn't need a payment to go through the same day. That doesn't mean it's an equivalent system in most cases.
If your banking app doesn't run on your device because of something as silly as root detection, you should find a better bank.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#128I'd like to take this opportunity to share with you all that Wero is called Wero because Euro is pronounced "you-ro" and when you share your you-ro it becomes a we-ro.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#129Earlier quoted context omitted.
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.
Isn't a wrapper making the ergonomics better valuable enough? In Sweden we have Swish for domestic transfers, if I could use Swish (or if Wero took it over) the same way to transfer money to my friends living in other EU countries I'd be very, very happy. What kind of functionality PayPal offers that is much better? Using cards instead of direct debit?
I know the Swedish government is also pressuring swish to integrate with vipps. So I guess you'll have this ability soon.