Fyi, Wero only supports three countries: Belgium, France, and Germany.
Already quite much if we add the Netherlands, yes :)
Wero – Digital payment wallet, made in Europe
91–100 of 141 posts
Re: Wero – Digital payment wallet, made in Europe
#92Earlier quoted context omitted.
Your link is broken for me. From https://support.wero-wallet.eu/hc/en-us/articles/25599098295... it seems they don't even support phones with developer settings turned on, much less custom ROMs, rooted or jaibroken phones.
It works on a Pixel 6a with GrapheneOS.
If it works, it's by happenstance not officially. According to the link above (official FAQ):
> If the operating system is an Android variant (also called a 'custom ROM'), such as LineageOS or Pixel Experience, then the wero app can’t be installed for security reasons.
Re: Wero – Digital payment wallet, made in Europe
#93Can anyone explain me exactly why it is a suitable alternative to VISA and Mastercard (and why people were waiting for it). I am trying to understand the full picture here, so multiple things come to my mind. First, SEPA instant payments already exist and are really instant up to a certain amount, and I am guessing that Wero builds on top of that a sort of identity layer, to sidestep the whole IBAN thing. But it is l…
I think they are hoping wero would one day work in countries worldwide as competition to visa/mastercard. EU local payments already work instantly and feeless in many countries through SEPA. Lot of these countries are already on trajectory to gradually get off visa/mastercard for domestic payments as every ecommerce store pushes SEPA as the default payment to save on fees.
There's no need for a worldwide solution, federation and interoperability between major schemes are enough.
The same way AliPay can be used in most Asian countries already, we can imagine a world where EPI, UPI, Pix and so on interoperate smoothly.
I assume Visa and MC will try to remain walled off as the US are a big and slow mover in this space, until they'll need to open up as well.
Note: payments (unlike transfers) are never really zero fees, for good reasons.
Re: Wero – Digital payment wallet, made in Europe
#94Earlier quoted context omitted.
All Dutch banks for example? I do instant online payments and P2P payments all the time with a degoogled phone. My VISA credit card app (ICS) also works fine.
You mean via your banks web interface? Or via some tap to pay interface? What i mean is can you use this to pick up a slab of beer in albert hein, or just to transfer some cash to a friend or such?
I can't pick up a slab of beer at Albert Heijn because it requires Google Pay. But some banks (I think Rabobank) have their own NFC app and then it works fine.
But instant online iDEAL payments etc. work fine. Person to person payments using Tikkie/betaalverzoek as wel.
Put differently, I never use my bank's web interface, only the phone app.
Re: Wero – Digital payment wallet, made in Europe
#95Earlier quoted context omitted.
Aren’t your problems solved by carrying a bit of plastic issues by your bank? Why isn’t that enough?
We really should try to understand your mentality, if only to understand why after 27 years the EU still doesn't have a PayPal alternative.
Because we don’t need it. The US banking system for example is fairly archaic. Where I live, paper checks went extinct about 30 years ago. Now with SEPA, bank transfers are cheap (cents), fast (seconds) and easy (IBAN). If our banking system would not be as convenient, I’m pretty sure something like PayPal would have been very popular.
Re: Wero – Digital payment wallet, made in Europe
#96The problems with Wero is that it needs a linked phone number and nobody can answer what happens if you link two bank accounts from different banks to the same phone number (is this even supported? Why do I NEED to link my phone number?). Also, every bank needs to manually support Wero and when you want to pay online you need to scan a QR code with your phone (yes even on your desktop) and approve it inside your bank…
EU bureaucrats have nothing to do with this. They are pushing the Digital Euro instead. Wero is an initiative from a group of European banks united in EPI (European Payment Initiative). The tech is partially based on the Dutch iDEAL (which EPI acquired a few years ago). iDEAL has been around in The Netherlands for 20 years and is used for most Dutch online payments (also supported by Shopify and Stripe) and P2P payme…
EPI are still EU bureaucrats ;) They are supported by the ECB and EU Commission and the ECB also pushes for the digital euro.
That's good to know that Wero for online shops is "just" iDEAL rebranded, that was news to me. There is an info page here: https://sowieso.wero-wallet.eu/nl-en/consumer
Re: Wero – Digital payment wallet, made in Europe
#97Every once in a while, I check it out, and every time I am confused or disappointed. Don't we already have SEPA transfers? What benefits would this add? Why are they completely unable to pitch it to someone who's curious and receptive to the idea?
P2P transfers are just a convenient feature, using SCT Inst behind the scenes. Pan-European payments are the bigger deal.
The first sentence is gibberish to me. The second one makes me want to ask the same question again: don't we have SEPA transfers already?
Re: Wero – Digital payment wallet, made in Europe
#98Earlier quoted context omitted.
Ah, so this EU wallet is only usable after US companies bless my device? Outstanding move!
This is not a wallet (the name is a bit confusing). Wero (like iDEAL, which it is partly based on), is an online payment system directly backed by your bank account. This is an app that uses the Wero system for doing P2P payments (like Tikkie in The Netherlands). Most likely, Wero (like iDEAL) will also support alternative apps for P2P payments. Also, Wero will support in-store payments in the future, making Google P…
I think most/many banks had their own nfc tap-to-pay solution before Google/Apple Pay came along. Any idea why the banks chose to give that up?
Re: Wero – Digital payment wallet, made in Europe
#99Can anyone explain me exactly why it is a suitable alternative to VISA and Mastercard (and why people were waiting for it). I am trying to understand the full picture here, so multiple things come to my mind. First, SEPA instant payments already exist and are really instant up to a certain amount, and I am guessing that Wero builds on top of that a sort of identity layer, to sidestep the whole IBAN thing. But it is l…
Sepa-inst requires 10 seconds or less end to end, this isn’t as easy as it sounds to implement, but we are kind of there. The problem is how do you initiate this payment? Some kind of scannable code or nfc interaction seems to be the missing part. I’d also like to see some kind of physical card also work for those who don’t want or are unable to have an attestable device with them.
I‘d love if every receipt had an EPC QR code on it: https://en.wikipedia.org/wiki/EPC_QR_code
You scan it with your banking app and have all the details. But it’s not super seamless. If you find this code on a website on your phone, you have to screenshot the code and load it in the app. Would be nice if there was some kind of deep-link standard.
Re: Wero – Digital payment wallet, made in Europe
#100Earlier quoted context omitted.
This is not a wallet (the name is a bit confusing). Wero (like iDEAL, which it is partly based on), is an online payment system directly backed by your bank account. This is an app that uses the Wero system for doing P2P payments (like Tikkie in The Netherlands). Most likely, Wero (like iDEAL) will also support alternative apps for P2P payments. Also, Wero will support in-store payments in the future, making Google P…
I think most/many banks had their own nfc tap-to-pay solution before Google/Apple Pay came along. Any idea why the banks chose to give that up?
Because it cost money to develop and Google/Apple Pay works really, really well everywhere on the planet.