You mean sanctions that have targeted EU citizens.
Wero has the right momentum, it'll get there. But federating mobile wallets in the Eurozone and eventually Europe at large is no small feat.
Wero has the right momentum, it'll get there. But federating mobile wallets in the Eurozone and eventually Europe at large is no small feat.
Do you pay your groceries with SEPA instant transfers?
Merchants can't just slap a QR code with their banking details on their website or cash registers. Wero offers a convenient layer on top of SEPA transfers, and you can argue EPC QR codes are already enough (though most people would disagree).
Additionally, Wero provides a full payment solution that's integrated with many third party processors, and is basically an evolution of Payconiq and iDEAL. Sure, it does use SEPA rails, but there's a lot more to it. And that's the part that will need to interoperate with more than a dozen mobile wallets in Europe, inside and outside the Eurozone.
I also have the option to pay by scanning a non-QR non-SEPA-Instant code generated by my bank app, through some other third-party system.
At some stores, but not the supermarket, I have the option to pay by SEPA Instant. It's more common with online payments, but a store could also accept it. The main problem is that SEPA Instant payments aren't always instant (thanks to USA-imposed KYC/AML rules), and if one isn't, then I'd have to come back later to collect the goods, or pay twice and hope to get a refund later.