Expanding Scope of Wero's Collaborative Alliances
**Wero Digital Wallet Expands Across Europe, Aims to Become Standard Retail Payment Solution**
Wero, the digital wallet project initiated by the European Payments Initiative (EPI), is making significant strides in its mission to revolutionise cross-border payments in Europe. Launched in 2024, Wero has already established itself as a viable solution for instant account-to-account payments, serving millions of users across Germany, Belgium, and France.
### Current Functionality and Integration
Wero's core functionality enables instant, intermediary-free person-to-person (P2P) transfers via phone numbers, email addresses, or QR codes within seconds. The service is integrated with banking apps of EPI member banks, allowing users to manage payments and view accounts in real time.
### Merchant Adoption and Expansion
From early 2025, Wero expanded into e-commerce and merchant payments. Partnerships with payment providers and fintech firms such as Nexi (Germany), Nuvei (Canada), Revolut (UK), and Worldline (France) have enabled merchants to accept Wero payments online. The rollout began with Germany, and the service is expected to be available in more countries in the coming months.
Wero has also made inroads into new markets, having launched in Luxembourg in early 2025 through partnerships with local banks such as POST Finance, Banque Internationale à Luxembourg, and Spuerkeess. The service is gradually replacing the existing Payconiq system, with a full transition expected by September 2026.
### Future Plans
In the coming years, Wero plans to add enhanced capabilities including professional payments, online purchases, point-of-sale payments, Buy Now-Pay Later functionality, merchant loyalty programs, and digital identity verification. The service also plans to extend to more Eurozone members, with the Netherlands and Luxembourg already lined up, and more countries to follow.
Wero's ultimate goal is to become the standard retail payment solution across Europe, supporting cross-border payments without intermediaries and reinforcing Europe’s leadership in payment innovation.
### Industry Expert Opinion
A recent report by Money20/20 indicates a positive opinion of Wero's potential in the future of cross-border payments infrastructure in Europe. The survey results from the report indicate that 71% of industry experts who have heard of Wero expect it to have a significant or moderate impact on the future of payments in Europe. The report highlights Wero's potential in shaping the future of cross-border payments infrastructure in Europe.
In summary, Wero is an actively growing pan-European digital wallet, currently live in several countries with millions of users, expanding merchant acceptance and commerce functionalities, and targeting broad European market integration by 2026. The service's positive outlook in the eyes of industry experts regarding its potential impact on cross-border payments in Europe is undeniable.
Finance and technology are integral to Wero's expansion across Europe, as the digital wallet service continuously adds enhanced capabilities such as professional payments, online purchases, and Buy Now-Pay Later functionality using technology. Furthermore, partnerships with technology companies like Nexi, Nuvei, Revolut, and Worldline will enable more merchants to accept Wero payments, aiming to become the standard retail payment solution.
