4 ms·

according to their website, 80% of retail banking in Belgium, France and Germany... for me that's far from Europe.

s_dev 2y ago
France and Germany alone are 40% of the EU economy and both have huge political influence on the EU. I wouldn't expect any nascent tech to be adopted by the entire EU any time soon but this is nice to see.
- attendant3446 2y ago
  Adopted on paper - likely. Adopted in the real world - unlikely. Just look at many other EU-wide initiatives.
nomercy400 2y ago
Wero is based on the Dutch IDEAL system. Because the Dutch already have a good system, they are not joining right away, but at a later time.
- crote 2y ago
  The most baffling part of it is that at first glance it seems nothing like the Dutch IDEAL system. The IDEAL system is a replacement for online C2B payments. Rather than entering an incredibly insecure credit card number, the storefront redirects you to your bank, where you safely log in, confirm payment, and get redirected back to the store. It's essentially OAuth for payment. The only annoying part is having to manually select your bank, but even that is now a non-issue with a single unified QR code you can scan in any mobile banking app. On the other hand, https://wero-wallet.eu/ https://wero-wallet.eu/ tells me that Wero is a C2C system, so basically an alternative to Paypal, Venmo, Tikkie, or all the bank-initiated payment request implementations we've seen pop up over the last few years. You can send and receive money via your mobile phone number. So how is this supposed to be like IDEAL? Reading the FAQs it feels like nothing more than a strictly-worse version of Tikkie, but potentially with an added attack vector for your bank account. In other words, I see very little reason to switch to it.
fakedang 2y ago
There are countries in the EU which don't even use the Euro, but that doesn't stop business from happening, does it? Imo, you only need France, NL, Italy and Germany. Maybe Sweden, Spain, Poland and Austria too. Then you've got enough of a market economy to justify needing a separate card processor. I'm surprised they haven't gotten into this earlier. But then again, it's the EU, they're laggards through and through.
bdjsiqoocwk 2y ago
This is where most things in the EU start, including the EU itself.

France and Germany alone are 40% of the EU economy and both have huge political influence on the EU. I wouldn't expect any nascent tech to be adopted by the entire EU any time soon but this is nice to see.

attendant3446 2y ago
Adopted on paper - likely. Adopted in the real world - unlikely. Just look at many other EU-wide initiatives.

nomercy400 2y ago

Wero is based on the Dutch IDEAL system. Because the Dutch already have a good system, they are not joining right away, but at a later time.

crote 2y ago
The most baffling part of it is that at first glance it seems nothing like the Dutch IDEAL system. The IDEAL system is a replacement for online C2B payments. Rather than entering an incredibly insecure credit card number, the storefront redirects you to your bank, where you safely log in, confirm payment, and get redirected back to the store. It's essentially OAuth for payment. The only annoying part is having to manually select your bank, but even that is now a non-issue with a single unified QR code you can scan in any mobile banking app. On the other hand, https://wero-wallet.eu/ https://wero-wallet.eu/ tells me that Wero is a C2C system, so basically an alternative to Paypal, Venmo, Tikkie, or all the bank-initiated payment request implementations we've seen pop up over the last few years. You can send and receive money via your mobile phone number. So how is this supposed to be like IDEAL? Reading the FAQs it feels like nothing more than a strictly-worse version of Tikkie, but potentially with an added attack vector for your bank account. In other words, I see very little reason to switch to it.

fakedang 2y ago

There are countries in the EU which don't even use the Euro, but that doesn't stop business from happening, does it? Imo, you only need France, NL, Italy and Germany. Maybe Sweden, Spain, Poland and Austria too. Then you've got enough of a market economy to justify needing a separate card processor. I'm surprised they haven't gotten into this earlier. But then again, it's the EU, they're laggards through and through.

bdjsiqoocwk 2y ago

This is where most things in the EU start, including the EU itself.