Big leap forward for wero
It seems like there was a big leap forward for wero.
If you search for “wero” in the German news, it seems like a lot of banks activated it yesterday-ish.
Mine is covered 🙂
I’m a little bit disappointed, that my cell phone number is the unique ID for transactions.
Edit:
Tried to search which banks are supported. This is just a selection and even the selector on the wero-webpage is not up-to-date.
- Germany: Deutsche Bank, DZ Bank, GLS, Savings Banks Association (DSGV), Postbank, BBBank, Sparkasse, Haspa, Volksbank, Sparda Banken, Ethikbank, Evangelische Bank e.G.,...
- France: Société Générale, Crédit Agricole, BNP Paribas.
- Other: ING, Rabobank, Revolut.
I guess the good thing is that the set of people that want to send you money overlaps with the set of people that already know your phone number. To me it seems like a sane PayPal replacement.
It will be, when the merchants adopt it.
Regarding the phone. It looks as if you can perform transactions by phone, name or e-Mail. It was my banks decision to got with the phone as primary identifier. I guess QR-code transaction will be the most common way of transferring person 2 person, if they are within visible range.
Merchants will still take a while. From the website:
Okay. Till the we need to ping pong our money. I’ll DM you with my account and you start 🙃
e-commerce will be rolled out this summer in Germany, with Belgium and France following in late 2025/early 2026.
There are a few red flags that make wero not -privacy friendly. It apparently uses a phone number as identifier, and Android users are required to have revent version with the Google Play Services badware.
It's good to have a local alternative to EMV, but privacy-wise those apps may be worse than EMV cards.
Honestly it still beats having to use Paypal.
Fuck PayPal. It's disability-unfriendly.
You have to pay for a customer service call, and cannot text them outside of your account. Even mail is hard to reach. So when you're locked out due to 2FA shit, ... lmao.
That sounds great. It may be bank-specific then.
Understanding it as an alternative to PayPal and a convenience tool for wire transfers I see no bigger privacy issue.
You either state your bank account and name for a purchase with company or use this handle, to provide the exact same data.
Alternative to visa and Mastercard potentially as well not just PayPal.
Which you can't really escape anyway since one of those two is very likely the provider for your bank's debit card.
Yes but if the Point of Sale start using WERO that will be a drop in commission for them
Can't really get much better. The apps / platform are directly connected to the bank anyway, they know all the personal very detailed info of our lives already - physical address, copies of id cards, full names, parents names, phone numbers, place of employment, etc. if there's one thing we can't escape from is this. As long as things are compartmentalized enough and personal info doesn't leak... Digital money binding us to our owners...
Yesterday I paid online for something using the equivalent in my country (mybway) and less than 5min after I had a push notification in the phone asking if I wanted insurance for my pets (i bought something on a pet store).
Why is Revolut in the list with French banks, thought it was British? Also why only list Dutch banks behind others? Was the Netherlands too many letters? Thanks for the update though :))
Revolut has Estonian banking license. I do t think they have any banking license in uk.
They are a British company, they have a license there.
https://en.wikipedia.org/wiki/Revolut
Oh yeah looks like they finally got it a year ago https://www.ft.com/content/424c1323-d296-4f7b-8d5e-8b0dc6a5828a
Still not finalized https://on.ft.com/4mjoNwq
Lithuanian actually
Thanks for the correction
Copied the first search result. Only edited a little bit. The info is inherently crappy, maybe the search engine spilled in some mindless AI f***
I was able to add a email address as an additional ID for wero, maybe your bank allows that as well.
Took a look, but no chance.
Wikipedia: Wero (payment)
The linked article has a list of supporting banks as well - some adding support in the future (listed with future date)
Apparently not all sparda banks are enabled
🥲
When Italy?
If i understand it correctly it all depends on your bank. The country is not really relevant.
Coool thanks for the update. I just checked last week for my Bank and didnt find much and now its on your list, on their Website and already implemented in their app. :) wouldnt have noticed. Thanks!
Well my bank supports it, but my smartphone with android 8 dont.
Does wero have a website to use it?
Wero is federated like the Fediverse. It all depends on your bank.
Doesn't seem so. Also my banking portal does not feature wero. Only their App.
Your bank might choose to keep it separated to mitigate dependency with their app & release.