Wero Payment Initiative Struggles
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European payment initiativesGlobalData
•Business
Business & Economics
EPI, wero… why European payment initiatives are struggling to get off the ground

76% Informative
European Payments Initiative ( EPI ), launched in 2020 , and its payment solution Wero ( 2024 ) emerged as a response to Europe ’s reliance on foreign payment providers such as PayPal and Visa .
Wero allows users to send and receive money instantly via phone number, QR code, or email address.
Currently, only 16 banks are involved in the EPI (including BNP Paribas , Crédit Agricole , Deutsche Bank , Sparkassen-Finanzgruppe , ING Group , La Banque Postale, Nexi, Worldline).
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VR Score
81
Informative language
85
Neutral language
62
Article tone
formal
Language
English
Language complexity
75
Offensive language
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
long-living
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