welcome
GlobalData

GlobalData

Business

Business & Economics

EPI, wero… why European payment initiatives are struggling to get off the ground

GlobalData
Summary
Nutrition label

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).

It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site..

VR Score

81

Informative language

85

Neutral language

62

Article tone

formal

Language

English

Language complexity

75

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links