This is Wero: an alternative to Bizum that European banks are already working on

More than 26 million active usersYes, Bizum This the most used payment method in Spainwith 24 operations per second in 2022. The mobile payment platform, launched in 2016, allows instant money transfers between users using only their phone numbers, among other problems.

Integrated with mobile banking apps of the majority of Spanish banks, in total 38 subsidiary banksBizum offers a fast, secure and free way send and receive money. In addition to transfers between individuals, this allows Payments in physical and online storesand NGO donations.

Its popularity is so great that several European banks are developing sending application money. An alternative that could jeopardize Monopoly Bizum.

What is Wero, the new app for sending money?

Wero is an application that allows send money through apps banking. Wero, promoted by the European Payments Initiative (EPI), will be presented, as experts note, as digital wallet this will work internally Applications banking which are part of the project. But who is involved in this? The main ones are part of Wero Central European banks (ECB), which supported the previously mentioned EPI.

At the moment, the vast majority of those who support him subjects Germany And France, such as ABN Amro, Belfius, Crédit Mutuel, BNP Paribas, Groupe BPCE, Crédit Agricole, Deutsche Bank, DZ Bank, ING, KBC, La Banque Postale, Nexi, Rabobank, Societe Generale and Worldline. Everything points to the Wero arriving in both Germany and France during this 2024 and beyond. expand its use to the rest of the continent.