Bye bye Visa, Mastercard, Paypal, and many others. They can go and play “America First”. We’ll have our own independent system by november 2025.

  • biofaust@lemmy.worldEnglish
    4·
    2 days ago

    A private company that is already enshittifying, to be precise. After years of gathering market share by being a zero commissions solution, lately they introduced commissions in some cases higher than what more consolidated payment solutions have.

    • Synapse@lemmy.worldEnglish
      2·
      2 days ago

      This is what makes me hopeful with Wero being a government initiative, but it needs a serious push before it starts to become useful.

      • biofaust@lemmy.worldEnglish
        1·
        2 days ago

        Do we have any documentation about the origin of the infrastructure providers for Wero?

        • Synapse@lemmy.worldEnglish
          1·
          2 days ago

          As far as I understand, it’s nothing more than bank-to-bank transfer, just made easy with links and QR codes instead of typing IBAN in your online banking.

          Wero is an account-to-account (A2A) solution, meaning that transfers will go through almost immediately once approved. It follows the SEPA Instant Credit Transfer protocol established by the European Payments Council in 2017.

          We’re payment, how does week work | checkout.com