European Payments Initiative (EPI), the owner of iDEAL, is taking over the operation of the French mutual payment service Paylib from local banks.
Thirty-five million users of Paylib be in France transferred this month on the Wero service. You can also make mutual payments with this. The service, founded by the largest French banks, will be phased out at the beginning of 2025.
Paylib (?) is different from Tikkie in the fact that you do not send a payment request, but simply transfer money. It is purely mobile, with e-mail or 06 as ‘address’.
Just like iDEAL in the Netherlands, Paylib is an initiative of the banking sector. The spiritual fathers are: BNP Paribas, Groupe BPCE, Crédit Agricole, Crédit Mutuel Alliance Fédérale, Crédit Mutuel Arkéa, La Banque Postale and Société Générale.
In recent years, a group of European banks developed a new European payment system called Wero. This is run by the European Payments Initiative (EPI). That organization purchased iDEAL and Payconiq in 2023. This group will offer the Wero features in its own banking apps.
In addition, there will be a Wero app that allows users to pay and receive money from customers of participating banks at Dutch, Belgian, German and French banks.
The first brand campaign for Wero starts in France on October 14.
The roadmap for this European financial app includes: payment requests, digital card payments such as Apple and Google Pay, transfers, post-payment (à la Klarna) and regular iDEAL payments at online stores.
In three to four years, Wero wants to be a well-known wallet in Europe.
Source: www.emerce.nl
