you are viewing a single comment's thread
view the rest of the comments
[โ€“] 1 point 8 hours ago (1 child)

From what I read banks from other countries aren't interested in Wero and it's understandable. For example Spanish banks invested a lot of money into Bizum which they control. Why would they now implement Wero which does the same thing but is controlled by French and German banks? It makes no sense. That was the reason for the initial split between EPI and EuroPA and current agreements only confirm it. They will integrate with Wero but will not put it in their apps directly.

  • source
  • parent
  • hideshow 1 child comment
  • They're different products, Wero offers features Bizum does not. Ultimately Wero is a product banks can make more money off of so they're likely to invest eventually. But atm Wero is unproven in the actual market, so it remains to be seen how well it will catch on. That's why these banks don't want to make the switch immediately, and prefer this expansion route first. If the consumer demand is there, the banks will follow.

  • source
  • parent