Wero

What Wero does

Wero is a European instant account-to-account digital wallet operated by EPI Company SE, headquartered in Brussels and authorized by the National Bank of Belgium as a payment institution (licensed February 20, 2024). The platform is built on the SEPA Instant Credit Transfer (SCT Inst) infrastructure and processes payments directly between bank accounts in under 10 seconds, 24/7, using phone numbers or QR codes as identifiers rather than IBANs or card networks. It operates on a four-corner model where merchants integrate via their payment acquirers (Adyen, Stripe, Worldline, Nuvei, Nexi, Mollie, VR Payment, and others), with a single API integration reaching all Wero users across covered markets.

The product portfolio spans consumer peer-to-peer payments, e-commerce checkout (launched in Germany November 2025 with merchants including Lidl, Decathlon, Rossmann, Eventim, and Hornbach), in-store point-of-sale payments (planned 2026), subscription and recurring billing, Buy Now Pay Later, and a P2Pro module for single-person businesses and freelancers. Wero is distributed primarily as an embedded feature inside the mobile banking apps of 16 major European banks (including BNP Paribas, ING, KBC, Belfius, Deutsche Bank, Société Générale, Crédit Agricole, and the German Sparkassen and Volksbanken networks), with a standalone iOS/Android app as a secondary channel; the platform reached 46-50 million registered users across Belgium, France, and Germany by early 2026 and approximately 130 million users via the EuroPA Alliance across 13 countries.

Revenue is generated exclusively through merchant transaction fees with built-in caps; consumer P2P and online payments are free. The company is backed by 16 European banks and the two largest European payment processors (Worldline and Nexi), has over 1,100 member organizations across its bank and acquirer ecosystem, and reports share capital of €669 million. No venture funding rounds or revenue figures are publicly disclosed, and Wero has not raised traditional private equity or venture capital — the capital base comes from its consortium member banks.

Name

Wero

Legal name

EPI Company SE

Website

https://wero-wallet.eu

Company type

Private

Founded year

2024

Operating status

Operating

Short description

Wero is a European digital wallet, operated by EPI Company SE, that enables instant account-to-account payments via SEPA Instant rails across Belgium, France, and Germany for consumers, merchants, and sole traders, distributed through 16 major European banks.

Ownership category

akta.pro rank

Product category

Mobile Payment Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD)

akta.pro secondary industries

A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Instant account-to-account payments
• Mobile payment wallet
• SEPA instant credit transfers
• E-commerce checkout payments
• Digital banking integration

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Consumer P2P Payments: Wero does not charge consumers any fees for sending or receiving money between individuals. All P2P transfers are free for the end user.
2. Merchant Transaction Fees: Merchants pay a small percentage fee with built-in caps on each Wero transaction processed through their acquirer. The pricing model is designed to be simple and merchant-friendly, covering all purchase types and business sizes with one model.
3. Online Commerce Payments: Wero charges merchants a transaction fee for online payments at checkout. No fees are charged to consumers paying for goods or services online.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Wero operates a pan-European digital wallet that delivers instant account-to-account (A2A) payments directly from consumers' bank accounts, built on the SEPA Instant Credit Transfer (SCT Inst) infrastructure. Consumers send and receive money between individuals and pay merchants using only a phone number or QR code, with transfers clearing in under 10 seconds 24/7. Merchants integrate Wero as an e-commerce checkout option through payment acquirers and PSPs, gaining access to 46-50 million verified users across Belgium, France, and Germany via a single integration.

Product overview

Wero is a unified European instant account-to-account payment digital wallet developed by the European Payments Initiative (EPI), backed by 16 major European banks and two largest European payment processors. The product portfolio consists of the core Wero Digital Wallet providing P2P transfers and QR code payments, supplemented by Wero E/M-commerce for online merchant payments, and Wero for Professionals (P2Pro) for sole traders and freelancers. The platform operates on SEPA Instant Credit Transfer (SCT Inst), enabling sub-10-second transfers using just phone numbers or QR codes without IBAN. Planned expansions include subscription payments, in-store POS payments, Buy Now Pay Later, and merchant loyalty programs. Available in Belgium, France, and Germany with Netherlands and Luxembourg launches planned for 2026. The product succeeded France's Paylib which had over 35 million registered users.

Differentiator

Problem solved

Functional benefit

Products and services

• Wero Digital Wallet Pan-European instant account-to-account payment digital wallet enabling consumers to send, receive, and pay money using a phone number or QR code, with transfers clearing in under 10 seconds 24/7 directly to and from bank accounts. Accessible natively through the user's bank mobile app or via a standalone iOS/Android app.
• Wero P2P Payments Instant peer-to-peer money transfers between individuals identified by phone number or QR code, with funds arriving in recipient bank accounts in under 10 seconds, available 24/7 including nights and weekends, and free of charge for consumers.
• Wero Online Payments (E-commerce Checkout) Online checkout payment method enabling consumers to pay merchants by scanning an on-screen QR code from their banking app or Wero app, accessible at participating e-commerce merchants across Germany, France, and Belgium; supports complex flows including subscriptions, BNPL, and event-dependent payments.
• Wero E/M-commerce (Merchant Integration) Merchant-facing e-commerce and mobile-commerce payment acceptance product enabling online retailers to add Wero as a checkout option through their acquirer or PSP, reaching Wero's 46-50 million verified users across all Wero countries via a single integration.
• Wero for Professionals (P2Pro) Payment functionality for freelancers, sole traders, and single-person businesses (yoga teachers, tutors, artists) that lets clients pay instantly via QR code, phone number, or payment request, with a 'Pro' label separating business from personal transactions and built-in receipt and report generation.

Quantifiable outcome

• Over 50 million registered users across Belgium, France, and Germany within approximately 1 year of launch
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature8 records

Partnerships

31 partnerships are on record, tiered core.

• Payconiq International (iDEAL Migration)coreStrategic or Co-development Partner · 7 May 2026EPI acquired Payconiq International (operating Payconiq in Belgium and iDEAL in the Netherlands) in October 2023. Payconiq's shutdown in Luxembourg is planned for September 30, 2026, with major banks launching Wero in mid-2026. The iDEAL migration to Wero in the Netherlands is planned for 2027, bringing Wero to Dutch consumers who currently use iDEAL.
• Banking CirclecoreTechnology or Integration · 5 February 2026Banking Circle, a Luxembourg-based banking infrastructure provider, integrated Wero into its platform in February 2026, enabling payment service providers using its infrastructure to offer account-to-account payment methods to their clients. The integration positions Banking Circle as a banking partner for firms adopting the pan-European payment standard built on the SEPA framework, aligning with the EU's Instant Payments Regulation.
• EuroPA AlliancecoreStrategic or Co-development Partner · 2 February 2026EPI and the EuroPA Alliance signed an agreement on February 2, 2026 creating a domestic European alternative to Visa and Mastercard, connecting approximately 130 million users across 13 countries through the Wero digital wallet. The partnership is a major strategic initiative aimed at reducing reliance on US payment infrastructure and addressing data sovereignty concerns and geopolitical vulnerabilities exposed by the Russia sanctions case. EPI estimates the initiative requires several billion euros in investment.
• WorldlinecoreTechnology or Integration · 17 November 2025Worldline is one of Europe's largest payment processors and a founding member of EPI. Worldline Belgium enabled the first official Wero merchant transaction (Flemish Red Cross in Belgium). For the German e-commerce launch, Worldline supports merchant acceptance of Wero payments across Germany, France, Belgium, and Luxembourg.
• NuveicoreTechnology or Integration · 17 November 2025Nuvei enabled e-commerce merchant acceptance capabilities for Wero. As part of the German e-commerce launch in November 2025, Nuvei was listed as an acquirer and partner supporting Wero merchant integration across multiple European markets.
• Deutsche BankcoreChannel Partner/ Reseller/ Distributor · 17 November 2025Deutsche Bank is both an EPI member bank (on the consumer side) and an acquirer (on the merchant side). For consumers, Deutsche Bank launched Wero for Postbank customers in Germany. As an acquirer, Deutsche Bank supports Wero merchant integration in Germany and four other European countries. Deutsche Bank's CEO statement emphasized serving as a dedicated partner for merchants and FinTechs to seamlessly integrate Wero.
• ING DeutschlandcoreChannel Partner/ Reseller/ Distributor · 17 November 2025ING Deutschland is an EPI member bank. ING launched Wero for its German customers, and by November 2025 had already activated 350,000 Wero wallets. ING will also allow Wero e-commerce transactions for its customers in Germany as part of the expansion.
• NexicoreTechnology or Integration · 17 November 2025Nexi is one of Europe's largest payment processors and a founding EPI member. Nexi supports Wero merchant acceptance in Germany as part of the November 2025 e-commerce launch, enabling its merchant clients to offer Wero payments.
• StripecoreTechnology or Integration · 17 November 2025Stripe is listed as an acquirer and partner supporting Wero e-commerce merchant integration in Germany and other Wero markets, allowing Stripe's merchant clients to easily adopt Wero as a payment option.
• UnzercoreTechnology or Integration · 17 November 2025Unzer joined the European Payments Initiative and offers Wero as a payment method to its merchant and FinTech clients across Wero's coverage countries.
• VR PaymentcoreTechnology or Integration · 17 November 2025VR Payment is the acquirer for Germany's cooperative banks (DZ BANK group) and was a pilot partner of EPI from the beginning. VR Payment supports Wero merchant acceptance for the Sparkassen and cooperative bank merchant networks in Germany.
• Bancontact Payconiq CompanycoreStrategic or Co-development Partner · 17 November 2025Bancontact Payconiq Company (BPC) entered a strategic partnership with EPI for the launch of Wero in Belgium. BPC distributes Wero to its merchant clients, allowing them to accept Wero payments and gradually migrating Payconiq volumes to Wero. Both payment methods will coexist temporarily. Payconiq is scheduled for discontinuation in favor of Wero.
• ABN AMRO (Merchant Acquirer)coreTechnology or Integration · 17 November 2025ABN AMRO (both as a consumer bank and as an acquirer/PSP) supports Wero merchant acceptance across all Wero markets. ABN AMRO was listed as an acquirer partner for the German e-commerce launch in November 2025.
• AdyencoreTechnology or Integration · 20 June 2025Adyen is listed as a PSP (payment service provider) partner enabling merchant acceptance of Wero across all Wero markets. Adyen's integration allows its merchant clients to easily adopt Wero as a payment method through its existing infrastructure.
• MolliecoreTechnology or Integration · 20 June 2025Mollie, a leading European PSP, is a Wero partner enabling merchant acceptance of Wero payments. Mollie supports merchants across multiple European countries where Wero is or will be available.
• LyracoreTechnology or Integration · 20 June 2025Lyra is listed as a PSP partner enabling merchant acceptance of Wero payments across Wero's European markets.
• PayonecoreTechnology or Integration · 20 June 2025PAYONE is listed as an acquirer/PSP partner supporting Wero merchant integration in Germany and other Wero markets.
• RevolutcoreChannel Partner/ Reseller/ Distributor · 3 June 2025Revolut signed a partnership agreement with EPI in June 2025, becoming a member of the EPI network. Revolut will integrate Wero into its app, enabling its millions of European customers in France, Belgium, and Germany to access instant Wero P2P payments directly from their Revolut accounts. This represents a major channel expansion for Wero, bringing the platform to a digitally native customer base. Revolut will progressively add more Wero use cases over time.
• DSGV (Deutscher Sparkassen- und Giroverband)coreStrategic or Co-development Partner · 2 July 2024DSGV is the umbrella organization of Germany's Sparkassen-Finanzgruppe, representing around 350 savings banks. DSGV was a founding member of EPI and launched Wero for German Sparkassen customers at the July 2024 launch in Germany, providing Wero's initial customer base of millions of German consumers.
• DZ BANKcoreStrategic or Co-development Partner · 2 July 2024DZ BANK serves as the central institution for Germany's cooperative financial network, representing around 700 cooperative banks. As a founding member of EPI, DZ BANK supported the technical implementation of Wero e-commerce from the very beginning and participated in the German launch in July 2024, with its acquirer VR Payment supporting merchant adoption.
• Deutsche Bank (Consumer/Bank Side)coreChannel Partner/ Reseller/ DistributorDeutsche Bank launched Wero for its German customers (starting with Postbank) as part of EPI's founding member bank group. Deutsche Bank will progressively expand Wero availability to all its German retail customers.
• BNP ParibascoreChannel Partner/ Reseller/ DistributorBNP Paribas is one of EPI's founding bank members, offering Wero to its customers in France (BNP Paribas, including via subsidiary Nickel) and Belgium (BNP Paribas Fortis, BGL BNP Paribas). BNP Paribas launched Wero in France starting October 24, 2024, and supported the Belgian launch in November 2024.
• KBC GroupcoreChannel Partner/ Reseller/ DistributorKBC Group is an EPI founding member, offering Wero to customers in Belgium (KBC and CBC) since July 2024, making it one of the first Wero launch partners in Belgium. KBC played a leading role in Wero's Belgian deployment, with Ivo De Meersman (General Manager Payments & Cards Belgium) quoted as supporting the initiative.
• BelfiuscoreChannel Partner/ Reseller/ DistributorBelfius is an EPI founding member and was one of the first Belgian banks to launch Wero (operational since September 26, 2024), offering both contact list payments and Wero QR code generation to its 3.8 million Belgian personal and SME customers.
• ING (Belgium, Germany, Netherlands)coreChannel Partner/ Reseller/ DistributorING is an EPI founding member, offering Wero to customers in Belgium (since November 2024), Germany (ING Deutschland), and the Netherlands. ING Belgium's Global Product Lead Payments (Amaury Vanthournout) has publicly endorsed Wero as a unified payment solution for cross-border European payments.
• Crédit AgricolecoreChannel Partner/ Reseller/ DistributorCrédit Agricole, France's largest retail banking group, is an EPI founding member, launching Wero for its customers on September 26, 2024. Philippe Marquetty (General Manager of Crédit Agricole Payment Services) emphasized Wero's role in European payment sovereignty.
• Crédit Mutuel Alliance FédéralecoreChannel Partner/ Reseller/ DistributorCrédit Mutuel Alliance Fédérale is an EPI founding member, offering Wero to its customers in France (Crédit Mutuel and CIC brands) from September 25 to November 6, 2024. Eric Petitgand (General Manager) highlighted Wero's importance for European financial sovereignty.
• Société GénéralecoreChannel Partner/ Reseller/ DistributorSociété Générale is an EPI founding member, launching Wero for its French customers starting October 24, 2024. Philippe Aymerich (Delegate General Manager) emphasized the bank's expertise in security and customer protection as essential assets for Wero's success.
• La Banque PostalecoreChannel Partner/ Reseller/ DistributorLa Banque Postale is an EPI founding member, offering Wero to its French customers via the standalone Wero app (available from October 28, 2024 in app stores) rather than embedding in its banking app. Zakaria Moursli highlighted La Banque Postale's proactive digitization policy and pioneering role in Paylib and EPI projects.
• Groupe BPCEcoreChannel Partner/ Reseller/ DistributorGroupe BPCE (Banque Populaire and Caisse d'Epargne networks) is an EPI founding member, deploying Wero in France from September 2 to October 2, 2024. Yves Tyrode (General Manager Digital & Payments) noted Groupe BPCE's pioneering role in successfully conducting the first cross-border instant payment transactions in Europe in December 2023.
• Crédit Mutuel ArkéacoreChannel Partner/ Reseller/ DistributorCrédit Mutuel Arkéa is an EPI founding member, launching Wero for its French customers (Crédit Mutuel Arkéa, Fortuneo, Keytrade Bank) in January 2025. Laurent Jurrius emphasized Wero's role in inclusive digital future and Crédit Mutuel Arkéa's position as a forerunner in banking innovation.

Scale indicators9 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Twint: Twint is the Swiss instant mobile payment system owned by Swiss banks, offering P2P and merchant payments via mobile. Its bank-consortium ownership, instant A2A architecture, and growing in-store POS footprint make it one of the closest analogues to Wero's planned product matrix.
• PayPal: PayPal is the incumbent global digital wallet for consumer P2P and online merchant payments — a direct competitor to Wero in both consumer money transfer (PayPal P2P) and online checkout across Europe. Both monetize merchants, both rely on broad consumer awareness, and both compete for default payment status at European e-commerce checkout.
• iDEAL: iDEAL is the dominant account-to-account online payment method in the Netherlands, owned by Currence and built on the same instant A2A rails as Wero. It is the most directly comparable scheme: Wero's planned 2027 iDEAL migration explicitly positions Wero as its successor, making it Wero's closest functional mirror in market structure and method.
• BLIK: BLIK is Poland's dominant instant mobile payment scheme with tens of millions of users, backed by Polish banks. It is structurally identical to Wero — a bank-consortium-built, A2A-based, mobile-first payment standard — and is the principal national scheme Wero must displace or partner with to extend instant payments into Central Europe.
• MobilePay: MobilePay is a Nordic mobile wallet/P2P service now owned by Nexi — one of Wero's foundational PSP partners. Its bank-backed model and P2P + merchant payments feature set closely mirror Wero, and its Nordic scale makes it a benchmark for cross-border consumer adoption within a banking ecosystem.
• Swish: Swish is Sweden's bank-owned instant mobile payment service, jointly operated by the country's largest banks. Like Wero, it leverages consumer reach through bank apps and processes instant P2P payments, making it the closest functional parallel in the Nordic market and a useful benchmark for engagement depth.
• Vipps: Vipps is Norway's dominant bank-owned mobile wallet and instant payment app, structurally identical to Wero's bank-distributed model. Following Vipps's merger with MobilePay and broader European ambitions, it serves as a comparable bank-consortium wallet with cross-border reach ambitions.
• Bizum: Bizum is the Spanish bank-consortium instant mobile payment system with more than 25M Spanish users. Its model — banks jointly operate a P2P/instant A2A standard — mirrors Wero's bank-backed design, and any Wero expansion into Spain would compete directly with Bizum for consumer and merchant share.

Broad incumbents

• Apple Pay: Apple Pay is a global digital wallet with strong consumer brand recognition and contactless NFC ubiquity across Europe. It is not bank-owned and does not use A2A rails, but it competes head-on with Wero for in-store and online consumer payment default, making it the most relevant broad incumbent for share-of-wallet comparison.
• Google Pay: Google Pay is a broadly distributed global digital wallet integrated into Android devices and merchant checkouts. While it uses card rails rather than A2A, it competes with Wero for consumer default payment status across online and in-store contexts in all three of Wero's current geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/wero.eu
• Instagraminstagram.com/wero_eu
• TikToktiktok.com/@wero_eu

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wero