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0 pointsfooyc5d ago0 comments

Online and in-store payments will follow in 2027, as per the article

0 comments

FinnKuhn5d ago

Only via QR codes as I understand. So no replacement for paying via Apple Watch or card.

jorisw5d ago

Understood. But even then it couldn't be easier than the contactless direct debit we already have.

grey-area5d ago

It could be cheaper though and it also reduces the reliance on an untrustworthy former ally.

ffritz5d ago

The payer couldn't care less about how much the store pays for the transaction. He or she just wants to tap with their phone, and the default here are Visa/MC cards. In addition to the transaction price not being an argument for the payer, Wero also afaik does not have as much consumer protection as (certainly some) credit cards offer. I also bet the average person doesn't understand or care about the whole political dispute either. Again, they just want to pay easily and safely.

I don't think Wero can "win" this from just the merchants side. It's got to be better for the customer's side.

tpm4d ago

In addition, this only start in 13 countries. There are 27 EU members. So there is a lot of big ambitions but not followed by actions. Which is what we are sadly used to.

So when I from Slovakia want to buy something in a French eshop, I'm out of luck. And when on a vacation, can't use this system either, while a French person on a vacation in Slovakia can't use it either. My guess is people will mostly continue to use credit/debit cards.

grey-area5d ago

The merchant could offer a discount for using it.

I agree this could be a difficult battle and we effectively need some alternative to existing card issuers if they are to be displaced.

Current contactless payments are easy, secure and allow disputes etc.

1 more reply

bborud5d ago

We have a similar system in Norway and it works with contactless payment already using the phone.

Why would you think that contactless payment would require Visa or Mastercard?

lentil_soup5d ago

will depend on how it's implemented, you could end up paying via a QR code, contact less NFC, a phone number, the web. I think it could open up a lot of innovation

j / k navigate · click thread line to collapse

0 comments

FinnKuhn5d ago

Only via QR codes as I understand. So no replacement for paying via Apple Watch or card.

jorisw5d ago

Understood. But even then it couldn't be easier than the contactless direct debit we already have.

grey-area5d ago

It could be cheaper though and it also reduces the reliance on an untrustworthy former ally.

ffritz5d ago

I don't think Wero can "win" this from just the merchants side. It's got to be better for the customer's side.

tpm4d ago

In addition, this only start in 13 countries. There are 27 EU members. So there is a lot of big ambitions but not followed by actions. Which is what we are sadly used to.

grey-area5d ago

The merchant could offer a discount for using it.

I agree this could be a difficult battle and we effectively need some alternative to existing card issuers if they are to be displaced.

Current contactless payments are easy, secure and allow disputes etc.

1 more reply

bborud5d ago

We have a similar system in Norway and it works with contactless payment already using the phone.

Why would you think that contactless payment would require Visa or Mastercard?

lentil_soup5d ago

will depend on how it's implemented, you could end up paying via a QR code, contact less NFC, a phone number, the web. I think it could open up a lot of innovation

j / k navigate · click thread line to collapse