N26 launched Wero, the digital wallet and instant payment solution developed by the European Payments Initiative (EPI), directly within the N26 app. „The new feature enables customers in Germany and France to send and receive money in seconds using only a phone number or email address, removing the need to share or enter an IBAN.” – according to the press release.
„By embedding Wero into the N26 app’s native transfer flow, customers will be able to benefit from a single European payment standard that offers a fast, secure and independent alternative for daily digital transactions, with the ability to send and receive funds instantly from individuals who don’t hold an N26 account, with no bank details or separate app required. Powered by SEPA Instant and the Wero network, transfers arrive in the recipient’s bank account in under 10 seconds, any time of day.” – the bank explained.
Daniel Lappas, Chief Product and Business Officer at N26, said: “Instant payments without an IBAN have been a core N26 feature since our inception. With Wero, we’re extending this seamless experience to the broader European banking ecosystem, bringing the simplicity N26 customers already know to even more people.”
Wero is available to eligible N26 customers in Germany and France, with a progressive rollout to further markets planned for the future.
Banking 4.0 – „how was the experience for you”
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Many more interesting quotes in the video below:
