Launched late last year, Wero aims to challenge the dominance of Visa and Mastercard by leveraging the efficiency of A2A transfers. Already, Wero has amassed 40 million users across its initial markets, demonstrating a rapid adoption rate. The platform facilitates instant money transfers using Sepa Instant Credit Transfer protocols, allowing users to send funds within 10 seconds via phone numbers, email addresses, or QR codes.
„For 9M+ Revolut clients, that means instant, free, and secure transfers between major French, German, and Belgian bank clients. Just an email or phone number is needed to set up a transfer – it’s that simple.” – said Beatrice Cossa-Dumurgier, Revolut CEO Western Europe
She continued: „But this is more than just a product. Unlocking frictionless cross-border payments, Wero makes transfers between participating banks simple, fast, and affordable. For the first time, traditional banks and digital players are working hand in hand, supported by EPI, to build a shared European Payment infrastructure. Reducing reliance on international systems, Wero truly empowers European sovereignty.„
Dumurgier added: „Since launch about 20 days ago, thousands of clients are discovering and adopting the product every day – and this is only the beginning. More banks across additional European countries are expected to join the movement soon. Stay tuned!„
Revolut’s integration of Wero will enable its customers to perform instant, free-of-charge peer-to-peer (P2P) money transfers directly within the Revolut app. This feature is set to enhance user experience by providing a seamless and cost-effective way to send money.
However, the real game-changer will come in the form of additional use cases that Revolut plans to integrate over the next few years. E-commerce payments are slated for the second half of 2025, followed by in-store payments, subscription management, and loyalty services from 2026 onward.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
