- cross-posted to:
- BuyFromEU@europe.pub
- cross-posted to:
- BuyFromEU@europe.pub
This is an Austrian company that offers mobile payments with barcode/qr-code in shops in Austria and Germany, as well as in a few places in Italy and Luxembourg.
I use it since one year. It works fine, but it could definitely use more attention, so that more shops start to accept it. What are your thoughts on that?
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The problem in Europe is exactly the fragmentation of payment systems. For most you can only use them if you are a resident and have a bank account on that country.
• Wero: Germany, France, Belgium, Luxembourg, Netherlands • MB WAY: Portugal • Twint: Switzerland • Swish: Sweden • MobilePay: Denmark, Finland • iDEAL: Netherlands • Bancontact: Belgium • BLIK: Poland • Satispay: Italy • Vipps: Norway • Giropay: Germany • Sofort: Germany • Cartes Bancaires: France - Etc....I think iDEAL and Bancontact are already/will be soon phased out/incorporated into Wero. Source (towards the bottom): https://wero-wallet.eu/news/epi-launches-wero-its-innovative-digital-payment-wallet-in-belgium
Yea and this is exactly why so much of our payments and purchases are still giving IBANs out to do a homebanking transfer. MB WAY works really great here in Portugal but it’s useless in the whole rest of Europe. If this is going to really happen we need the ECB to make an app, or at least a standard for banks across the whole eurozone to adopt.
I don’t think Wero is comparable to the others, they didn’t have the scope, ambition and backing Wero and the European Payments Initiative have ? It’s limited right now but it just launched, I’m sure more banks will progressively join.
Wero is the successor of Giropay which kinda went semi-obsolete with SEPA instant transfers. The original use case was telling shops that a regular SEPA transfer was guaranteed to arrive by the bank sending that information via giropay and the actual money then using regular channels. Sofort dug deeper into that market because it’s the only business they have, while giropay is little more than a thin wrapper around banks agreeing on a particular interface. Online all you really need, today, is a way for a shop to send you over to your bank with a SEPA transfer template pre-filled with the right data. That’s not a business, it’s barely even a website.
The good news, indeed, with the EPI is that the rest of Europe is finally adopting the same standards-setting procedure that Germany had for ages because we have 1400 banks over here, most of which only serve a local customer base, they need to interoperate, insular solutions just don’t make sense or you couldn’t go to an ATM the next town over. And they do have a habit of not inventing pointless intermediaries, much less intermediaries handling actual money both sender and recipients already have bank accounts why get a third bank involved.
@professionalspooner funny I have never heard of wero in Germany 😅
We need a European alternative to MasterCard and Visa. Two American companies own basically the non-cash market. The digital euro can’t come soon enough
We should collect all national offerings (we have satispay In Italy) and then create a bridge among them.
Too easy? Too many high-castle heads to cut off?
https://chat.mistral.ai/chat/0ecf1bd4-40b1-476b-ba5a-a888daf6bfa1
Federate them and build on top of a digital euro.
1…2…3…done
We’ve had a standard for this since 2013. Scan code, your bank app opens with the transfer as a template, you authorise it. Now, with SEPA instant transfers, it’s guaranteed to arrive within ten seconds. No pointless third parties involved.
I see this being useful for non-permanent shops, like a strawberry farmer with their seasonal stand, flea markets, etc, but for permanent shops POS systems are superior, whether chip+pin, rfid with card, or rfid with phone. It’s also useful for private-to-private transfers, my bank app can display the code, someone else can scan it, choose an amount, done. In the wild I’ve only seen them on paper invoices, just another (additional) way to write "please send the due funds to ".
How does the employee at the till know if the transaction was successful?
Just as they do know: The till will tell them that the customer has paid.
Which is why I said that this QR code thing is much more useful for situations where there’s no till in the first place, like a flea market, where a QR code + looking at the transaction log on your phone can make a shoddy yet serviceable till. Certainly better than telling people to go to an ATM if they want to buy something.
@oakward@feddit.org cool, I can see my comments from lemmy on mastodon, I am curious if comments from mastodon make it across to lemmy.
I am amazed
I just checked their website. For registration the require my bank account (understandably) AND password. That’s a no from me dawg.
I hold my card in front of the scanner.
Switzerland already has twint and I don’t see them switching to a new system. Maybe that’s where it will lead to: multiple regional services. Not great, but also not a giant corporation.
What we really need are alternatives to US credit card systems.
This sounds interesting, thanks for sharing. Have now read through the page and FAQ. Is my understand correctly, that this app is only for paying in offline world, not for online purchases like e.g. PayPal?
Yes, it’s only for payments in offline shops at the moment.
Thank you for clarifying. It is impressive how many shops they have participating.
In belgium Klarna is an option that is growing more and more custom with online-payments
Klarna is probably going to implode due to mismanagement. Their CEO thinks he can replace software engineers with AI, got a rid of way too many of them and the ones that are left are overworked just trying to keep the lights on.