An ad seen in Berlin. Positive news
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Can we just do GNU Taler already?
You’ll be happy with the iban phonebook OK. I know I am. (Needs more banks though)
Wero went from “never heard of it” to “it’s already on my phone!?” to “nice ad at the Berlin main station” in like four months. Impressive!
It is a shame, they use american cloud tec 🥲
One step at a time
If only that would be the plan. I‘m certain they went the path least reisistence (technically speaking) and without second guessing those decisions.
Lol these steps are taken before implementing it
I’ve read about it it’s apparently a northern European initiative to create something that already exists in a lot of southern countries but independently. They also don’t want to use our systems, and will probably force us to swap to wero.
Really weird time to start animosity with south and north. I’ll keep using Bizum…
That’s a weird take… I never heard of bizum, likely because it is something super local, like some of the payment systems the Danes have. These companies never really wanted a pan-european system in the first place. Wero is trying to establish this. E-commerce functions will roll out soon and after that, you’ll also be able to pay in shops. It’s going to be a real alternative to PayPal some day. I don’t see how this is creating a divide between north and south?
Maybe inform yourself more before commenting then I guess. Bizum is not a company per se, it’s an initiative from the Spanish government supported by the banks. Portugal has their own and Italy too iirc. They even are all integrated between them, I can use Bizum to send money to someone from Italy using MB Way and so forth.
As stated, it’s weird that they are rolling these systems first on the countries like germany when there’s southern countries with systems that are super similar. If you have seen the wero roadmap the plan to roll out to southern countries is years away,they are prioritising integration in Germany and so on before unification.
You mention all they want to roll out and that [I’ll] be able to use it in commerces, yeah no that’s my point I won’t because they are not prioritising the rollout where I live, when we already have a very similar technology and the adoption would have been fast. Don’t they want users?
The reason why the southern countries separated from the initiative is because instead of using our highly adopted systems as base, the northern initiative wanted us to spend money to develop everything from scratch, which is pretentious and idiotic, but not a surprise…
I don’t like how Wero presents itself as the unifying solution, when the best thing would have been to integrate with the already working international interconnectivity of country specific systems.
Do you have sources for your claims? To me it sounds like you want this division. I never had the feeling there was one in the first place. That’s why I find this claim a bit weird. There may be some other reasons behind this decision. Maybe it’s unifying a fragmented mess of systems? Because that’s what it sounds like to me.
You can feel free to carry on using your system, as the Danes do as well. Then later on you may want to adopt Wero, or perhaps your existing systems will be integrated or they have an interface or whatnot.
Do you have sources for your claims?
Yeah, I read a bunch of articles and kept expanding the response, that’s why it’s so fragmented, sorry. They are in Spanish though.
To me it sounds like you want this division.
I’m not the only one calling the wero a french-german solution.
Maybe it’s unifying a fragmented mess of systems?
There was an intention to do that in the beginning from the southern countries, but the French and German banks had clear stances that they wanted to do it from scratch and asked the banks with those solutions already implemented to basically throw out all of their implementation to do a separate one. As you suggested, interoperability between systems is what Spain, Portugal and Italy are looking for, since they already have their sort of the legwork done.
Anyway, I feel like you are being overly aggressive in regards to my initial stance, where I was right in my assessment on the technology’s development issues.
Like, I was excited and tried to see if my banks were supported, then I saw that no Spaniard bank was, I searched “Wero Bizum” and found the articles I linked you, then wrote my initial comment. It’s not a strong source per se, but I trust the factual information they have presented. I’m not against interoperability or unification of systems but against the unnecessary rewriting of ours when they work perfectly fine.
Thanks for taking the time. I know German banks can be very bossy with the EZB and all, but I don’t think it is to create a divide. I guess I misunderstood you, it sounded a bit as if you were being aggressive in your original post but I’m clearly in the wrong. I didn’t quite like the whole north-south divide sentiment, because other Nordic countries also have their own working systems and they’re also not on board with Wero from the beginning. I’m a huge fan of how Spain handles things lately and truly believe us Germans can learn a lot from you and I wasn’t aware of any north-south beef (except within Germany, lol).
I’ll read up a bit on the topic. You’ve piqued my interest! I’m still excited for a unified European solution and don’t really care who does it, as long as it’s good and safe.
Edit: apparently Wero has decided to cooperate with bizum because they must grow fast: German article this time
Thanks for that link, those are good news! Just like Spain is a multicultural country where interoperability between citizens is seen superior to unification, I feel the same with Europe. We should work together, each country bringing their strengths. If in the future Bizum and other country specific solutions disappear or are renamed I don’t really care as long as everything is done as efficiently as possible.
I’ll admit that I should have said french-german instead of northern Europe, in my defense the articles I linked only mentioned Spain, Portugal and Italy, but Netherlands had the same reaction as you said so that wasn’t a fair assessment.
The day I can use Bizum/Wero/??? to pay my groceries will be glorious. ❤️
Sadly very limited. Not every bank account is supported and it’s rare to find a shop that accepts it.
I assume that that will less and less of a problem though.
You also need a phone number per bank account, so most people will only be ever to use it for one account. As much as I act to like it, it’s bad…
I see no issue with it. Spain has Bizum which is basically the same, and I send money to people via their phone number, and they decide where that money should go.
Don’t create unique IDs per account please, keep it simple.
Per bank account or per bank? I have something similar and it’s tied to my bank, but I can select wich account I use every time (personal, savings, shared…)
I suppose on the receiving end it has to be connected to a single bank account.
Wero is only now getting some traction. Search the web for network effect and you can learn how a growing user base is effecting the usefulness of a service
It was launched last year.
…, yet.
Support for businesses will follow later.
You have to use an app and cant use a website, thats my problem with android8
Tried activating the feature on my banking app (ING), but it always crashes :(
With out oft world reasons you have to use their banking app and have to put in your mobile number and HAVE TO SYNC YOUR CONTACTS. At that point i cancled that shit.
You do not have to. At least iOS allows you to select if you want to give access to all contacts, specific contacts or no contacts at all.
It’s like many of the messaging apps: how would you be able to select to whom to send money if you don’t share the contacts
Like, put the phone number into a text field within the app? They don’t need access to the address, the birth date, e-mail, whatever else I save about my contacts.
I know nothing about WERO, but I guess they would want to at least limit payment requests to your contacts.
But why? If i want to exchange money for buying used stuft, i dont want to add them to my contacts first. But i think that every bank has its own App is far worse.
In my banking-app you can type phone-numbers or e-mai-addresses without adding those to my contacts.
Since Wero is directly linked to the banking account I absolutely don’t want to grant access to a third-part-app. Also I don’t want yet another banking-app.
So every bank has its own app, but that app was preexisting and is only expanded by the wero-functionality. I guess behind the scenes there is some unified interface.
I thought wero is just a way to transfer money to family and friends. I just learned that it’s a whole lot more, so letting anyone outside your contacts request and send payments makes sense. Although by now most registered phone numbers should appear in some breach/leak, which makes this kind of a stupid idea if I’m not mistaken. This also completely obliterates the need for syncing your contacts wtf lol.
My Bank: We don’t support it and don’t plan to do it. 🤷♂️ I cannot switch the bank so easily because of contracts.
You can just have multiple bank accounts.
Shame them publicly. So others don’t join them
So is that something like Twint?
Is there really a reason we need a dedicated payment service? Iirc in the US you can’t just wire money to people with your regular bank account and that’s why PayPal took off. It might save you a few seconds compared to filling in your credit card details when online shopping but is that really worth it?
Independence from US card companies? When you pay with a VISA card, VISA takes a fee. Or any other card. They all take a fee. Same if you add them to PayPal. The card issuer takes a fee, PayPal takes a fee. Mastercard just blocked the selling of certain games on Steam because they wont allow transactions for games with sexual content.
There are many valid reasons to not rely on the VISA/ Mastercard/AMEX etc. these were just some examples.
When you use wero - it’s connected directly to your bank account. No card issuer involved.
im still waiting for an app to replace google wallet on my watch
In the US you really could not send money from one Person to another?
It’s actually the same in Europe. You can only instruct someone else to take money out of your account.
I dont think so. As far as i know i can send money to whoever i want when i have their iban number.
Nope. You’re telling your bank to tell their bank that you authorize them to withdrawal that amount.
@quick_snail @polle Hmmm. A bank transfer (my banks literally call it “send money”) or standing order is different from a direct debit authorisation - the first two are me sending money, the last is me letting them take it. Pretty sure we don’t need a special app. My bank apps even allow me to send money to a phone number.
I go to my phone app, make a transfer, put the IBAN of the one I want to send money, put amount, bank tells me if it takes a day or is immediate, go.
The other person recieves money, lately most banks have it instantly, so they get it instantly.
Is it really that important what the banks are doing internally if I’m the one initiating the action and they get the money?
I even have my usual contacts in the bank’s app, so most of the time sending the money is super simple.
I’m familiar with the UI. Its pull-based in the back end. Source: I worked for a bank
Which is irrelevant for my point, what’s relevant for the comment chain is that a person can quickly make a direct transfer and the second person receives it instantly most of the time. The inner workings of the functionality are not relevant when talking about the use case.
You make it seem like I need to send a request email to the target bank, then wait until their certified postal mail reaches my bank, then my bank sends them money. This is a hyperbole, what I mean is that you make it seem way more cumbersome than it is for the end user.
@quick_snail @polle Bull. Shit.
What exactly?
@polle the entire statement regarding authorising another bank to withdraw money.
I was trained as a banker and learned that stuff. I have no desire to do an entire writeup but this stuff should be easy to read up on.
Banks sum up all transactions with another bank, send the net sum (or ask to receive it) and the transaction details to the other bank and that’s how it works.
What you describe is SEPA Core Direct Debit and not a sepa credit transfer
They’re both debit. The difference is the UI. In the backend, its both pull-based.
You can’t prevent someone malicious from pulling from your account.
But you can transfer is back if its maliciously. Its just a click in the online banking. If you transfer it yourself you cant get it back.
The idea behind wero is to save those few seconds PayPal is saving you. It also provides a safety layer, by allowing you to cancel wrong payments. Other then that it is just bank transfers.
How does cancelling payments work? Isn’t Wero basically based on the SEPA instant payment system?
Well, Paypal made some things right: you wire money by e-mail address. Some people did not like the thought of sharing banking details with “everybody”.
The second thing was the strong buyer protection: if the item does not show up or is damaged or anything I instantly get my money back. Shifting the burden of proof to the shop owner sucks for the shop owner a lot, but as a customer this is a huge bonus.
Finally, other people said it in the thread already: using e.g. my banks online banking in the browser on mobile is a shitty experience, fumbling around a lot. Paypal feels like half a click in comparison. The need to install an app for Wero already kills it instantly for me.
Legit question, but yes. Transferring money via QR-code/e-Mail/Phonenumber is worth it. Obviously the hurdles are big enough, so that the most money transfers with my peers (e.g. for balancing a shared pizza order) happen to be via PayPal.
Doesn’t work without a vendor app on a root-locked phone. Get fucked wero. Get fucked German banks.
Digitaler Euro Überwachungsstaat HEY HOPP
Der digitale Euro ist* etwas anderes. Wero ist ein Zahlungsdienstleister wie paypal oder visa. Der digitale Euro im Grunde ein Girokonto bei der EZB.
*soll werden - ist schließlich noch in Entwicklung
Dange für die Klarifikation
