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Wero to Debut at Online Checkout This Autumn, Bavarian Sparkassen Say

Banks tout lower merchant costs to position a Europe‑based alternative to U.S. payment giants.

Overview

  • The Bavarian Sparkassen association announced that Wero will become available for e‑commerce payments in the coming months.
  • Physical retail acceptance is targeted for 2026 or 2027, according to SVB vice president Stefan Proßer.
  • SVB cites roughly 43 million registered users overall, including about 1.3 million at German Sparkassen and nearly 200,000 in Bavaria.
  • The bank‑led service, launched by the European Payments Initiative in 2024, currently operates in France, Germany and Belgium with person‑to‑person transfers.
  • Proßer says Wero transactions could be 75% to 80% cheaper than credit cards, and he frames the rollout as a step toward European sovereignty in digital payments.