EPI Wero explained: How Europe’s A2A wallet works

Europe has launched Wero, a new unified digital wallet developed by the European Payments Initiative (EPI). This initiative seeks to establish a homegrown payment solution, directly challenging the dominance of established international card networks.

The move addresses concerns over the region's dependence on external payment infrastructure for the majority of consumer transactions. Policymakers have expressed a desire for greater European control over payment processing.

Wero's introduction signifies a strategic effort to bolster the European digital payment ecosystem, offering an alternative that prioritizes regional infrastructure and potentially enhances transaction efficiency and data sovereignty.