[Cwizard]

I am unfamiliar with Wero. Can you explain why it is an engineering fiasco?

Side note: Looking at their job listings I don't see any engineering positions (with the exception of a security engineer which is a grey area in a bank IMO), only managers and business roles.

[sam_lowry_]

I see one engineering job ad https://careers.epicompany.eu/jobs/6909459-senior-full-stack... if we can call EU Digital Wallet speculation "engineering".

But you just answered your own question.

Wero is a money extraction business that secured European Commission support. There is no engineering nor payment system to it.

[woodpanel]

what ever "money extraction business" means - wero is a real thing people (me included) are already using and developed jointly by many european banks.

[sam_lowry_]

Old Dutch banks and their Belgian suckers, mostly. You can see a list on their website.

I am not deep into this, but I heard multiple times that the choice of the pan-european payment system was largely political and technnically suboptimal. Old Europe pushed for the aging iDEAL against a much more advanced Blink, so Eastern European banks led by Poland left the consortium.

In the end, iDEAL rebranded as Wero was dead on arrival because a successful system needs to be supported by everyone.

[woodpanel]

Sounds more like you have some axe to grind

https://epicompany.eu/members

[sam_lowry_]

Others joined quite recently, indeed.

Wikipedia gives an overview by year.

As for the axe, I have no personal interest.

[seec]

I have no idea what you are talking about. I have been using Wero for a while in France and it works just fine and is completely free. It's basically instant bank transfer without any fee or limitation on how many you can do.