Company information

How does the payment method work?

Wero is a mobile-first payment solution that leverages bank accounts for all transaction types. For P2P transactions, you can send and request money from any contact who is registered with a member bank by using a proxy. For commerce, Wero acts as a QR code-based solution that connects merchants and consumers. Merchants request consent for payments and use this to ask for a payment guarantee, which can be utilised once or multiple times.

Target markets 

Banks, financial institutions, merchants (all verticals, omnichannel), marketplaces, direct-to-consumer

Contact details              

https://www.epicompany.eu/contact-us/

Geographical presence              

Europe

Funding rounds and investors

ABN Amro, Belfius, BFCM, BNP Paribas, BPCE, Crédit Agricole, Deutsche Bank, DSGV, DZ Bank, ING, KBC, La Banque Postale, Nexi, Rabobank, Société Générale, Worldline

Licence type    

AISP, PISP

Reach  

We start with a reach of 80% of all bank clients in Germany, Belgium, and France.

Acceptance     

For P2P transactions, a reach of over 80% of all bank clients in Germany, Belgium, and France. For commerce transactions, we will start an MVP with selected known and big merchants first, before rolling it out via our members in 2025/2026.

Implementation requirements 

Contract with a member that is offering Wero acceptance contract.

Member of industry associations and/or initiatives       

Mercatel, FEVAD, AFTE, Becom, FinTech Belgium, The Banking Scene, ECC, ClubEHI, The Payments Association

Payment methods type              

E-wallet             

Yes

Online banking payments         

Yes

Domestic or regional scheme (multibank online banking e-payments)              

Yes, own scheme open to all financial institutions

Direct debit      

No, but a similar transaction type with better protection

BNPL (instalments offering)      

Upcoming feature

       •  Credit check          No

       •  Age verification     Upcoming feature

       •  Late fees  No

Channels          

Online 

Yes

POS/in-store    

Yes

Technology and payment capabilities  

Integration technology

Restful APIs

Integration support       

Provided by PSP

Do you offer a developer portal?           

Yes, for scheme members

Do you provide sandboxes and a testing environment?              

Yes, for scheme members

Types of supported APIs\API standard supported         

EPI proprietary API

Do you have a fallback mechanism for PSD2's API?     

No

Connected banks         

Europe – 30% (access to 75% of consumers)

Speed  

Instant/24x7

Payment guarantee      

Yes, duration depending on transaction type

Consolidated data and reporting dashboard   

Yes, via member

Recurring payments     

Yes, multiple options

Settlement currencies 

Yes, EUR but open to non-EUR payments in the future

Processing currencies 

Yes, EUR but open to non-EUR payments in the future

Currency available for customers         

Yes, EUR but open to non-EUR payments in the future

Automated and instant refund 

Yes

Payout/disbursements

Yes

Reconciliation and reporting    

Yes

Instant settlement        

Yes

Client onboarding (KYC/KYB)   

Yes, via scheme member

Fraud and risk management capabilities           

Chargeback / Buyer protection

Yes

Partners             

Technology partners    

We don't communicate about this.

Distribution channels  

Scheme members

Business model and clients     

Pricing model  

Via scheme members

Future developments   

Rollout; country and feature extension