Customers of DZ Bank, the central organization of the German Volksbanken Raiffeisenbanken Cooperative Financial Network, and the German Savings Banks Association (DSVG) may now access the solution.

"Towards the end of summer," Postbank and the retail division of Deutsche Bank, the biggest bank in Germany, will debut in a similar manner.

According to the organization, the objective of the 16 European member banks and payment service providers that make up the EPI is "to offer a unified digital payment service for all European businesses and citizens."

Subsequently, the EPI states that it intends to go live with Wero in France in September or October after launching the product in Belgium by the end of July through bank-insurance company KBC.

The EPI's member banks, which include banks from the Netherlands, the UK, Spain, and Italy, will debut on a full scale "within the next six months" following these staged launches.

Wero's initial users will be able to conduct person-to-person (P2P) transactions with a QR code, email address, or phone number in less than ten seconds. After that, its scope will be increased to encompass the capacity to send and receive money from other parties as well as execute cross-border payments between users.

In 2025, Wero is anticipated to facilitate direct in-wallet payments to small and medium-sized enterprises (SMEs), online merchant payments through QR codes, and the administration of recurring payments. The following year, in-store payment, expense sharing, program integration, and buy now, pay later (BNPL) capabilities are anticipated to be added.

According to EPI CEO Martina Weimert, the goal of the service's first P2P payment focus is to "acquaint consumers with Wero." However, she notes that the ultimate goal is to provide "all kind of payments through a single wallet combining the simplicity, immediacy, and security of the banks."

The launch "marks an important step towards enhancing Europe's financial independence," according to EPI Chairman Dr. Joachim Schmalzl.

"More actions and features will come, progressively positioning Wero as the go-to solution for all transactions," he continues.