Wero is the result of years of work by the European Payments Initiative (EPI), a network of 16 European banks and financial institutions set up in 2021 to provide a single digital payment service for all businesses and citizens. Based on systems such as the existing Payconiq and iDEAL, the digital wallet allows customers to transfer money with just a phone number, no IBAN required – with the novelty of gradually offering them the option to send money to other users in Europe. “One of the main advantages of Wero – besides the ability to make international payments – is the speed with which you …