On Monday, the European Payments Initiative (EPI) consortium, the developer of the Wero payment solution, announced that five Luxembourg banks had joined: Spuerkeess, BGL BNP Paribas, Banque Internationale à Luxembourg (BIL), POST Luxembourg, and Banque Raiffeisen.
As the French successor to Paylib, Wero lets clients send and receive money via instant account-to-account transfers, using a mobile phone number, a QR code generated by the application or an e-mail address.
The new service will be rolled out gradually across the professional world, as well as in shops and online. Wero was initially considered a European response to the big American companies Visa and Mastercard.
The payment service is already active in France, Germany, and Belgium, and it will be available to Luxembourg clients at the five new member banks from 'June 2026 onwards', as stated in the press communication.
"The launch of Wero in Luxembourg marks a key step in our ambition to provide all Europeans with a sovereign, simple and unified payment solution", emphasised EPI CEO Martina Weimert in the press release.
Wero claims to have 'more than 40 million registered users', a figure that underlines the very low take-up outside France, where Paylib claimed a volume of 35 million registered users at the end of last year.
In early June, the British financial technology firm Revolut also announced their participation in EPI.
