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16 December 2024

EPI and the cooperative financial network announce the first successful end-to-end Wero e-commerce transaction with a German merchant


This Proof-of-Concept transaction was completed between the end of November and mid-December using Wero e-commerce payment solution between two local banks of Volksbanken Raiffeisenbanken cooperative financial network and VR Payment on the 1.FC Kaiserslautern online shop using the Wero solution.

 

European Payments Initiative (EPI), the European-grown player committed to offering a sovereign and innovative payment alternative to consumers across Europe, today announced the successful completion of its first end-to-end Wero e-commerce payment transaction. The successful execution of the POC transaction on the online store of 1. FC Kaiserslautern was made possible to the involvement of EPI, Atruvia, DZ BANK, its subsidiary VR Payment along with the two pilot banks VR Bank RheinAhrEifel eG and VR Bank Südliche Weinstraße-Wasgau eG. This POC is an important milestone to the Wero roadmap and paves the way for the e-commerce use case market launch starting in summer 2025.

Between the end of November and mid-December, several transactions were successfully carried out on the online store of 1. FC Kaiserslautern as part of the POC. This first step ensures the smooth integration of Wero into the online platform of the merchant (1. FC Kaiserslautern) and its acquiring partner (VR Payments) as well as in the online banking app (VR Bank RheinAhrEifel eG and VR Bank Südliche Weinstraße-Wasgau eG) of the end-customers.

Further trials will be conducted throughout the first half of the year, before the official launch starting at the beginning in Germany over the summer. Belgium will follow in the fall and France at the beginning of 2026. 

Wero will allow consumers to pay at e-commerce merchants directly with their bank account - without any intermediary or additional payment mean. The e-commerce solution will cover standard payment use cases such as one-off payments and refunds and, will add more complex payment models over time. This seamless and secure account-to-account payment method ensures the highest standards of data protection and fraud detection fully protect consumers. Merchants will enjoy a simple deployment via their usual acquirers, such as VR Payment, in this case), a seamless user experience and a competitive pricing policy compared to usual payment schemes. 

One of Wero’s key advantages is its customer-centric approach, offering enhanced usability for retail customers while ensuring easy deployment and processing for merchants. This Proof-of-Concept clearly demonstrated both benefits. As the acquirer of the Genossenschaftliche FinanzGruppe, we are proud to contribute to this significant step toward the e-commerce payment solution launch.”, explains Carlos Gómez-Sáez, Chairman of the Management Board of VR Payment....

 more at WERO



© EPI European Payments Initiative


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