Deutsche Bank has announced the launch of Wero, a new digital payments platform designed to simplify transactions and strengthen Europe’s financial sovereignty. The initiative is part of the European Payments Initiative (EPI), a collaborative effort by major European banks and financial institutions to create a unified, homegrown alternative to global payment giants.
Wero aims to provide consumers and businesses with a seamless, secure, and fully digital payment solution that works across borders within the European Union. The platform will integrate features such as instant payments, peer-to-peer transfers, and merchant transactions, all accessible through a single interface.
According to Deutsche Bank, the launch of Wero reflects Europe’s strategic push to reduce reliance on non-European payment systems and enhance control over its financial infrastructure. By offering a sovereign solution, Wero is expected to improve resilience, foster innovation, and ensure compliance with EU regulatory standards.
The service will initially roll out in select European markets, with plans to expand across the continent in phases. Deutsche Bank emphasized that Wero is designed to be interoperable with existing banking systems, making adoption easier for both consumers and merchants.
