I'm in Switzerland, and am a customer of several Swiss and German banks. Because of that, I mainly use Twint, and I hope for the rest of us that Wero turns out as well or better than Twint did 10 years ago. The change is long overdue.
The thing Twint (and Wero and PayPal) allows is really easy, fast, cheap (not PayPal) and secure (not PayPal) online stores. Scan the QR Code on screen, 1 second later your download link replaces the QR code. Done.
Now, I'd like to know how to do that with SEPA/giro. PSD2 and open banking sounds promising. You seem knowledgeable. Why doesn't anybody use that (or do you have an example for a online store using it)? How fast is it really?
And why did it take so long? Twint is 10 years old, iDeal is 20 years old, PayPal is 25 years old.
Because once you have those capabilities, you can do a small firmware update on credit card readers with a display, and you can pay by app everywhere - no credit card, NFC or Google/Apple/Samsung pay integration neccessary.
The thing Twint (and Wero and PayPal) allows is really easy, fast, cheap (not PayPal) and secure (not PayPal) online stores. Scan the QR Code on screen, 1 second later your download link replaces the QR code. Done.
Now, I'd like to know how to do that with SEPA/giro. PSD2 and open banking sounds promising. You seem knowledgeable. Why doesn't anybody use that (or do you have an example for a online store using it)? How fast is it really?
And why did it take so long? Twint is 10 years old, iDeal is 20 years old, PayPal is 25 years old.
Because once you have those capabilities, you can do a small firmware update on credit card readers with a display, and you can pay by app everywhere - no credit card, NFC or Google/Apple/Samsung pay integration neccessary.