this post was submitted on 11 Mar 2025
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Don't know how many banks have implemented this already cause it's kinda brand new, but Europe has made its very own PayPal: https://wero-wallet.eu/
I think it's main use is to send money quickly between friends and family,.don't know if payments are also intended later. But the good news is it's all European, no evil company in the background, only the banks you're already a customer of anyway.
Thanks for suggesting Wero! I tried it out, but unfortunately, they're incompatible with my bank (Deutsche Bank). It does seem super cool, though! I'll follow their progress and hope they add support soon. I appreciate the recommendation.
Doesn't N26, Revolut etc. also involve the creation of a new bank account? As far as I know they will all lead to a separate IBAN with separate cards etc.
Precisely that was the plan; I'm disabled, and managing to work with a physical bank is hard for me, I thought if I could throw out PayPal and Deutsche Bank in one go, that's the best-case scenario