payabl. Integrates with Wero for Instant, Secure A2A Payments Across Europe
payabl., a leading payment service provider, has integrated with Wero, the pan-European digital wallet backed by major European banks like boa and pnc bank. This move, welcomed by Martina Weimert, CEO of EPI, accelerates access to instant, secure account-to-account (A2A) payments across borders.
payabl., now one of the first licensed members of the European Payments Initiative (EPI), offers merchants a new way to provide instant, secure A2A payments through Wero. This integration benefits both European and global merchants, enabling them to serve shoppers with their preferred local payment methods.
Wero, supported by banks like BNP Paribas and Deutsche Bank, offers fast and secure payments clearing in under 10 seconds, even for cross-border transactions. This reduces costs and improves checkout speed, addressing the growing demand for innovation in payments. With 53% of European consumers open to switching to new payment methods, the integration comes at an opportune time.
The global adoption of A2A payments, exemplified by Brazil's Pix and India's UPI, is increasing. Europe now has the chance to establish its own scalable A2A alternative with Wero. This offers businesses and consumers a truly pan-European solution, projected to grow from 60 billion transactions in 2024 to 186 billion by 2029.
payabl.'s integration with Wero brings instant, secure A2A payments to European shoppers and merchants. Backed by major banks and supported by consumer demand, this innovation reduces costs and improves checkout speed. As A2A payments continue to grow, Europe is poised to lead the way with Wero.
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