Revolut has joined the European Payments Initiative to introduce its Wero Wallet to millions of new customers this summer.
Launched late last year, Wero aims to leverage account-to-account (A2A) payments, helping European banks compete with Visa and Mastercard. It has already signed up 40 million users in its initial markets.
The wallet facilitates A2A transfers using SEPA Instant Credit Transfer protocols, allowing users to send money within 10 seconds via phone numbers, email addresses, or QR codes.
Revolut customers in France, Belgium, and Germany will have access to Wero’s core features directly through their app, including instant, fee-free P2P money transfers among Wero users.
Looking to the future, Revolut plans to integrate additional functionalities, such as e-commerce payments in the second half of 2025, followed by in-store payments, subscription management, and loyalty services starting in 2026.
“Facilitating seamless access to free and instant payments is no longer a nice to have, it’s a must,” says David Tirado, VP of Global Business at Revolut. “By enabling Wero within the Revolut app, alongside our other local peer-to-peer payment partners, we’re empowering our customers to make instant and secure payments seamlessly within European borders, in the most suitable way for them.”