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EU Sovereign Instant Payment System wero Launches: Cross-Border Transfers Completed Within 10 Seconds
July 03, 2024 – The European Payments Initiative (EPI) has unveiled a groundbreaking instant payment system, dubbed ‘wero’, ushering in a new era of seamless transactions across the European Union. Initially, this sovereign payment platform will be accessible to customers of Germany’s Volksbanken and Sparkassen banks, marking a significant step towards financial independence and unity…