Austrian banks join European payment solution Wero

▤ Summary

Several major Austrian banks are joining the European Payments Initiative to support Wero’s entry into Austria. Erste Bank Oesterreich will become a shareholder, and Raiffeisen Bank International plus three regional Raiffeisen banks also plan to join. The move expands Wero, a real-time account-to-account payment solution, into a new strategic market. The banks want to help shape the service and offer customers and merchants more payment choice, but no launch date for Austria is set yet.

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