Wero
Belgian account-to-account payment wallet from EPI Company SE for sending money between bank accounts by phone number
Quick Overview
| Company | EPI Company SE |
|---|---|
| Category | P2P Payment Apps |
| Headquarters | Brussels, Belgium |
| Founded | Not stated |
| EU Presence | Yes - Belgium (EU) |
| Data Location | Not stated on the pages we read |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Bank-to-bank transfers in under 10 seconds, 24/7 availability, payment with a phone number instead of an IBAN or card |
| Pricing | Not stated on the vendor page (no consumer fee information shown) |
| Best For | Sending money to friends and family between participating banks in Belgium, France and Germany |
| Replaces | Venmo |
Detailed Review
Wero is the payment wallet of EPI Company SE, a company with its imprint address in Brussels. The vendor page states that EPI Company SE is authorised by the National Bank of Belgium as a payment institution, dated 20 February 2024.
Wero moves money straight between bank accounts, so the money does not sit in a stored balance the way it does in a Venmo account. Facts on this page were checked on 3 November 2026.
How Wero Sends Money
Wero transfers money between bank accounts in under 10 seconds, according to the vendor page. Wero states that transfers work 24/7, including nights and weekends.
Wero lets users pay with a phone number instead of an IBAN or a card.
Where Wero Works
Wero is listed for Belgium, France and Germany on the vendor page, with Luxembourg in the footer. Wero describes in-store payments and subscriptions as coming later.
Wero only works with banks that have joined Wero, so availability depends on the user's bank.
Regulation and Entity
EPI Company SE is authorised by the National Bank of Belgium as a payment institution. That puts the contracting entity inside the EU and under Belgian supervision, unlike Venmo, whose user agreement is a contract with PayPal, Inc.
Limitations to Consider
Wero works only with banks that have joined, so a user whose bank is not a participant cannot use it. Coverage is listed as Belgium, France and Germany, and in-store payments and subscriptions are described as coming later. Consumer fees and data hosting are not stated on the pages we read. For a Spanish or Nordic alternative see Bizum or Vipps MobilePay.
Who Should Use Wero
People in Belgium, France or Germany whose bank has joined Wero and who want Venmo-style person-to-person transfers from a Belgian payment institution.
Pros and Cons
Pros
- Transfers in under 10 seconds (vendor claim)
- Available 24/7, including nights and weekends
- Pay with a phone number instead of an IBAN
- Operated by a payment institution authorised in Belgium
- Moves money between bank accounts directly
Cons
- Depends on the user's bank having joined
- Coverage limited to a few countries
- In-store payments and subscriptions still to come
- Consumer fees not stated on the pages we read
Alternatives to Wero
Other European p2p payment apps worth comparing before you decide:
Bizum
Spain · Spanish bank-backed instant payments from a mobile phone
Vipps MobilePay
Norway · Nordic app to send, request and split money
Satispay
Luxembourg · Free payments between friends, in stores and online
Monzo
United Kingdom · UK bank app with free bill splitting between friends
See all European p2p payment apps or compare them directly against Venmo on our alternatives page.
Frequently Asked Questions
Yes for person-to-person transfers. Wero is run by EPI Company SE in Brussels and sends money between bank accounts by phone number, but it works only in countries and banks that support it.
The vendor page lists Belgium, France and Germany, with Luxembourg in the footer. Availability depends on whether the user's bank has joined Wero.
EPI Company SE, Brussels, which the vendor page says is authorised by the National Bank of Belgium as a payment institution.