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EU seeks to make 10-second instant bank payments a reality
(www.euronews.com)
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this post was submitted on 09 Nov 2023
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In Spain we have bizum. It is instant, well integrated with bank apps, works with a mobile number and it is free.
The Netherlands has Tikkie, same thing. And my bank has instantaneous transfers all across the EU… I’ll never change bank
Actually, the goal is to fold all of these national digital payment schemes (like iDeal, Payconic, Giropay,...) into a unified European system called WERO which is also based on SEPA Instant Transfers and will be rolled out over the next couple of years. They actually just finished the acquisition of iDeal recently.
That's awesome, if I can use the Bizum equivalent all over the EU, I'd be delighted.
Same here!