Berliners will soon have to pay fees and other payments to the administration via the payment system Wero. This was decided by the digital committee of the House of Representatives, according to a report by Rundfunk Berlin-Brandenburg (RBB).
Wero – a combination of We and Euro – is a digital payment service that allows money to be transferred by providing a mobile phone number or an email address. It is intended to be positioned against US payment services such as Paypal.
is it pretty much a way to do bank transfers without having to give away your IBAN? I don’t think IBANs need to be kept secret but they’re a bit unwieldy to say the least - and transfers are not always instant.
And with IBAN there are sometimes unknown fees so the amount that your (especially from a different country) transferee receives is less than what you pay, and you only know after 1-3 business days.
That’s not a thing anymore for amounts under 10k or something. Unless your bank is shit and doesn’t automatically use sepa instant, which is free and instant.
More or less, yeah.