Austrian Bank Group Says Members May Join Wero Payments System

Austrian banks are considering joining the Wero payments system, set up as a European competitor to traditional service providers such as Mastercard and Visa, according to a statement from the banking group at the Austrian Economic Chambers.

• Banks assessing potential client benefits as well as business and technical aspects
• Payments system could contribute to goal of more digital sovereignty in Europe, group chair Michael Hoellerer cited as saying
• NOTE: EU Banks Launch Wero Payments to Dislodge Visa, Mastercard (1)

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Marton Eder in Vienna at meder4@bloomberg.net

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