Wero lets users send money using just a phone number
No, Wero lets users send money using a smartphone. If there’s no desktop interface (like Poland’s BLIK) I’m gonna be disappointed.
I know India’s UPI runs on HMD dumbphones, would be nice to have something like this.
That’s a question for your bank. Wero is a system designed for mobile payments between banks, but in 95% of all cases it’s your bank implementing it for the user.
Well, it’s a law within the EU that instant payments need to be fulfilled within 10 seconds. If you select that after logging into your bank it shouldn’t be an issue, though it should be the automatic option, IMO; you shouldn’t have to enable it, but rather disable it if you don’t wanna send money instantly, and IMO banks should already know this. My only gripe is that most banks in Europe don’t have a proper “user account” system. It’s more of an address book as opposed to a contacts list. I’d prefer pressing on my peer’s name through a search function on the home screen, than needing to select his name from a list after pressing the specific button for it in the menu to send money, which I’ve already had to press another specific button for; just to reduce the steps needed to send money. I don’t see why that is not doable.
Knowing the EU and my country, the reason is “security” by difficulty. Boomer-ass continent.
I’d prefer pressing on my peer’s name through a search function on the home screen, than needing to select his name from a list after pressing the specific button for it in the menu to send money, which I’ve already had to press another specific button for; just to reduce the steps needed to send money. I don’t see why that is not doable.
Revolut has this, if you trust them with your money. I’ve had no issues over the last 2 years that I’ve used it, but apparently not everyone can say the same.
No, Wero lets users send money using a smartphone. If there’s no desktop interface (like Poland’s BLIK) I’m gonna be disappointed. I know India’s UPI runs on HMD dumbphones, would be nice to have something like this.
That’s a question for your bank. Wero is a system designed for mobile payments between banks, but in 95% of all cases it’s your bank implementing it for the user.
Well, it’s a law within the EU that instant payments need to be fulfilled within 10 seconds. If you select that after logging into your bank it shouldn’t be an issue, though it should be the automatic option, IMO; you shouldn’t have to enable it, but rather disable it if you don’t wanna send money instantly, and IMO banks should already know this. My only gripe is that most banks in Europe don’t have a proper “user account” system. It’s more of an address book as opposed to a contacts list. I’d prefer pressing on my peer’s name through a search function on the home screen, than needing to select his name from a list after pressing the specific button for it in the menu to send money, which I’ve already had to press another specific button for; just to reduce the steps needed to send money. I don’t see why that is not doable.
Knowing the EU and my country, the reason is “security” by difficulty. Boomer-ass continent.
Revolut has this, if you trust them with your money. I’ve had no issues over the last 2 years that I’ve used it, but apparently not everyone can say the same.
No, you need a smart phone for UPI.
1s search https://indianexpress.com/article/technology/mobile-tabs/hmd-105-hmd-110-feature-phones-with-built-in-upi-payment-9385611/
So it doesn’t work in every dumb phone. You need specific devices or smartphone.