Nuvei has joined the European Payments Initiative (EPI), a move that will allow the Canadian fintech firm to integrate the Wero digital wallet into its payment offerings for ecommerce businesses.
EPI is a collaborative initiative backed by 16 European banks and payment service providers.
Wero enables users to execute instant account-to-account transfers using SEPA Instant Credit Transfer protocols, with transactions completed within “10 seconds” via mobile numbers, email addresses, or QR codes.
Nuvei’s integration with Wero will provide its merchant clients with early access to this payment solution through their existing single integration with Nuvei’s core payments platform.
The pilot programmes for this integration commences in May 2025, with a general rollout expected in September 2025.
This collaboration aligns with Nuvei’s aims to diversify its alternative payment method (APM) portfolio.
Nuvei chair and CEO Philip Fayer said: “By integrating Wero into our platform early, we are empowering our merchant partners to capitalise on emerging payment trends and deliver preferred local payment experiences at scale. This positions Nuvei uniquely as a leader in supporting European merchants with forward-thinking payment innovations.”
EPI CEO Martina Weimert added: “Our partnership with Nuvei is a new key step towards Wero’s expansion to the e-commerce sector.
“By making Wero available to Nuvei’s extensive merchant network, we’re accelerating the adoption of a truly European payment solution that enhances financial sovereignty while delivering a seamless, easy and innovative experience for consumers and businesses alike.
The digital wallet was launched with the aim of consolidating the “fragmented” payment systems within Europe and has since garnered over 40 million users in Germany, France, and Belgium since its introduction in late 2024.
Plans for Wero’s expansion into the Netherlands and Luxembourg are underway, with additional features such as buy now pay later (BNPL) services and customer loyalty programmes anticipated to roll out.
In February, Nexi Germany, a subsidiary of Nexi, signed a contract with EPI to integrate Wero. Besides, payments platform PPRO secured principal membership with EPI for Wero.
“Nuvei offers ecommerce businesses access to Wero wallet ” was originally created and published by Electronic Payments International, a GlobalData owned brand.
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