Comment by sgjohnson
3 hours ago
> > A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment.
SEPA Instant Payments also solves that.
3 hours ago
> > A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment.
SEPA Instant Payments also solves that.
Yes, the only difference is that you need to communicate your bank account number and likely your legal name.
Wero doesn't change that as it's just another interface for SEPA instant payments. In its current version, it just adds phone numbers as an alias. Via the phone number you can also find out their full name and, after a transaction, their account number, as long as they've enabled Wero for their account.
> you need to communicate your bank account number
in Latvia we need to do this for domestic payments anyway. We use IBAN even for domestic payments..
> and likely your legal name.
not mandatory. If provided, the bank tells you whether the recipient name matches the account, but if not, you can proceed with the payment anyway.
They made it mandatory in NL not long ago iirc, or at least the validation now is and the bank doesn't let me leave the field blank. It does seem to be okay with variants of the name
I, too, would prefer to just be able to give people a random number to send money to. Isn't that a GDPR requirement anyway: data minimisation? Can they legally require this beyond their 90% of the law (that is, custody of the thing I'm trying to move)?
which... isn't really a problem for legal transfers, is it
Wero and Bizum are built on top of SEPA anyway
I doubt so, because i need to type god-knows-how-many characters by hand, while visually separating them into chunks by 4, then explicitly authorize the receiver. Oh, and explicitly authorise the country
> then explicitly authorize the receiver. Oh, and explicitly authorise the country
I've never had to do any of this, and I quire frequently send SEPA payments from Latvia.
Well i am in France, and what I said is factually true for some banks; at least mine (LCL)
While your complaint is valid, no need to separate in chunks, there's a checksum.