Wero: Europe Wants to Promote a PayPal Alternative—But Few Are Using It Yet

The payment service Wero was actually launched to establish itself as a European alternative to U.S. competitors such as PayPal and payments via Mastercard and Visa. But even two years after its launch, the service is making only slow progress. Only 14 percent of those surveyed have already linked their checking accounts to Wero, and just under seven percent actively use the service—for example, to send money to friends or make online payments…