Post by Stefan Hรถlscher

Turning complex payments into seamless transactions @ Otto Group

๐ŸŽ‰ ๐ž๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ž-๐‹๐š๐ฎ๐ง๐œ๐ก ๐จ๐Ÿ ๐–๐ž๐ซ๐จ ๐ข๐ง ๐†๐ž๐ซ๐ฆ๐š๐ง๐ฒ - ๐œ๐จ๐ง๐ ๐ซ๐š๐ญ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ! ๐Ÿ—๏ธ ๐“๐ก๐ž๐ฌ๐ž ๐š๐ซ๐ž ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ ๐Ÿ๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐Ÿ๐จ๐ซ ๐ซ๐š๐ฆ๐ฉ๐ข๐ง๐  ๐ฎ๐ฉ ๐ญ๐ก๐ž ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง. Launching a new payment method is a marathon, not a sprint. Providers need to get multiple stakeholders on board: - Consumers - Merchants - Banks and Acquirers (if you choose a 4-party-scheme) It's like building a plane mid-air: competition is intense, innovation is rapid, regulations are always changing, and feedback can be harsh. ๐ŸŽ‰ Time for a heartful congratulations to the entire Wero-team, e.g. Martina Weimert, Fabian Mansfeld, Markus Fuchs! ๐ŸŽ‰ Iโ€™m excited to see the first transactions at Otto Group's merchants Baur and Quelle soon. Weโ€™ll be integrating Wero to settle open invoices as a pilot project. Meanwhile, I finished my first live transactions at "Genostore" to get this beautiful shirt. ๐Ÿ˜‚ Itยดs just the beginning. For wider adoption and more transactions, these topics need to be addressed: - More PSPs ready (like Nexi and Adyen) - More banks onboard (like DKB and Commerzbank) - Simplified, consistent fees (no country-specific differences) - Transparent scheme fees - Joint marketing campaigns with merchants - Easy chargeback processes for both merchants and customers - Additional features (like recurring payments) - Expansion to more countries (beyond just interoperability) I know the team at EPI is working hard on a couple of things - keep going! Have you tried Wero yet? What was your experience? #Payments #Wero #EPI

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