Good analysis. I think your core point of many countries wanting to control their payment infrastructure or limiting the interchange fees is valid one. Even in Australia (where I live), the reserve bank has embarked on a reform on capping surcharges which will effectively reduce the loyalty card benefits (miles, etc). In addition, the younger generation is used to things like buy now pay later (afterpay, klarna) who have introduced their own digital wallets - by passing the visa and Mastercard rails. So the headwinds are definitely there.
Good analysis. I think your core point of many countries wanting to control their payment infrastructure or limiting the interchange fees is valid one. Even in Australia (where I live), the reserve bank has embarked on a reform on capping surcharges which will effectively reduce the loyalty card benefits (miles, etc). In addition, the younger generation is used to things like buy now pay later (afterpay, klarna) who have introduced their own digital wallets - by passing the visa and Mastercard rails. So the headwinds are definitely there.
As it turns out, 0 people have ever asked me to use Wero. I didn’t even know it.
Why should I switch to a service that delivers the identical use case?
I don’t believe in Wero either. Its use case is to pay friends/family through bank transfer with just a mobile phone. Like Venmo, or Lydia in Europe.
The digital euro is way bigger and will be used to pay just like your credit or debit card.