Wero is the European payment solution backed by leading European banks. Over the coming months, Payconiq services will gradually transition to Wero in Luxembourg. So what does it mean for you?
Wero is a new European digital payment solution designed for simplicity and convenience. Like Payconiq, it's an app that lets you send money and make payments directly from your bank account.
And Wero goes further, bringing together users and merchants across multiple European countries while introducing new payment services and features.
It is already available in Belgium, Germany and France, with more countries joining over time.
Wero was created with the ambition to unify payments across Europe and introduce new services that reflect how people pay today and in the future. Designed for Europe, Wero is a future-ready and independent payment solution. Soon, you'll be able to use the Wero application in-store, online and to pay invoices.
By becoming Wero, Payconiq is joining a broader European payment ecosystem backed by major European banks and designed to enable secure, simple and scalable payments across Europe. It is a vital step in building a stronger, more independent European payment solution.
Wero is backed by major European banks and continues to grow across Europe. It gives you the simplicity, security and trust you expect from Payconiq, plus new ways to send money, buy and pay as easily across participating European countries as you do at home.
The phased transition from Payconiq to Wero will start later this year and will be complete by the end of 2026.
Everything you love about Payconiq – and more
The same bank-based payment experience
The same high security and data protection standards
A clear and gradual transition
For now, you can continue paying as normal, with the same reliability, security and convenience. We'll let you know when it's time to download the Wero app – it only takes a couple of minutes to link your account and get started.
For now, keep using your current setup
We'll keep you informed at every stage
Your transition will be managed by Buckaroo, who will tell you exactly what you need to do and when
The transition to Wero will take place in the second half of 2026 in 3 phases. You will be told by your bank when it’s time to download the Wero app, while the transition for merchants is managed by our partner Buckaroo.
By the end of the year everyone will have switched to Wero and the Payconiq brand will disappear. We will keep you informed at every stage of the process.
Wero is owned by the European Payments Initiative (EPI), an innovative partnership between leading European banks and financial institutions.
Wero evolves Payconiq from a national payment solution into a broader European payment solution with exciting new features, including the ability to pay in other countries.
Payconiq is evolving into Wero, and changing from a national solution into a truly European way to pay. Wero is designed to match the ways people want to pay, both today and in the future. It's backed by major European banks and financial institutions with the long-term ambition of enabling secure, simple and sovereign payments across Europe. Payconiq has been a huge success in Luxembourg, but Wero takes things to the next level as we build a strong, sovereign European payment solution.
Nothing changes for now with your Payconiq app, but we'll keep you updated as Luxembourg's banks start to offer Wero. We will give you plenty of advance warning that your bank is switching to Wero so you can download the Wero app and connect it to your bank account.
BGL BNP Paribas, BIL, Raiffeisen, Spuerkeess and Post Finance will offer Wero from Summer 2026. Wero will be available from Banque de Luxembourg by Spring 2027.
Your bank will provide regular updates ahead of the effective transition period.
You can continue to use Payconiq normally. As soon as the migration to Wero starts, please download the Wero app and connect your bank account(s) so you're all set for the future. Your bank will tell you when you should start using the Wero app.
Once the transition is complete the Payconiq app will stop working, so make sure you download and connect the Wero app as soon as your bank recommends it.
This summer, Payconiq payments and services will start transitioning to Wero. You will be invited to download the Wero app from the App Store / Play Store and link your preferred bank account(s) to Wero. Once you've done that, you'll be good to go.
Wero is available free of charge to consumers in every country. And paying or getting paid in another country does not cost more than a regular instant European bank payment.
The Wero app allows you make different types of payment actions such as: sending or requesting money, paying a request from a friend or family member, paying an invoice by scanning a QR Code, paying for your purchases in store by scanning a QR Code and paying online with participating merchants.
Please note Payconiq online QR Codes cannot be scanned from the Wero App. The Wero app also allows you to keep track of: Your payment related activities (money sent, status of payment requests, payment requests you have paid, etc.) Your wallet and account management activities
Wero is designed to be as secure as it is simple to use. It offers bank-level security, and every transaction must be confirmed either with your password or, more likely, the biometric security in your phone. It always pays to be careful when shopping or banking online, however, so please check out our 10 golden rules to help keep your money safe: https://wero-wallet.eu/10-golden-rules.
Once your bank offers Wero, it's time to download the Wero app from the App Store or Google Play Store. To set up your wallet, just open the Wero app and follow the instructions to connect your bank account. During the process you will be redirected to your bank’s app or website to verify your identity with LUXTRUST, Luxembourg’s secure digital identify solution. You will need to connect your bank account to a unique phone number or email address.
Yes. You can use your Wero app during the transition period to scan a Payconiq QR code on an invoice and in store.
To activate or manage Wero acceptance, please contact Buckaroo at wecare@buckaroo.eu. They will support you with onboarding, operational guidance and any required updates.
Yes. Payconiq-branded QR codes will gradually be replaced by Wero-branded QR codes, and there will only be a limited transition period during which both types of QR codes will be accepted.
Important: do not print new Payconiq QR codes for use after summer 2026. Updated Wero materials will be provided during the transition.
Consumers will need to download the Wero app and connect their bank account. Once activated, they will be able to pay with Wero wherever it is accepted.
The payment experience for merchants will remain simple and familiar. Buckaroo will communicate any operational or technical changes in advance.
For onboarding support, operational questions or information about accepting Wero, Buckaroo will remain your primary contact during and after the transition.