Luxembourg is preparing to become the fourth country to launch Wero, with five major banks formalizing their membership in the European Payments Initiative and targeting the end of June 2026 for the initial rollout of peer-to-peer payments.
BGL BNP Paribas, Bil, Banque Raiffeisen and Spuerkeess will be the first banks to offer Wero to their customers, with Post Luxembourg following during the summer and Banque de Luxembourg at a later stage. The staggered market entry reflects the complexity of integrating with the Wero platform and migrating existing Payconiq users.
Payconiq, the Belgian and Luxembourg mobile payment scheme that EPI acquired in 2023, will undergo a managed transition to Wero. Payconiq merchants in Luxembourg will migrate to the Wero scheme through the summer, with a hard end date set for September 2026 when Payconiq will be fully replaced.
Luxembourg consumers will access Wero through the standalone app, enabling instant account-to-account payments both domestically and across borders with Belgium, France, Germany and subsequently the Netherlands. The cross-border capability is a key differentiator, as Payconiq currently operates primarily within national boundaries.
The Luxembourg launch is part of a broader European expansion that has seen Wero grow from its initial German P2P launch in July 2024 to a platform serving 51.8 million users across three countries. E-commerce capabilities launched in Germany in November 2025 and went live in Belgium in March 2026, with France, Luxembourg and the Netherlands expected to follow during 2026.
EPI CEO Martina Weimert has positioned Luxembourg as a strategically important market given its role as a financial center and its existing familiarity with mobile payments through Payconiq. The transition represents one of the first complete replacements of a national payment scheme by Wero, providing a template for similar migrations that may follow as EPI expands to additional markets.