Deutsche Bank to offer Wero payment acceptance
0
Launched to harness the potential of account-to-account (A2A) payments to help European banks take on the might of Visa and Mastercard, the European Payments Initiative's Wero has already enrolled 40 million users across the first wave of markets it has entered.
Having initially focused on P2P payments, the effort is about to target online checkouts. Deutsche Bank will enable clients to accept Wero in its home market as well as Belgium and France after go-live, with the Netherlands and Luxembourg to follow in a subsequent step.
The bank - which is an EPI shareholder - says that the offering is not just for conventional merchants, it is also being opened up to market integrators and aggregators, such as fintechs and payment service providers.
'By integrating Wero, we will be able to offer our clients a modern and European alternative to current international payment solutions - a solution that is secure, efficient and deeply rooted in Europe. It will become one of the bank's core local payment methods,' says Corina Metternich, head, business product payment methods, Europe, Deutsche Bank.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
44 minutes ago
- The Sun
Aldi reveals the best time to shop in store this summer to find best deals including Specialbuys
ALDI has revealed the best time to shop in store this summer to find the best deals. With the summer holidays in full swing, many shoppers may be looking for ways to avoid busy crowds. 1 The German discounter said over the school break the hours between 8am and 10am are among the quietest. Most of the brands' supermarkets open at 7am or 8am, so getting there as soon as doors open can give you a chance to dodge the crowds. If you are planning a trip on Thursday or Sunday, getting there early can also give you a chance to get your hands on the latest Specialbuys. These are bargain products located in the store's middle aisle and can include everything from a bargain Ninja Air Fryer dupe to stylish garden furniture. You can check out what is heading to stores by picking up a booklet in store or looking on the Aldi website ahead of your next shop. But if you have your sights set on an item, you need to act quickly because once it's gone, it's gone. This week, shoppers can pick up soft toys for children and a range of pet care items. And you don't need to be an early riser to have a savvy shop at Aldi. The budget chain said late afternoons from 4pm to 5pm, and evenings between 8pm and 10pm are also a good time to shop if you're looking to dodge a swarm of shoppers. Heading later in the evening could also up your chances of scoring discounts on food. All upcoming 'Aldi Finds' in the middle aisle next week – including portable chargers, power toothbrushes & dryer balls The store also has red stickers to show an item has been reduced, unlike the yellow ones you may see in Tesco or M&S. So be sure to keep your eyes peeled for the coloured labels. Aldi said: "Bakery, meat, and deli items nearing their best-before dates often receive significant markdowns at Aldi, with discounts of up to 75%. "While specific times can vary, focusing your search towards closing time is generally a good idea." MORE ALDI NEWS This summer, the supermarket has been giving away a free £50 voucher every single day. The scheme has been running since July and is due to end this month. To be in with a chance of bagging one of the vouchers, parents simply need to send their name and email address to SummerSupportScheme@ There are no lengthy forms or complicated sign-ups – just one quick email to apply. Each day, one family will be picked at random and awarded a £50 Aldi voucher to spend in store on whatever they need. BEST TIME TO HIT THE SHOPS And it is not just Aldi which has shared insight into the best time to hit its shops. Tom Church, co-founder of discount code website said fans of B&M to head to its stores a Wednesday. He previously said: "This is when most of the new reductions are dropped." Meanwhile, if you are planning a trip to Home Bargains then it is best to head there first thing in the morning to grab the best deals. That is because most the larger Home Bargains stores get deliveries at around 7:30am everyday. How to save money on summer essentials SUNNIER days and warmer weather will leave many of us wanting to kit out gardens and outdoor areas. Sun Savers Editor Lana Clements explains how to get a great deal on summer essentials… It pays to know how to bag big savings on the likes of hot tubs paddling pools, egg chairs and outside bars. Many retailers have flash sales across entire ranges – often this ties into payday at the end of the month or Bank Holiday weekends. Sign up to the mailing lists of your favourite brands and you'll be first to know of special offers. It can be worth following retailers on social media too. Keep a close eye on the specialbuys at Aldi and middle of Lidl drops which drop a couple of times a week and usually mean great value seasonal items such as beach gear and paddling pools. If you are not in a hurry to buy an item, try adding it to the shopping cart and leaving it for a couple of days. Sometimes big brands will try to tempt you into the sale by offering you a discount. Always check if you can get cashback before paying. It's especially worth using sites such as Topcashback, Quidco and app Jamdoughnut when buying bigger ticket items such as garden furniture as you'll get a nice kickback.
Telegraph
2 hours ago
- Telegraph
Billionaire Porsche family prepares for war with new defence fund
The German billionaire family behind Porsche is launching a new fund focused on investing in defence as it seeks to cash in on Europe's rearmament drive. Porsche SE – the powerful holding company run by the Porsche family – said it wanted to 'defend our values, democracy, and freedom' by pursuing a range of investments in the sector. The company, which has stakes in its eponymous luxury carmaker and Volkswagen, is expanding into weapons as it claimed we are 'in a world where freedom and security are no longer a given'. In particular, Porsche SE called out Russia's 'war of aggression against Ukraine, growing geopolitical tensions in Asia, and increasing cyberattacks on critical infrastructure'. To expand its fund, the Porsche family is planning to attract investors across Germany and Europe. The shift into defence is a symbolic moment for the Porsche family, which has generally avoided working with the defence sector since the 1960s. Ferdinand Porsche, the founder of the luxury marque Porsche AG and the engineer behind the bestselling Volkswagen Beetle, was a notable figure in Nazi Germany. He played key roles in tank design, turret production and even had a brief spell working on the V-2 rocket, as he became a friend of Adolf Hitler in the process. Ever since, his descendants have tried to move past this chapter in their history. However, Porsche SE said a renewed focus on defence in Europe had created an opportunity that it intended to capitalise on. Hans Dieter Pötsch, chairman of Porsche SE, said: 'On our way to becoming a diversified investment platform, we are closely monitoring the areas of defence capability, security and European resilience. 'With regard to portfolio investments, our aim is to increase our involvement in the defence and defence-related sectors while maintaining our core focus on mobility and industrial technology.' The launch of the defence fund, first mooted by the Porsche family in March, comes amid a major German rearmament push. Friedrich Merz, Germany's Chancellor, secured support in March for an easing of his country's long-standing 'debt brake', turning the taps on for €500bn (£432bn) of investment and ensuring that any defence spending above 1pc of GDP will be exempt from borrowing restrictions. Porsche SE said its investments would focus on technology-driven areas including satellite surveillance, reconnaissance and sensor systems, cybersecurity or logistics and supply systems. A company spokesman said: 'Our core holdings confront their past. Both Volkswagen AG and Porsche AG see dealing with their history as a permanent task and continue to dedicate themselves to this process. 'For this reason, we view responsibility not as a historical burden but as a mandate for the present. 'Any investments by Porsche SE in defence and security infrastructure contribute to strengthening Germany and Europe. We take our historical responsibility seriously and carefully review our investments.' The investment fund comes amid a surge in the value of defence stocks since the turn of the year. German defence giant Rheinmetall, which is Europe's biggest producer of ammunition, has risen by 161pc. FTSE 100 nuclear submarine contractor Babcock has also seen its shares soar by 95pc over the same period, while BAE Systems has climbed 52pc.
Reuters
3 hours ago
- Reuters
World shares hit record as rate cut hopes, tame inflation data buoy sentiment
LONDON, Aug 13 (Reuters) - Global shares hit a record high and the dollar weakened on Wednesday as investors cheered mild inflation data, and expectations of a U.S. rate next month buoyed demand for riskier assets. The MSCI All Country World Index (.MIWD00000PUS), opens new tab of shares climbed for a second day and reached 951.74, an all-time high. Japan's Nikkei stock index (.N225), opens new tab, meanwhile, set a fresh peak for a second straight session. European stocks (.STOXX), opens new tab advanced 0.5%, with German shares (.GDAXI), opens new tab adding 0.6%. Defence (.SXPARO), opens new tab stocks led the gains, up 1.2%. U.S. inflation readings, which on Tuesday showed the consumer price index (CPI) rising slightly less than forecast in the year through July, indicated President Donald Trump's import tariffs had yet to filter down to consumer prices. That helped Wall Street scale new heights, supported by increasing certainty that the Federal Reserve will cut interest rates next month. "The fact that CPI was broadly as expected was met with relief, leading to equity gains and tighter credit spreads as investors became increasingly confident about another rate cut," Deutsche Bank analysts wrote. Also boosting market optimism was Trump's signing of an executive order pausing triple-digit levies on Chinese imports for another 90 days. The positive mood was set to spread to Wall Street, where a gauge of S&P 500 futures reached a record high, pointing to a 0.2% advance. In Japan, a Reuters poll that tracks the Bank of Japan's quarterly business survey showed the Japanese manufacturers' sentiment index improved for a second straight month. Another report showed Japan's wholesale inflation slowed in July, underscoring the central bank's view that upward price pressure from raw material costs will ease. The Nikkei (.N225), opens new tab rose for the sixth straight day, breaking the 43,000 level for the first time and hitting a fresh record high. Risk-sensitive cryptocurrency ether rose to an almost four-year high above $4,710. The dollar index , which tracks the greenback against a basket of major peers, fell for a second day to its lowest in two weeks. It was last down 0.3% at 97.70. The dollar lost 0.2% against the yen to 147.52 . The euro added 0.3% to $1.1711, after a 0.5% jump in the previous session. Traders are pricing in a 98% chance of a Fed cut in September, up from about 57% a month ago, according to the CME FedWatch tool. Investors had been on tenterhooks about the inflation data because it followed a surprisingly weak jobs report on August 1 and had the potential to stoke concerns about stagflation - when an economy suffers both high inflation and high unemployment. Trump has nominated White House adviser Stephen Miran to temporarily fill a vacant board seat at the U.S. central bank, stirring up speculation about presidential interference in monetary policy. And the White House said it was "the plan" that the Bureau of Labor Statistics would continue to publish its closely watched monthly employment report after Trump's pick to head the agency, E.J. Antoni, proposed suspending its release. Speculation the labour report would be halted has "done the USD no favours and would have only incentivised foreign investors to review their hedging ratios on U.S. investments," Chris Weston, head of research at Pepperstone, said in a note. In sovereign bond markets, German 30-year bond yields fell on Wednesday, retreating from the previous day's 14-year high sparked by uncertainty linked to Trump's efforts to end the war in Ukraine. U.S. crude fell 0.2% to $62.99 a barrel.
