Weekly Headlines

EPI has selected “wero” as the commercial name for its digital wallet

H&M starts charging shoppers for online returns

Digital payments set to grow by 28% by 2030 to reach $53.4 billion

Square’s CEO to leave the company

EPI has selected “wero” as the commercial name for its digital wallet

The new name, chosen from a list of 238 candidate names, reflects the collective European character of the “we” and a pronunciation close to the word “Euro”. The acronym EPI will continue to exist as the corporate name.  wero will be available through EPI’s member banks’ applications and as a mobile application on both Android and iOS platforms. Currently, EPI is actively working towards launching wero by mid-2024 in Belgium, France and Germany, followed by the Netherlands, and aims to extend to other countries in the years to come.

H&M starts charging shoppers for online returns

Customers now must pay £1.99 to return parcels either in store or online, with the cost taken from their refund. However, returns are still free for H&M members.

Digital payments acceptance systems is set to grow by 28% by 2030 to reach $53.4 billion

According to Data Bridge research, the global market for digital payments acceptance systems is set to grow by 28% by 2030 to reach $53.4 billion. Changing consumer behaviours and technology advances are driving more merchants to switch from cash to digital payments, while the range of digital payment options for consumers continues to broaden.

Square’s CEO to leave the company

Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2,following business outage that lasted two days, handing over the post to co-founder Jack Dorsey.

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