Nuvei announced that its eCommerce merchants have started processing transactions via Wero, the innovative digital wallet of the European Payments Initiative (EPI). Wero is designed to deliver instant, secure account-to-account payments across Europe.

Earlier this year, Nuvei were among the very first payment processors to complete a Wero transaction in a testing environment, and is now one of the first processors to begin processing merchant transactions. Wero enables instant account-to-account (A2A) payments through SEPA Instant Credit Transfer protocols, allowing consumers to pay securely and directly from their bank accounts in seconds.

For merchants, adding Wero expands consumer choice at checkout, reduces payment processing costs, and accelerates settlement, enhancing both conversion and cash flow. According to Statista, nearly 60% of European consumers say they are more likely to complete an online purchase when offered their preferred local payment method. The Baymard Institute identifies lack of preferred payment options as one of the top causes of cart abandonment, cited by over 9% of shoppers. Deloitte research further shows that merchants offering a broader mix of payment methods can see conversion rate improvements of up to 20% and stronger customer loyalty.

With over 46 million users in Europe, adoption of Wero as a preferred payment method in the region is already sizeable. Over 100 million P2P transactions, valued at more than five billion euros, have already been completed via the digital wallet.