Caspar Tobias Schlenk

Neobanks like N26 and Revolut are seen as revolutionaries in the financial industry. Now they themselves are under attack from all sides: brokers such as Trade Republic and Scalable Capital are evolving into full-service banks, the giant JP Morgan is launching a new banking app, and at the same time payment providers are also moving into traditional banking services. Which offerings appeal to German customers – and what will the new banking landscape look like? Caspar Schlenk introduces the key players and their strategies.

Europe’s banks are no longer willing to stand by and watch as American tech giants dominate the payments market. Their response: Wero, a digital wallet modeled after Apple Pay, which aims to become the number one in Europe. Since late 2020, Martina Weimert has been driving this ambitious digital project forward as CEO. But can a European consortium really compete with American wallet providers like PayPal, Apple, and Google? How do you convince millions of consumers to change their habits? And what does it take to regain independence in the payments sector? At the OMR Festival, Martina Weimert will offer candid insights into the project’s current status, the biggest hurdles, and why Europe must act right now.