Verivox

Revolut Offers 4.25% Tagesgeld to Win German Customers

Revolut has entered Germany's savings-rate competition by offering new customers 4.25% interest on a Tagesgeld account for four months, the highest currently available according to comparison site Verivox. Deposits for newly opened Revolut savings accounts will be held at Deutsche Bank and protected by German deposit insurance up to €100,000; Revolut previously used Lithuanian deposit insurance. The move follows recent high-rate promotions from entrants such as JPMorgan Chase and Consors Bank and forms part of Revolut's broader marketing push in Germany, which has included campaigns with Mario Götze, Berlin Marathon sponsorship, airport advertising and an Audi F1 team deal.

Survey: European Pay Service Wero Struggles with Awareness

A Verivox representative survey published by Retail-News finds that two years after its market launch Wero — the payment service from the European Payment Initiative — still has low awareness and usage in Germany. 61% of respondents did not know Wero is a payment service; 39% recognized it correctly. Activation and usage have risen versus the prior year (14% have enabled their current account for Wero; ~7% have used it for payments/transfers), but overall consumer and merchant adoption remains limited. Participating banks include Sparkassen, Volks- und Raiffeisenbanken, Deutsche Bank and ING. The article notes that broader merchant acceptance will be essential for Wero to compete with incumbent providers.

Wero still unknown to most Germans after two years

Wero, built by the European Payments Initiative (EPI) as a European alternative to PayPal, Mastercard and Visa, has seen limited consumer recognition and usage two years after its July 2024 launch. A representative Verivox/Innofact survey of 1,002 German adults in July 2026 found 39% correctly identified Wero as a payment service, 31% had never heard of it, 23% had heard the name but couldn't identify it, about 7% use it actively and 14% had linked a bank account. EPI reports 57 million registered users across Belgium, France and Germany (9 million in Germany), while PayPal reports roughly 35 million active German accounts. Wero expanded from phone-to-phone transfers to e-commerce payments in November 2025 and plans in-store rollout; growth is constrained by limited merchant acceptance, bank-based onboarding, AWS reliance and ongoing funding needs.