Buckaroo, Payconiq International, and the European Payments Initiative (EPI) have reached an agreement aimed at introducing Wero in Luxembourg.

Following regulatory approval, Buckaroo is scheduled to take over Payconiq’s merchant portfolio in the country early in 2026. Once this transition occurs, Buckaroo will support Wero transactions after the standalone Wero application becomes available later that year.

This arrangement positions Luxembourg as one of the first markets where merchants can connect directly with Wero via Buckaroo’s infrastructure. As part of a planned migration, Payconiq’s existing merchants will gradually move to the new platform to ensure smooth service continuity and compliance with local and European regulations.

Strengthening Digital Payment Services

Buckaroo officials stated that this migration will help expand their presence in Europe while advancing efforts towards a unified, cross-border payment network. They viewed the move as a significant step towards harmonized and secure digital payments within Europe.

Payconiq representatives highlighted that the agreement ensures a controlled handover of merchant operations to Buckaroo, enabling businesses in Luxembourg to seamlessly transition to Wero once it is operational. EPI officials noted that this transfer will make Wero accessible to a broader range of merchants in Luxembourg and are prepared to begin services upon regulatory approval.

Upon operation, Wero is anticipated to offer instant payment options, improved cash flow management for merchants, and enhanced security measures aligned with European regulatory standards. The collaboration among these companies reflects a broader effort to fortify Europe’s payments infrastructure and promote interoperability across borders.