

I don’t have the numbers, but it’s probably more relevant that italian UniCredit is acquiring Commerzbank (+Comdirect) which is second biggest German bank. HSBC’s (also UniCredit) revenue is one third of Commerzbank’s and a merger is planned. Commerzbank already announced wero so it will be interesting what UniCredit makes out of that situation.

Leaving Wero while retaining the payment technology would imply high rebranding costs. On the other hand, leaving ENP and blocking some interoperability partners bears almost no cost at all. So Spanish and Italian banks may easily leave ENP and give up interoperability in future once it doesn’t suit their strategic goals.