“Can a bank-consortium trade association sustain relevance as the scheme governance body for Dutch payment infrastructure through the iDEAL-to-Wero migration?”
Founded in 2005 as a bank-consortium trade association to govern Dutch retail payment infrastructure. Currence operates as a scheme and brand owner rather than a direct payments processor, setting rules and certification standards for PSPs and banks participating in iDEAL, iDIN, and eMandates. In 2023, iDEAL ownership/management was transferred away from Currence as part of the iDEAL-to-Wero migration, narrowing Currence's active scheme portfolio.
Currence processes payments through iDEAL (self-operated scheme) and iDEAL | Wero (self-operated scheme). Disclosed money-movement rails: Wero and iDEAL.
The Embedded Finance Index 2026 maps 2 layers in Currence's stack: Payments / PSP (iDEAL (self-operated scheme) and iDEAL | Wero (self-operated scheme)); Money movement (Wero and iDEAL).
Currence was founded by ABN AMRO, Rabobank, ING Groep, Fortis, SNS Bank, BNG, Friesland Bank and Van Lanschot Kempen and is founded in 2005, headquartered in Amsterdam, Netherlands.
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