ECB selects 36 payment providers for digital euro pilot as the project moves ahead
What's happening
The European Central Bank has selected 36 payment service providers (PSPs) from across the euro area to join the digital euro pilot, which will test the digital euro's payment, technical and operational capabilities across 19 EU countries and is due to start next year as part of work toward a possible 2029 launch. The pilot will involve PSPs including RS2 Financial Services GmbH, a German-regulated e-money institution, contributing acquiring expertise to practical testing. The selection is presented as the next step in readying the digital euro for broader rollout.
Why it's trending
Momentum is rising because the ECB is moving from design to live testing with a defined group of 36 PSPs and a pilot timeline starting next year.
SignalNewly emerging, confirmed across 1 independent source type.
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Most headlines cheer the ECB picking 36 PSPs for the digital euro pilot, but selection alone doesn't remove operational risk, 36 vendors across 19 countries create more integration points, not fewer.
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Original sources9
- RS2 Financial Services GmbH selected to participate in ECB digital Euro pilot
German-regulated e-money institution will contribute acquiring expertise to practical testing of a possible future digital euro RS2 Financial Services GmbH, an electronic money institution supervised by BaFin and part of... read more The post RS2 Financial Services GmbH selected to participate in ECB digital Euro pilot appeared first on Payments Industry Intelligence .
Payments Industry IntelligenceJul 15 - ECB picks 36 PSPs for digital euro pilot due to start next yearElectronic Payments InternationalJul 15
- ECB kickstarts digital euro pilot tests readying it for 2029 launch
The European Central Bank (ECB) is looking to test the digital euro’s payment and operational capabilities across 19 European Union countries. The European Central Bank (ECB) has selected 36 payment service providers from across Europe to test the digital euro’s functionality. The digital euro pilot will look to explore technical functional and operational processes for […]
Payment ExpertJul 14
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