ECB selects 36 payment providers for digital euro pilot phase

5 sourcesFirst reported 7 days agoUpdated 6 days ago

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The European Central Bank (ECB) has announced the selection of 36 payment service providers for a pilot phase testing a digital euro.
The pilot is set to begin in late 2027 and will last for one year.
Among the selected providers are major institutions such as Revolut, UniCredit, and Deutsche Bank, along with three Greek banks.
The testing phase will assess various aspects of the digital euro before a potential official launch in 2029.
More than 50 applications were submitted for participation in the pilot program.

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