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Revolut, SumUp and Stripe to Take Part in Digital Euro Pilot
More than 50 firms applied as the ECB prepares a 12-month test of the beta digital euro with payment providers and merchants.
- On Tuesday, the European Central Bank selected 36 payment service providers for a 12-month digital euro pilot, with participants including Deutsche Bank, UniCredit, Revolut and SumUp drawn from 16 euro member countries.
- The European Parliament's recent official backing of the digital euro and yesterday's launch of legislative negotiations between parliament, governments and the European Commission provided regulatory momentum for the pilot announcement.
- Selected firms will serve as distributing PSPs providing Eurosystem staff access to beta digital euro services, or as acquiring PSPs serving merchants, with the pilot spanning the ECB and 19 eurozone central banks excluding Bulgaria and Malta.
- ECB executive board member Piero Cipollone said strong market interest demonstrates private sector readiness, while the 12-month pilot starting in the second half of 2027 will test technical functionality and allow staff to make peer-to-peer and person-to-business payments.
- A final law is due by year-end 2026 to enable formal approval in early 2027 and official launch in 2029, though three participating firms previously raised concerns about cost and potential disruption to existing payment systems.
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27 Articles
27 Articles
The ECB has selected 36 payment service providers to test the digital euro, including Deutsche Bank, DZ Bank and Helaba. From 2027, the digital currency will be tested under real conditions.
·Hamburg, Germany
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The digital euro is on its way. In a first phase, 36 selected partners will test a trial version of the payment method.
·Frankfurt, Germany
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The European Central Bank (ECB) selected 36 payment service providers, including some of the largest financial institutions in the euro area, to participate in the pilot programme of its digital euro project, informed the institution on Tuesday (14).
·Brazil
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·New York, United States
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Total News Sources27
Leaning Left1Leaning Right7Center6Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
C 43%
R 50%
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