Eurosystem invites stakeholders to join digital euro innovation activities in 2027
by@ecb
Summary
The Eurosystem is inviting payment sector stakeholders to participate in a new wave of digital euro innovation platform activities set to begin in January 2027. This initiative aims to explore how the digital euro can enhance market innovation, with activities focused on experimentation and exploration of features such as electronic integrated receipts and artificial intelligence in payments. These efforts build on the previous work of the digital euro innovation platform launched in 2024, and are part of the ongoing preparations for a potential digital euro issuance, which remains contingent on the adoption of relevant EU legislation.
Analysis
Eurosystem: The Eurosystem is the central banking system of the euro area, consisting of the European Central Bank and the national central banks of eurozone countries. It oversees monetary policy, financial stability, and payment systems across the region. In the context of this announcement, the Eurosystem is launching a call for expressions of interest to engage private sector participants in 2027 activities exploring digital euro innovation and infrastructure. Digital euro innovation platform: The Digital euro innovation platform is an ECB-led initiative launched in 2024 to bring together stakeholders for collaborative exploration of digital euro features and use cases. It focuses on turning ideas into practical solutions through structured workstreams. The current call builds directly on outcomes from the platform's prior pioneers and visionaries phases to advance experimentation and exploration in 2027. Preparation: The Eurosystem is conducting preparatory work for a potential digital euro in alignment with the ongoing EU legislative process, with any issuance decision deferred until relevant legislation is adopted. Innovation Focus: The upcoming activities emphasize practical experimentation in areas such as electronic receipts, multi-party payments, conditional payments, and AI-enabled payment experiences while prioritizing privacy and user control.
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