ECB selects network service providers for the digital euro
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The ECB has awarded the connectivity services that will link payment service providers and national central banks to the digital euro service platform to two consortia. The contracts first cover the pilot and would be ready for a potential issuance from 2029.
Key points
- Selected providers: Nexi with Deutsche Telekom Business Solutions, and Telefónica with Indra
- The first-ranked provider's contract has been in force since 28 September 2026; the second starts in May 2027
- All payment service providers will be able to connect through either of the two
Who is affected
Banks and payment service providers offering the digital euro, Telefónica and Indra
Deadlines
Second contract from May 2027; connectivity for issuance ready in 2029, subject to the Governing Council's decision
Plain-language version
The ECB, the euro area's central bank, has picked two groups of companies, Nexi with Deutsche Telekom and Telefónica with Indra, to connect banks and payment firms to the digital euro, an electronic form of cash issued by the ECB itself. The contracts cover the pilot first, and the network would be ready for a possible launch from 2029.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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