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ECB invites online merchants to test Digital Euro system

ECB invites online merchants to test Digital Euro system

MGR Online•Economy•34m ago

Reader Briefing

The European Central Bank is recruiting online merchants in the Eurozone to participate in a 12-month pilot project for the Digital Euro.

  • •The European Central Bank is opening applications for online merchants in the Eurozone to test the Digital Euro payment system.
  • •The actual testing phase is scheduled to begin in the second half of 2027 and will last for 12 months.
  • •The application process for the selection of merchants is open until October 27, 2026.
  • •The final issuance of the Digital Euro depends on the approval of relevant laws by the European Union.

Overview

  • •The European Central Bank is inviting e-commerce and mobile commerce operators in the Eurozone to apply for a Digital Euro system test.
  • •The selection process for participating merchants is open until October 27, 2026.
  • •The pilot project is scheduled to start in the second half of 2027 and will run for 12 months.
  • •The beta version of the Digital Euro used in the test will not have legal tender status during the testing period.
  • •The European Central Bank selected 36 payment service providers in July 2026, including Revolut, Stripe, Deutsche Bank, and UniCredit.
  • •The European Central Bank aims to evaluate user experience, technical functions, and operational processes of the system.
  • •The final design of the system will be determined by feedback from the business sector in the testing arena.
  • •The official launch of the Digital Euro will only occur once the European Union approves the associated legislation.

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Key Entities

Organization

European Central Bank(ธนาคารกลางยุโรป)ℹ️
The institution leading the Digital Euro pilot project and selecting payment service providers.
Revolutℹ️
One of the 36 selected payment service providers supporting the Digital Euro project.
Stripe
One of the 36 selected payment service providers supporting the Digital Euro project.
Deutsche Bankℹ️
One of the 36 selected payment service providers supporting the Digital Euro project.
UniCreditℹ️
One of the 36 selected payment service providers supporting the Digital Euro project.
European Union(สหภาพยุโรป)ℹ️
The body responsible for approving the legislation required to issue the Digital Euro.

Place

Eurozone(ยูโรโซน)ℹ️
The region where online merchants are being recruited for the Digital Euro pilot.